[mca123]

How many points are lenders paying for these types of loans?

[fundit]

It really depends on the lender. If it is a solely private deal, probably 2-3 points. If it is a licensed entity, you will have to have the client sign a contract to pay you directly due to legal restrictions. At that point, it is up to you to negotiate with them. I have seen clients who will agree to pay as much as 7 points. Also, some of these deals may include refinancing, be aware that you can probably only charge points on what the client nets. For example, I've seen a deal in the range of $1,000,000 but the client only nets $150K. The rest just reduced his overall mortgage rate by 3/4 of a point. Each deal will be unique, there is really no formula here.

[Joseph Esparza]

On large commercial this platform is all over the place when it comes to commission - and better served with a non-circumvention agreement in place. It's not unusual to get bargained down at that table to make the deal work for all parties, so be sure to have a good relationship with your Lender, so as not to be blindsided by this.

Reach out with any questions...

[jpos]

Joseph, if you're open to it, I'd like to ask a few questions.

[Joseph Esparza]

Joseph, if you're open to it, I'd like to ask a few questions.

Feel free to contact me directly at 917-364-0839 for Commercial or Residential Mortgage questions.
My best,
Joseph