COMMERCIAL MORTGAGE LOAN PROCESS

Overview of the Commercial Loan Process

CapitalMAC has revolutionized the processing of commercial loans with the implementation of Customer Relationship Management (CRM) technology. The company's primary objective in implementing CRM was to leverage this and other technologies to streamline the mortgage process. This allows CapitalMAC to minimize paperwork, reduce processing times, decrease costs, and provide better and faster service to its mortgage customers. The following is an outline of the typical steps required for commercial loan processing:

1. The Client contacts a CapitalMAC Commercial Loan Consultant. Utilizing our unique financial planning approach, your Loan Consultant will discuss with you your goals, holding period for the property, business needs and details of the commercial loan transaction.
2. After reviewing the Client's overall needs, the Loan Consultant will suggest a variety of loan programs that fits the Client's requirements.
3. Based upon the information and requirements given by the Client, the Loan Consultant will build a commercial loan request package. The loan package will then be submitted to several capital sources that specialize in the Client's particular property type. In approximately one to five days, Quotes and/or Letters of Interest will be by the capital sources to the Loan Consultant. These Quotes/Letters of Interest will detail the loan request amounts, terms and any specific conditions related to the loan.
4. The Loan Consultant will then communicate with the Client on negotiating the best offer.
5. If the Client chooses to proceed, an executed copy of the Letter of Interest and the good faith deposit will be submitted to CapitalMAC.
6. A complete Loan Application Package will be sent to the Client with a checklist detailing any additional information required.
7. Upon receipt of the Loan Application Package, the formal underwriting process begins.
8. The information contained in the Loan Application will be processed, required third-party reports will be ordered, and the Underwriter will complete a final underwriting Approval Memorandum.
9. The Loan Approval Memorandum will be submitted for review and approval by the Credit Underwriting Committee.
10. Upon approval, Loan Documents are prepared and are ready to be executed by the Client.
11. The loan is funded.
12. Funding typically occurs within 45 to 60 days from the date of receipt of a complete Loan Application Package.

With the support of our in-house closing specialists, we stay with you all of the way through the successful funding of your transaction.