How to Find The Best Commercial Lenders in California

1
How to Find The Best Commercial Lenders in
California
2
There are many hard money lenders in California
dealing with commercial loans. However, may not
be wise to give your commercial loan business to
the first lender you can find. Not all offer the
best services, so you need to research first to
select commercial lenders in California whom you
can depend on and who have the best services.
These are some of the aspects to consider in
choosing the best commercial lender for your
specific needs.
3
Market knowledge
You want a professional who understands your
scenario. When you talk to commercial lenders,
discuss your scenario in detail. Doing so you
will be able to find hard money lenders who can
relate to you, your property and understand the
requirements and potential of your specific
transaction.
Single point of contact
If you are with the best commercial lenders in
California, they will offer a single point of
contact. This ensures communication flow you
dont have to wonder who is going to call to give
you updates, or who you need to contact should
you have questions or want status on your file.
Fully licensed
You likely want to work with a fully licensed
professional. For California, they are likely to
be licensed through the DRE or the DFPI.
Additionally, they may also be licensed at the
national level, through the NMLS. Even though
commercial lenders are not required to be
licensed in this manner, many will choose to
carry the additional license.
4
Ease of communication
Do you need to communicate in the evenings or on
weekends? Prefer to communicate via text or
email? Would you rather speak on the phone?
Knowing how you will communicate is a huge part
of the financing decision. Nothing is worse than
being in a high dollar transaction and not being
able to get updates, answers or information with
regards to your file. This starts upfront. When
calling initially, take note as to whether you
are given the time to discuss your file in
detail. If you email or leave messages, do you
get timely replies? How you are treated upfront
is typically very indicative of how you will be
treated throughout the transaction.
Know the nature of the relationship with previous
clients
You need to know the nature of the relationship
the lender had with previous clients. Take a look
online for reviews. Is the professional you are
talking to listed with the BBB? Thats always a
good sign as well.
Types of offered services
For alternative financing, many lenders
specialize in only one or two niche categories,
while others specialize in only specific
locations like only California. Make sure your
financing professional is proficient in the
service you require, but also consider services
you may need in the future. Building a good
relationship with a quality financing
professional can pay years, or even decades, of
dividends. This is true both for simply obtaining
financing as well as for saving you the time in
the future of having to look for that financing.
5
Know about the collateral
Of course you want someone who knows about your
specific collateral. Is this a construction
project? Have a brief discussion to see if your
professional is knowledgeable about the
construction process. The same goes for other
property types. There are many individuals who
can help obtain financing, but some are simply
more knowledgeable than others. If you base your
search to find commercial lenders in California
on these aspects, it is certain that you will
want to be in contact with All California
Lending. They have specialized in real estate
financing for years, are fully licensed, in good
standing with the BBB and are knowledgeable about
a wide variety of products. Contact them at 877
462 3422 to discuss your commercial loan
requirements.