How to learn CRE Lending
I've been a mortgage broker in a small but reputable shop for almost 2 months now. It's a very DIY environment, in fact a little too hands off for someone trying to learn the business, and I feel like my learning curve is lacking esp in regards to understanding the intricacies of different lenders/loan products. I know this will come with time and by working on more deals, but if anyone has any suggestions of things I can do right now to get more in depth let me know. The internet is helpful but pretty surface level, and I don't quite know what I don't know yet enough to be asking specifics to my seniors. Let me know what y'all think, thanks!
Hi crebananas221, any of these discussions helpful:
More suggestions...
I hope those threads give you a bit more insight.
Bump
Call different lenders and ask what differentiates their loans from other sources of capital.
Ask how they underwrite deals.
Ask what their fee structure is like.
Ask what range of interest rates their loans are.
Ask if they require recourse and how much.
Ask what tenor of loans they write.
Ask if they will do construction loans.
Ask their time to close.
Thanks!
If you think it would be helpful, I'd be happy to walk you through the differences in lenders, products, etc. Just let me know and I can DM you.
Yes that would be great, DM me
I work in lending and would be interested if you might touch of something I’m not exposed to, would you consider making this a post with a Q&A component?
plz make public post or q&A
Okay, I'll make a Q&A post. If enough people ask questions, I'll keep it going. Anything not covered in the Q&A feel free to DM me.
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