How to Identify a Genuine Commercial Lender in Houston

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How to Identify a Genuine Commercial Lender in
Houston

• Choosing a commercial lender in Houston, TX, can
  be challenging if you are new to this as private
  lenders often do not enjoy the accreditation that
  banks do. Nonetheless, there are certain
  parameters you can check to ensure that the
  commercial lender is genuine and you are not
  dealing with a fake. Here is how. 

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Exorbitant Fees

• When you start researching potential commercial
  lenders, you will come across certain fees and
  prices that almost all of them charge from their
  clients. However, there is usually parity between
  the rates. In the case of large commercial loans,
  there is often a cost of underwriting involved,
  which could lead to an upfront fee payment.

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Direct Lending 

• The best way to choose commercial non-bank
  lenders in Houston, TX, is to ensure that they
  are direct lenders. You will do well to apply
  directly to the lenders, rather than opting for a
  broker or intermediary lending firm that promises
  to put you in touch with prospective
  lenders. More often than not, they will add their
  fees to the rates charged by the original lender,
  which will increase your cost.

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Lack of Portfolio

• A successful commercial lender will have an
  impressive portfolio and should be able to offer
  guidance and loans on a wide range of areas like
  bridge loans, ground-up construction loans, small
  balance commercial loans, land development loans,
  fix-n-flip loans, and more. They should also be
  able to offer a list of past clients they have
  dealt with and properties they have financed. 

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Registration

• Trustworthy commercial lenders in Houston,
  TX, will always register with state agencies or
  organizations like Better Business Bureau. You
  can go through the reviews posted on the website.
  A registered company will never tell you to
  indicate that your income is higher than it is or
  asks you to apply for more money than you need. 

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Contact US

• Company Name Vista Funding LLC
• Company Number 1 713-589-2866
• Company Address 5100 Westheimer Rd Suite 200
  Houston, TX 77056 USA
• Company Website https//www.vistafundingllc.com/

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Thank You