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Research

BORROWER SECURES BETTER TERMS WITH COMMLOAN THAN WITH EXISTING RELATIONSHIP

By David Luke,
Phoenix Commercial Real Estate Broker

Office in Phoenix, Arizona

Opportunity
The buyer was referred to CommLoan by a Phoenix commercial real estate broker. The experienced Sponsor had been buying commercial real estate and obtaining financing through his network for many years. Since he was highly recommended to work with CommLoan, he decided to see what financing options they could obtain. The Sponsor ended up having an existing relationship with one of the top lenders on his prequalification certificate.

Solution
CommLoan was able to independently procure a better rate and terms with that same lender than what was quoted when the Sponsor originally went to the lender directly. Impressed with CommLoan’s ability to negotiate, the Sponsor is now working on his next project utilizing CommLoan’s expertise and technology.