Why Use a Mortgage Broker for Your Mortgage Renewal?
If you already have the lender who funded you initially, why look around? Again, always remember that the lender pays the lending officer's pay cheque and, if push comes to shove, the lending officer is going to put the lender's interest ahead of yours. This is in direct contrast to me. I work for you; I owe an undivided fiduciary duty and loyalty to you. I don't mean to be cynical here, just realistic.
Also, please note that finding an agreeable lender is only about 25% of the commercial mortgage process. The actual negotiation process is where a commercial mortgage broker will save you money, and this makes up about 75% of his work.
Finally, banks and mortgage lenders change their commercial mortgage lending criteria and/or their preferred lending sectors over time. Worst case scenario, your particular property type or sector could have changed from their most desirable to their least desirable market segment. Where does this leave you, without approaching other selected lenders?
I know that your time is valuable and best spent doing what you are good at. You are not a commercial mortgage specialist; this not what you do best. It is, however, what I do best. Therefore, why not make me, your mortgage broker, a valuable, long-term member of your commercial investment property team, along with your lawyer and accountant?
The savings and preferred terms that I will negotiate for you will more than compensate you for your financial relationship with me.
• Acquisitions of IC&I Properties
As a committed commercial mortgage broker, Mike focuses on the procurement of commercial mortgages from $1,000,000 to $200,000,000. In the busy field of commercial mortgage brokers, Mike differentiates himself with outstanding follow-up commitment, which enables him to quickly and smoothly resolve the inevitable difficulties that can arise through the various financing options.
Mike works with his clients through the initial stages until completion of the mortgage. From negotiating the fine points of a lender's desire to suspend monies needed for maintenance and/or repairs to the positive resolution of a lender's concern over an existent environmental issue, Mike Mullin is your guide, your supporter, and the source of resolutions to all your unexpected issues when negotiating your commercial mortgage
With over 20 years of extensive experience in the financing process, Mike's clients benefit greatly from his responsible method of striving to comprehend both the short-term and long-term financial and investment plans for a particular property before suggesting a structure for the projected financing.
• CMHC Insured Multi-Family Residential Mortgages
• Conventional Multi-Family Residential Mortgages
• Modular/Mobile/Manufactured Home Park Mortgages
• Owner Occupied Property Mortgages
• Construction Mortgages
• Development Mortgages
• Shopping Malls & Retail Plazas
• Office & Medical Buildings
• Industrial Properties
• Financial Projections
• Feasibility Studies & Analysis
Copyright © 2014. R. Mike Mullin, CPA, CGA. All rights reserved.
Commercial Mortgage Broker, for both CMHC Insured & Conventional Mortgages, on Vancouver Island & throughout B.C.
Head Office: Mortgage Alliance Commercial, 200 - 205 Sheppard Ave., Toronto, ON M2J 5B4
Regional Office: Mortgage Alliance Commercial, 310 - 130 Brew Street, Port Moody, BC V3H 0E3
R. Mike Mullin, CPA, CGA - Licensed Commercial Mortgage Broker, throughout B.C.
Commercial Mortgages, Investment Mortgages, ICI Mortgages, Re-financing Mortgages, CMHC apartment building mortgage insurance
Multi-Family Mortgages, CMHC Multi-Family Mortgage Correspondent for Purchases, Re-financing & Construction Mortgages
Based on Vancouver Island, serving All of BC
Vancouver, Victoria, Nanaimo, Comox Valley, Courtenay. Comox, Port Alberni, Campbell River, Port McNeill, Port Hardy
• Rental Duplexes to 8 Plexes
B.C. Regional Office
Mortgage Alliance Commercial
#310, 130 Brew Street
Port Moody, B.C.