Educational Corner

The quick definition of a commercial mortgage transaction is “a mortgage on any property not considered a residential property.”  The best definition for a residential mortgage that is offered is “Any mortgage secured by a real property upon which there is located or will be constructed following settlement using proceeds of the mortgage loan, a structure or structures designed principally for the occupancy of one to four families. Anything not meeting this definition is a commercial mortgage.”

Many people who originate residential mortgages believe that commercial mortgages are not worth pursuing.  They could not be further from the truth!  In reality, commercial mortgages provide an incredible opportunity to generate substantial profits.  Here are some issues to ponder:

• The average commercial loan is substantially higher than a residential loan.
• This means more profit for you!
• You can direct your efforts to calling on Realtors  and Builders and compete with every other loan originator who is pursuing the same business, or
• You can do both residential and commercial loans!
• Competing with substantially fewer loan originators with commercial originations will transfer to your bottom line profit.

 Contact or email ITC Commercial Funding today and determine how you can grow with ITCCF. Toll Free 866-651-6218 or kgatlin@itchold.com