Commonly Asked Questions
» Are you a Direct Lender?
» What kind of rates and terms does ALB offer?
» How much will it cost to get a loan?
» Do you cooperate with Brokers?
» How long will it take to complete my loan?
» What will you need from me to begin the loan process?
Top questions in 2010
» Can ALB help review my current loan?
» Does ALB have any non performing Notes?
» Does ALB have any Commercial REO’s?
Are you a Direct Lender?
Americas Leading Bankers Commercial Capital is a correspondent and partner with several of the nation's leading financial institutions. We have spent years pre-negotiating discounted rates/terms, implementing internal support staffs and obtaining programs that small Brokerage firms would never have access to. This is what separates ALB from the majority of other firms you encounter.
What Kind of Rates and terms does ALB offer?
Americas Leading Bankers Commercial Capital offers the industries top loan products. Management is constantly searching and interviewing with Lending sources and extrapolating the best products to offer to our clients and loan officers. These relationships with capital sources benefit our commercial real estate investors by offering lower rates, better terms, and a diverse menu of financing options.
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Multifamily Rate Sheet » Commercial Rate Sheet
How much will it cost to get a loan?
Americas Leading Bankers Commercial Capital is required to collect upfront deposits that are applied to paying the cost of the appraisal and any other required 3rd party reports that are necessary in advance. ALB does charge origination fees. The fees are based on the loan amount but typically range from .50%-2%. Remember that small loans take the same amount of work as a large loan.
Do you cooperate with Brokers?
Yes, Americas Leading Bankers Commercial Capital has paid out hundreds of thousands in Broker referrals. The process is simple we get a broker fee agreement signed along with a w-9. At the end of the transaction payment is made form ALB to cooperating broker.
How long will it take to close my loan?
Loans typically close in 30-60 days. However, several factors can affect the amount of time it takes for your loan to close. The ease of which we can order an appraisal on your building will play a major role. Typically, buildings in more suburban areas will be much easier to obtain an appraisal for than on than buildings in more rural areas.
Making sure to return the documentation we require from you in a timely fashion will also assist in speeding up the loan process.
What will you need from me to begin the loan process?
- 10 minutes to complete a 1003 loan application with one of our knowledgeable loan officers.
- A completed Credit Report Authorization form, allowing us to determine your credit score.
- A completed rent roll or lease summary
- Last 2 years income and expense statement ( or last 2 years schedule e’s for a refinance)
- 5. Subject property photos ( front , rear, sides and up and down the street outlining surrounding areas)
That's it! Once we have the above information, we are capable of putting a Letter of Intent in your hands in less than 48 hours. This is our guarantee to our clients. No long waiting periods, as our state of the art software determines your fundability in minutes!
Can ALB review my current Loan?
Americas Leading Bankers Commercial Capital special assets services are helping lenders, services, and other holders of potentially toxic assets. ALB is capable of reviewing your current loans and developing an action plan of your options . Whether you are the lender or the investor our staff is ready to help. In times like now many loans are upside down and therefore it is of utmost importance to not waste time wondering.
Does ALB have any non performing Notes?
ALB has a special assets division known as CAM- Commercial Asset Management and ALB assigns to this division any of the non performing or performing notes that are handed down to us from out lenders. This division adheres to a very strict set of rules for representing clients who are interested in buying notes. To find out more visit www.cam4reo.com Does ALB have any Commercial REO’s?
No lender wants to see their assets go to REO and our special assets division CAM works through the pre-Reo phases with our clients assisting at all levels. CAM is a full service asset management firm and we do get REO’s and we train or agents on how to participate with our asset management division. Visit us at www.cam4reo.com.
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