A commercial mortgage broker simply arranges financing for commercial properties with a lender, on behalf of a client, for a fee to be paid at closing. Commercial properties are simply business properties or residential properties of five or more units. Some examples are: shopping centers, apartment buildings, hotels, resorts, golf courses, office buildings, industrial buildings and others.
Brokerage fees generally range from 1% - 3% of the total loan amount. So if, for example, you arrange financing for the acquisition of an apartment complex, where the amount borrowed is $5,000,000, your fee would be in the ballpark of $50,000 for a few weeks work. Best of all, the bulk of your work is generally on the front end, since once you find a lender to handle your client's request, they will take it from there.
If you want to learn how to make at least 6 or 7 figures each and every year in your own home business as a commercial mortgage broker,
The Things You Should Know About Loans Refinancing
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