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Commercial Programs

 

New Name for Commercial Loans

Place Capital

          We now have many more programs for you.  Bank turned down a "make sense" loan? Give us a call.  (We still do home loans under the BrokerPro Name.)

 

We've teamed up with a Direct Fannie Mae Lender to give you the best possible loan for your Apartment Complex. Not sure what a Direct Fannie Mae Lender means.  Not many people know how important this connection is.  Call so we can explain how it saves you money and time.

We handle your loan application the modern way
503-895-5428
 
Let me package your loan and present it to more than about 100 commercial lenders immediately.  
 
We have a full array of loans for all types of commercial projects:
Multi-unit rentals
Office buildings
Store fronts
Land
Gas stations
Mobile home parks
and more

We cover projects from $250,000 to $10 Million, specializing in loans under $5 million.  We can finance up to 90% of value. We do SBA.

 

The Place Capital Advantage:
Making it Work for You
          Located in the heart of Portland’s financial district, Place Capital provides sellers, agents and buyers with the modern, efficient way to get your best loan.  Locally owned and controlled, Place Capital connects you to several local and national lenders.  All at no additional cost to the borrower because we negotiate for you.
 
            Not all applications are equal.  You must make the proper first impression with your lender who is often looking at 20 or 30 loan requests at a time.  A financial analysis is what you need to compete.  A sloppy request package can prevent a worthy loan from getting approved.  Here's a sample of what your request looks like.
 
Advantages
1.      Seller: Understand exactly what the financial numbers say about your property
Place Capital runs your property through the same underwriting software the banks use.  You have the advantage of knowing your property pencils out.  The underwriting analysis often supports your sales price.  If it does not support your price, the seller may want to consider strategies.
 
2.       Agent: Attract your prospect
Get the advantage on the competition by showing your prospects a thorough, detailed financial analysis of the property and what it will return on investment for the buyer.  Use this memorable third party document to support your asking price.
 
3.       Buyer/Borrower:  Know where your project stands in the loan market
Place Capital builds a thorough loan request package and instantly submits it to many wholesale lenders.  They get back to you in 2 to 4 days with complete loan terms.  You have the advantage of comparing loan offers while knowing all the closing costs including appraisal, environmental survey and underwriting fees – not just rate.
 
 

 

Information You Need to Apply
We will help you compile this information in order to present it in the best possible way
For Apartments with more than 5 units

Application from all owners

Information on credit score for all owners

Factual description of the buildings and land

Operating Statement for the most recently completed year

Financial statements: Profit and Loss and Balance statements from the most recent period
For Office and Retail Sites

Application from all owners

Information on credit score for all owners

Factual description of the buildings and land

Operating Statement for the most recently completed year
For Owner Occupied Properties

Application from all owners

Information on credit score for all owners

Factual description of the buildings and land

Financial statements: Profit and Loss and Balance statements from the past two tax years
For Corporations, Partnerships and LLCs

Articles of Organization or Creation documents for the organization

Application from all owners

Information on credit score for all owners
For Stated Income Applications

Application from all owners -- include source of income but leave amount of income blank

Information on credit score for all owners

Factual description of the buildings and land
Call Today to Get Started:  We'll help you through the process.
BrokerPro Mortgage, LLC
1001 SW 5th Ave #1100, Portland, OR  97204
Office:  (503) 895-5428
Office:  (425) 998-0191
Fax:  (503) 961-9937
Cell:  (503) 287-4876
Toll Free:  (800) 823-9010
michael@brokerpromortgage.com
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