The Commercial Loan Process
From quote to closing, we are dedicated to ensuring
a smooth and efficient closing.
With a dedicated team of seasoned commercial mortgage professionals assigned to each loan request, CRE Funding provides a smooth and seamless customer experience from your initial quote for a commercial mortgage loan or apartment loan through closing. The process involves finding the best loan to suit your needs through our network of financing sources.
Online Loan Request Summary
It takes less than 5 minutes to complete your request for a quote.
There is no cost or obligation.
Your social security number is not required.
We don’t pull your credit report.
No hard sell.
We never sell or provide your personal information or email address to unrelated third parties.
Receive Confirmation Email
Receive a confirmation email with the contact information for your commercial mortgage specialist.
Our team will stay with the transaction from the initial quote through closing.
Receive Preliminary Quote
Within 48-72 hours your commercial loan specialist will email a soft quote based on the information provided in your commercial loan request or apartment loan request summary.
Your commercial loan or apartment loan quote will also contain the additional diligence needed to issue a Letter of Engagement or conditional approval.
Standard documents include P&Ls, rent roll and photos for the subject property along with a personal financial statement and schedule of real estate owned for all key principals of the borrowing entity.
Letter of Engagement Issued
A Letter of Engagement or conditional approval is issued typically within 3-5 days of receipt of the outstanding diligence outlined in your initial quote.
The Letter of Engagement will provide detailed information about the rate, terms costs and conditions of the loan.
You can accept our offer or not. There is no cost or obligation up until this point.
Start the Underwriting Process
Once you execute the Letter of Engagement and submit the expense deposit required to process your loan (cover the appraisal and inspection costs), your loan will be transitioned into underwriting.
Third party reports are ordered.
An outstanding due diligence checklist will be provided.
Our goal is to obtain the outstanding due diligence before the third party reports are due.
Receive third party reports, finalize underwriting and issue a firm commitment.
Close
Our goal is to close your commercial or apartment loan as soon as possible.
You can at a local escrow office.
The closing package, including the loan documents, will be emailed to the selected closing office.
Get started with CRE Funding today!
It’s quick and easy to get started with CRE Funding. Simply complete the online Quick Quote loan request summary and we will assign a commercial mortgage specialist to your request who will provide you with our most competitive quote.
Complete the apartment loan quick quote loan request summary for apartment or multifamily properties.
Complete the commercial loan quick quote loan request summary for all other commercial real estate properties.
Commercial real estate loan program availability may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Program rates, terms, and conditions are subject to change without notice.