Banks That Continue to Close Commercial Mortgages

June 11, 2010 - PRLog -- For existing or prospective commercial real estate owners, one of the biggest challenges facing them is identifying and finding commercial lenders that are truly funding and closing commercial mortgages.  The media continues to report on the dismal state of the commercial banking industry.  This is certainly not “news” to borrowers.  

“Banks have their own internal issues that they are dealing with.  Many have serious problems with the FDIC as they are in violation or are close to being in violations with the regulations that the government has in place.  The capital reserve ratios as well as the much under discussed and under reported Mark to Market accounting standards for banks, are the real reasons why banks are not lending.”  Comments Jeff Rauth, President of Commercial Finance Advisors, Inc. a commercial mortgage consultancy firm.

Our Home Page:  http://www.cfa-commercial.com

It is estimated that 70% to 80% of the commercial banks and lenders in the nation are not looking at new loan request.  Of the loans that they are funding, it is to their existing clients, they may not be able to secure financing with other banks.  

“All in all, borrowers that are seeking financing need to be very disciplined about how they search for and find banks.  Roll up your sleeves and be ready to triple the number of banks you would normally talk to.  Due to the credit crisis we have elected to make our internal commercial lender and SBA lender list accessible on our site.”  Comments Rauth.  The list is here: http://www.cfa-commercial.com/sba-lender-list.html

Section on our site for Commercial Mortgage Brokers: http://www.cfa-commercial.com/store.html

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About Commercial Finance Advisors, Inc.:
Jeff Rauth is a Commercial Mortgage Broker and President of Commercial Finance Advisors, Inc. out of Birmingham, Michigan. He specializes in Commercial Real Estate Loans between $400,000 - $10,000,000. Offering unique loan programs such as Long Term Fixed Rate Loans for Owner-Users and Investors, SBA Loans and USDA B&I Loans, among many others. For more information call 248-885-8797 or visit http://www.cfa.commercial.com.