Right now Wall
Street is buying more commercial mortgage-backed securities than at
any time in history. As a result, there are loan agents out there
today who are making over a half-million dollars a year brokering
commercial loans to conduits. If you don't know how to broker commercial
deals, you are missing out on one of the biggest financial gold rushes
of your lifetime.
For only $199
you can now buy an easy-to-read guide that will teach you everything
you need to know about underwriting and brokering commercial mortgage
loans. This is not some boring text book about the capitalization
of commercial property cash flow streams. Boring! This is a training
manual designed to get a residential loan agent up to speed arranging
commercial loans in just one afternoon. In fact, that's exactly how
this manual got started, as a training manual for our own commercial
mortgage loan officers.
Need to prepare
a pro forma operating statement? I tell you exactly where to get every
number on every line; even when you don't have enough information,
and you just have to wing it. Don't know the fire insurance premium?
Try using $4.50 for every thousand dollars of insurance - but only
insure 70% of the property's estimated value. Laundry income? Use
$11.50 per unit per month. Do you see how detailed, helpful and down-to-earth
this manual is? No fluff. No theory. Just step-by-step instructions
that even a dummy like me could follow.
You will also
learn debt service coverage ratios, operating expense ratios, on-site
and off-site management factors, reserves for replacement, capitalization
rates (cap rates), vacancy factors, collection loss reserves and loan
constants. You will learn about forward takeout commitments, standby
commitments and bow-ties. You will learn how to underwrite construction
loans, including the difference between loan-to-value ratios and loan-to-cost
ratios, developer's profit analysis, contingency reserves, interest
reserves, and general contractor's overhead and profit factors. You'll
learn the difference between gross leases and full service leases
and industrial gross leases and net leases and net-net leases and
triple-net leases. You'll learn the difference between scheduled rents
and effective rents. And exactly how do you prepare a pro forma operating
statement when the building is 27% vacant? Inside you'll learn.
I will also teach
you how to look at a commercial deal and determine immediately to
what type of lender you should take the loan. Got a successful business
owner with a large average daily balance in his corporate checking
account. Take the loan to a bank. Got a kinky property with great,
verifiable income (i.e., great tax returns)? Go to a finance company.
Got a standard piece of real estate with good leases and occupancy
but the owner's net worth is light? Take it to a savings bank. I explain
why in plain, everyday English.
Sounds like a
lot to learn, huh? Nonsense. You can read my manual from cover to
cover in just 90 minutes. When you're done, you will know everything
you need to successfully broker commercial loans. What a feeling -
to finally master commercial mortgage underwriting. You'll run circles
around your realtors. Your confidence will soar!
So will your income.
Just one point on a $2.6 million loan is $26,000. And did you know
that packaging a commercial mortgage loan is far easier than doing
a Fannie/Freddie residential deal? Using our commercial lender databank
and this training manual, you can now make huge commissions off of
commercial leads you were previously throwing away.
All this for $199.00.
To order a copy of this wonderful Income Property Underwriting Manual,
simply e-mail to us your
name, company, address and telephone number. Please also include your
Visa, Mastercard or American Express credit card information. We will
need to know whether the card is a Visa or a Mastercard, the name
on the account, the account number and the expiration date.
You can also order
by phone by calling Alicia Gandy at 916-338-3232, or you can fax your
order to Alicia at 916-3382328.
This manual comes
with a money back satisfaction guarantee. If you are not completely
satisfied that this manual is a fun, easy-reading guide to everything
you need to know about commercial mortgage underwriting, just call
us and we will happily refund your money.
Conduits are making
billions of dollars in commercial mortgage loans this year. Some commercial
loan agents are making over a half-million dollars annually bringing
them loans. Stop throwing those commercial leads away! Turn them into
big commissions instead. This decision is a no-brainer. You are going
to learn a whole new profession for a lousy $199.
Be sure to also
see our Combo Package Offer that includes our Income Property Underwriting
Manual, our Commercial Mortgage Marketing Manual, and our Loan Broker
Fee Agreement - all for just $249. For just $249 you will possess
every tool you will need to open a very competent commercial mortgage
division. Click here for details on our Combo
here to order an Underwriting Manual by credit card
interesting stuff for mortgage brokers
here to search the databank
Or mail your check
for $199.00 (California residents add $15.42 sales tax), plus $8 S&H,
4811 Chippendale Drive, Suite 101
Sacramento, California 95841
Telephone: (916) 338-3232
Fax: (916) 338-2328