Need Commercial Mortgage Loans?
We Deliver Pre-qualified Commercial Loan Apps
Right to Your E-mail Box
The Perfect Size, the Ideal Location, and on the Right Type of Property.
No Set-Up Fees. No Monthly Fees. Pay Just 25 to 50 Basis Points When a Deal Closes.
Most Banks Simply Pass the Cost on to the Borrower, Making It FREE to the Bank.
Do 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. Used correctly, our software costs your bank nothing.
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.
"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. Please stop. You really-really need to view the list of banks who have closed loans for C-Loans. It's eye-opening. We stopped adding to this list back in 2005. The point was made. Hundreds of banks are successfully using C-Loans.
Five of the ten largest banks in the U.S. use our commercial loan origination software, including Bank of America, Wells Fargo Bank, Citibank, Morgan Stanley, and US Bank.
"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 paid $100,000 just for the domain name, CommercialMortgage.com. Worth it!
C-Loans also has over 450 pages of good-quality content about commercial real estate finance. Our educational pages are intentionally written using plain, everyday English, and our users seem to really appreciate it. Google measures how long visitors stay on our web pages, and they seem to stay awhile reading our training-packed web pages. Lastly, we have operated our CREF websites for 18 years now, so the search engines recognize us as an authority in the field of commercial real estate finance. You should do a search on Google for "commercial loans", "commercial mortgage rates", or "commercial lenders". This is why we get soooo many commercial loan applications.
"How many loans will I get?" It depends on your lending area. A conduit lender can expect to see at least 15 loans per month over $5 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, and prime CMBS lenders pay just 37.5 basis points when a deal closes (just 25 basis points on deals larger than $5MM). Non-prime lenders, sub-prime lenders, bridge lenders, hard money lenders, and mezzanine lenders pay just 50 basis points.
Most banks simply bump their normal loan fee by 25 to 50 basis points to cover our fee. For example, if your bank normally makes commercial loans at 1 point, you should quote C-Loans deals at 1.375 points. After the close, we will send you an invoice for our 37.5 bps. software licensing fee. The net result is that using C-Loans costs the bank nothing.
"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
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 38th year in business. You can view our audited financial statement. Please note that our sister company is a $56 million direct commercial mortgage lender itself.
"Gee, George, I'd love to join C-Loans, but I know my boss would never agree to let me pay a fee to a mortgage broker."
C-Loans, Inc. is not a broker. We are a software company that licenses software to allow your bank to receive numerous SBA loans and conventional commercial real estate loan applications online. Your bank pays for accounting software. Your bank pays for SBA loan origination software. If your bank wants to pay to use our software in the traditional way and assume the risk of success (why on earth?), we will happily license this software to your bank for a small flat fee each month. The amount of our software licensing fee depends on the size of your bank:
For banks with less than $2 billion in assets, the cost is just $250 per month. For banks with more than $2 billion in assets and less than $7 billion in assets, the cost is just $350 per month. For banks with more than $7 billion in assets and less than $15 billion in assets, the cost is just $500 per month. For banks with more than $15 billion in assets, the cost is just $1,000 per month. The bank owes nothing more, even if it closes a loan.
That being said, the vast majority of our participating banks choose to take advantage of our Guaranteed Success Program, where the bank doesn't have to pay a single cent unless it closes a commercial loan using our software; but the choice is yours. Remember, 99% of our lenders just pass the cost of our software on to the borrower.
"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 $20 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.
The reason we are so freaky-deaky about being called a mortgage broker is not a licensing issue. We have all of the necessary commercial mortgage brokerage licenses. The reason why is because C-Loans is just a dumb computer program. There is no human present to warn our borrowers to get a roof inspection, a survey, or a Level I toxic report. There is no human to explain a lock-out clause or a defeasance prepayment penalty. We are not the borrower's mortgage broker.
"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 licensing fee. This is indeed a no-brainer. What do I do?"
Simply click on any of the gray buttons that say, "Join C-Loans as a Lender" or call Tom Blackburne, General Manager of C-Loans, Inc., at 574-210-6686. If its after hours and you have a question, you can email Tom at firstname.lastname@example.org.
Within 24 hours you should start receiving loan applications. "It's that easy?" Yup. Welcome to the C-Loans® family.
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841