I work for a Mortgage Broker as an office manager. We are starting to get into the Commercial side of lending. I came across a deal that involves a commercial purchase under 100K. The dilema I have is finding someone on the wholesale or for that matter retail said that will entertain doing the deal. Most lenders minimum loan size is100K. Is this person stuck with having to go to the bank? Scotsman Guide was very little help.

Appreciate anybody who can point me in the right direction.

Mike:

Who do you take the big commercial loans to?

What exactly do you mean with ” Is this person stuck with having to go to the bank?” Do you have any local lenders that you can take the deal to?

For example, most banks will have the lending area divided into a “retail/small business” division and a “corporate/commercial” division. Chances are that your contact at the lender can kick the loan down to “retail/small business”.

On the other hand, if you are talking about non-bank lenders, my knowledge of those is limited, but I would agree that for most a loan that size is not really a money maker.

I too have limited knowledge of non-bank lenders, but I do know that good fee revenue from smaller commercial deals will make them more enticing. Of course, being a community commercial bank also probably helps with our flexibility. Just a thought.