Commercial Loan Process

Let our team help you close more commercial transactions!

 Step1 - Evaluate the project

Using its proprietary software tools and commercial lending experience, Your Trusted Finance provides you with a free "Preliminary Financing Analysis" (PFA) that helps you identify a viable loan amount and financing structure. 

Working with numbers drawn from listings, seller's records, buyer's records, or other third party sources, the Your Trusted Finance team can provide you with alternative commercial financing strategies and explain their implications before you make your final decision on a project or other course of action.

Professional opinion letters either for the buyer or for the seller can be valuable tools for negotiating more favorable transactions because you have in hand a Your Trusted Finance's independent evaluation of your project financing.

 

Step 2 - Gather data, information, and documentation

Clearly documenting the underlying logic and value of a project - be it new construction, real estate acquisition, business expansion, or simple refinancing - is at the very heart of selecting the correct data and information to be presented to a lessor, investor, or lender for funding considerations.

Every commercial transaction is unique, and Your Trusted Finance Group provides you with a specific and detailed list of the documentation required to underwrite your particular funding situation.

Your Trusted Finance team can even provide you with many of the standard forms frequently used in commercial lending to summarize rent rolls, financial condition, and other data necessary for a professional presentation.

 

Step 3 - Assemble a commercial loan package

Funding sources focus on three main elements when considering commercial transactions: what is the property collateralizing the funding, what is the project cash flow that will repay the lease or loan, and who are the people involved in owning and operating the resulting venture.

Your Trusted Finance Group is both knowledgeable and experienced at selecting suitable and compelling documentation so that funding sources will view your project in its most favorable light.

Since every commercial transaction is unique, Your Trusted Finance team crafts a loan package that meets the specific needs of the borrower and the important concerns of the lender.  The quantity, quality, and order of presentation in the commercial loan package is designed to assure everyone involved is fully informed and confident about the project.

 

Step 4 - Present and negotiate loan package for lender consideration

Along with Your Trusted Finance Group's "Loan Packager's Executive Summary" and professionally prepared "Loan Request and Terms Sheet," the Trusted Finance team personally presents the completed loan package to selected members of its proprietary roster of funding sources.

Unlike the more automated residential mortgage process, commercial funding depends heavily on establishing personal understanding, confidence, and trust in both the project and the borrower. 

The Trusted Finance team presents transactions to funding sources already prepared to look at good projects, and it negotiates these transactions with a "win-win" philosophy that promotes the best possible rates and terms available under the circumstances at hand.

 

Step 5 - Review and evaluate commitment letters, counter-offers, and calls for further documentation

The natural result of the Your Trusted Finance Group process is a commitment letter from a funding source.  An expert explanation and evaluation of that letter is important to understanding its implications for your project.

The Your Trusted Finance team will review special terminology or covenants, and it will provide you with a good faith estimate of the actual numbers associated with accepting a commitment letter or counter-offer.

Occasionally a lender will request further documentation or clarification of certain points relevant to the transaction.  The Your Trusted Finance team can help you acquire, present, and explain any further data or information that may be required to complete a deal.

 

Step 6 - Close the loan

Finally, Your Trusted Finance Group can seamlessly schedule complex closings that may involve multiple funding sources or require serialized transactions. 

Often borrowers will use personal equity sources for capital contributions, and the Your Trusted Finance team will carefully coordinate those fundings for both timing and amount so that your primary project funding happens without a hitch.

A Your Trusted Finance commercial team representative normally attends every commercial closing to assist in completing a smooth and worry-free result.  Having Your Trusted Finance involved from beginning to end makes both economic and professional sense.

Minneapolis Minnesota and Surrounding Areas

 

Commercial Mortgage, Commercial Purchase Loan, Commercial Refinance Loan, Residential Mortgage, Residential Purchase Loan, Residential Refinance Loan, Commercial Mortgage Lending, Commercial Purchase Lending, Commercial Refinance Lending, Residential Mortgage Lending, Residential Purchase Lending, Residential Refinance Lending, Hard Money Lending, Private Money Lending, Asset Based Lending, Equity Lending, Collateral Based Lending

 

Located in:

Minneapolis, Minnesota

Brokering loans in all states all types