Syracuse Securities Inc. offers low, fixed rate commercial real estate mortgages to Central New York and New York State borrowers.
Please read the information below to learn more about how Syracuse Securities Inc. might help you obtain a low fixed rate mortgage rate quote, and, confidentially, discuss your commercial mortgage financing transaction, based on your personal needs!!!!! To apply for a commercial mortgage please fill out our
Commercial Mortgage Online Application.
Why use a commercial broker when I can walk into my bank?
Did you know that 95% of
all commercial transactions
that are closed in the largest
markets (New York, Boston,
LA) are closed by commercial
mortgage brokers?
"But why
do I need you when I can
just walk into my bank?"
You may be asking yourself this same question or have been asked this by your clients. The reasons why it is
a “win-win-win” for all parties
involved are the following:
- Banks in larger markets
don’t always have staffing to
meet clients who are
trying to get a loan.
Many banks rely on brokers to
“feed” them business.
They don’t have to pay
us a salary, office, medical,
etc. In return they
pay brokers for the loan once
funded.
-
The client doesn’t have
to waste their time going
to different banks, filling
out form after form,
being shuffled around to different people
within the bank.
Clients let the broker handle
this and in return
pay them for their service.
Clients in short use
their time better in finding
the “next deal”.
-
A good mortgage broker knows
where to get the best
financing and knows
where not to go. This is
just as important as it
eliminates a lot of
wasted time. I recently
received a loan request from a
client seeking financing
for a hotel. I noticed
that the purchase offer
had been expired for
weeks. I asked why has it taken so long to get
financing in place? He
told me his local banker
had the file for two
months, gave him the run
around and told him at
the 11th hour they don’t
do financing for hotels.
We were able to secure
this client more attractive
terms with our national
lenders and even offered
him a choice of
lenders that were willing
to do the loan.
-
Brokers have the ability
to “shop” your mortgage request
around with many different
sources of lenders.
The more knowledgeable the broker
the more sources
they have thus a higher
chance of getting the file
to close.
Is there money still out there?
While its true it is harder to
obtain a commercial mortgage in today’s market,
not all is so bad. There
are many different lending
sources still in the game. At Syracuse Securities we have a network of lenders both locally and nationally excited to invest in CNY/NYS real estate to which we broker our mortgages.
Life Companies,
Pension funds, local banks and credit unions, FNMA, HUD,
Freddie Mac, to name a few.
We also have a group of
private investment funds that
that look to us to show them our mortgage requests.
If you are having trouble, or , for your clients in getting commercial financing why not spend 5 minutes discussing your needs with us? You can also fill out our
Commercial Mortgage Online Application here.
Jerod Schoonmaker
Syracuse Securities, Inc
1010 James Street
Syracuse NY 13203
315-424-0218 ext 265
800-448-3200, x 265
jschoonmaker@ssimortgage.com