Another Real Estate Blog

What exactly do commercial property mortgage bankers do? Do they need a license? Do they get paid by commission or salary? Average pay for someone starting in the biz? Pros and cons and your overall impressions of the industry?

Also do you know of any good California Commercial Lenders?

On the website www.findacareerhere.com there is a salary calculator that tells you salary and also gives you a job description. Hope this helps.

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I’ve got a commercial mortgage of about 480 k on a prop valued at 600. It’s fixed for the first 3 years at 8% (one of which has passed), then it switches to an ARM. It’s also got a baloon like most com. mortg. of 420 at the end. Anyone whose knowledgable have any suggestions for getting some better terms on a refi? I plan on keeping it very long term.

I am a mortgage broker. Please email me if you would like to discuss this further.

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What may be a reasonable interest in a 30 year California commercial mortgage ? I”ve been offered an initial 3 year fix interest of 7.5 with a 20 % down , Does it sound right?.Can somebody explain how it works please?
You are getting yourself an ARM. This is what has gotten this world in a mess of foreclosures. Although you have fixed for 3 years, it will readjust. Good luck losing everything. Demand a fixed (fully fixed) loan. They are playing word games with you, do not accept this from them. They are treating you like you are uneducated. /