Need Commercial Mortgage Loans?
We Deliver Pre-Qualified Commercial Loan Apps
Right to Your E-Mail Box
Each Loan Will Be The Right Size, in the Right Location, and on the Right Type of Property. No Set-Up Fees. No Monthly Fees. Pay Just 37.5 to 50 Basis Points When a Deal Closes.
Do you want to close more commercial mortgage loans? If so, joining C-Loans as a lender is a no-brainer. You will instantly see dozens of qualified new deals every month. Please take a moment to view a sample loan application
As you can see, you can determine in seconds if the deal is a good one or not. If the deal is junk, you can turn it down with just one click using our EasyReply System. If you like the deal, you can immediately call the borrower directly. You can also use the EasyReply System to instantly beam the borrower a quote and a checklist of required documents. It's all point-and-click technology.
Who is C-Loans, Inc.®? We are the sister company of Blackburne & Sons Realty Capital Corporation, one of the largest and oldest private money commercial mortgage companies in the country. Blackburne & Sons was incorporated in 1980, making this our 33rd year in business. You can view our audited financial statement. Please note that our sister company is a $55 million direct commercial mortgage lender itself.
"Do internet loan applications really work?" C-Loans lenders have closed over 1,000 commercial mortgage loans totaling over $1 billion. For a list of the hundreds of banks who have closed C-Loans deals, please click here.
"How does C-Loans.com get so many commercial loan applications?" C-Loans, Inc. owns CommercialMortgage.com, CommercialLoans.com, CommercialRealEstateLoans.com, IncomePropertyLoans.com, and 200 other commercial mortgage finance related web sites. We have operated our websites now for 15 years, so the search engines really seem to like us.
"How many loans will I get?" It depends on your lending area. A conduit lender can expect to see at least 40 loans per month over $2 million. A bank lending nationwide could see 20 to 30 deals a month. A mid-sized bank lending statewide might see 15 deals per month. If you only lend in Northeast St. Louis, you will of course see fewer deals.
"How much does it cost?" There is no set-up fee to join C-Loans, nor is there is any monthly charge. Banks, life companies, CMBS lenders and REIT's pay just 37.5 basis points when a deal closes. Hard money lenders and mezzanine lenders pay just 50 basis points. Most banks and other commercial lenders simply bump their normal loan fee by 37.5 to 50 basis points to cover our fee.
"Do we have to sign an agreement?" No. We're happy to start sending you deals immediately based only on a verbal handshake. If for some reason you need a written agreement, you'll find one here: http://www.c-loans.com/license.html
"Gee, George, I'd love to join C-Loans, but I know my boss would never authorize me to collect a fee for a broker."
C-Loans introduced in early 2013 a brand new version of C-Loans, a version that we refer to as C-Loans 2.0, where the lender does not have to collect our fee. We will collect our own fee.
Now a lot of borrowers cheat us out of our fee on C-Loans 2.0, so C-Loans 2.0 lenders do not enjoy preferred placement on C-Loans. If at all possible, you want to join as a C-Loans Classic Lender because you will see many more deals; but if you can only join C-Loans 2.0 right now, when you write to Mick Carlson to join C-Loans, please be sure to include words to the effect, "I can only join as a C-Loans 2.0 lender." Maybe after you've closed a few deals using C-Loans, you can go back to your boss and press the case again to join C-Loans Classic.
"Can anybody join C-Loans as a lender?" No. You must be a bona fide, direct lender and not a mortgage broker in disguise. You must service at least $25 million in commercial loans to join C-Loans as a lender.
A couple of minor points. We are not the borrower's mortgage broker, nor are we your correspondents. C-Loans is just a software company that licenses commercial loan application software to lenders. The loan applications will come directly to you. In most cases, C-Loans will not even look at the applications. If you receive an attractive loan application, it is up to you to please call the borrower, realtor, or mortgage broker immediately.
"Okay, let me get this straight. There is no set-up fee to join C-Loans, nor is there any monthly fee. I only have to pay you a tiny fee if I actually close a deal, and I can always just bump up my usual loan fee a little bit to cover your fee. This is indeed a no-brainer. What do I do?"
Simply click on any of the gray buttons that say, "We May Be Ready To Join C-Loans," or call Mick Carlson, General Manager of C-Loans, Inc., at 574-855-6292. If its after hours and you have a question, you can email Mick at email@example.com.
Within 24 hours you should start receiving loan applications. "It's that easy?" Yup. Welcome to the C-Loans® family.
George Blackburne, III, Esq.
1526 W. Jefferson Street
Plymouth, IN 46563