Our Detailed Loan Process....

Stage 1:  Complete our Simple Commercial Loan Submission Form.   
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.....by completing our simple Commercial Loan Pre-Approval form. You'll only need a few minutes of time, but please be as thorough as possible in completing the commercial real estate transaction information required.

In order to streamline the process, you'll need to have the following available:

  • Loan and property details--these details will help us understand your commercial lending needs, including the loan purpose, requested loan amount & desired terms.
  • Contact details---Name, address and telephone number must be provided along with the best time for our Commercial Lending Specialists to contact you.
  • Credit Score-- your borrowers' credit score helps us determine the best loan option can qualify for.

Next Stage--upon completion, you'll proceed to Stage 2:  Qualification & Pre-approval 

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Stage 2:  Qualification & Pre- Approval
Once your request is received, your Commercial Lending Specialist will contact you to discuss your clients' needs, determine the perfect commercial loan solution, and help you complete our simple commercial loan submission package. Once your sumbmission is received, a written Conditional Pre-approval Letter will be issued within 48-72 hrs, specifying:

  • Loan Amount
  • Interest Rate
  • Documents required for underwriting
  • Documents required for closing
  • Estimated Fee for Appraisal
  • Summary of costs
  • Summary of Your Fees (originating broker)

    Send Supporting documents. Your  Commercial Lending specialist will determine what documents based on your loan program are needed to process your loan. These may include bank statements, tax returns, pay stubs, rent rolls and operating statements. Timely submission of these documents will ensure a quick closing. Keep in mind that any delay in submission of the requested conditions will most likely delay the commecial loan approval process.

    Next Stage; Once you have completed the qualification & approval step, you'll proceed to Stage 3. "Parallel Processing"

    Stage 3:  Parallel Processing

    After your signed Conditional Pre-Approval Letter is received and the Appraisal deposits have been remitted, the parallel underwriting processes will begin.

    Due to our simplified loan processes, closings typically occur within 30 to 45 days. The key ingredient of this speed, and advantageous with Nationwide Commercial Lenders is the parallel processing we offer while simultaneously completing the Appraisal, Title, and Environmental Due Diligence requirements, ultimately saving you time and money.

    During this stage:

    • Appraisal is engaged
    • Title is ordered
    • Loan is reviewed

    You may need to present the following:
    * not required when applying for a NC Express Loan

    • *Last 2 months bank statements, plus recent statements from stocks, bonds, mutual funds, as well as any retirement funds such as 401(k) and IRA. This information is useed to determine availability of liquid assets
    • *Last 2 yrs personal tax returns, W-2/ 1099 and business tax returns (or Profit & Loss if tax return is not available). These documents contain information we usse in processing your loan request.
    • *Pay Stubs for the last 30 days prior to funding
    • Last 12 months payment history for your primary residence & subject refinance loan
    • Schedule of rental properties owned indicating amount of liens, gross rental income, operating expenses (including taxes and insurance), and current mortgage payments

    Our Commercial Lending Specialists work closely with you to collect the appropriate documents, keep you updated on your loan, and ensure it closes in a timely and professional manner.

    Next Stage:  Upon completion of the parallel underwriting process, your loan will move to the next and final Stage 4:  Closing and Funding

    Stage 4: Closing and Funding:
    After your loan is approved and the terms finalized, it is time to close your commercial loan!

    At this time, you can expect:

    • Loan documetation to be prepared, sent to a closing agent in your area and set a closing date. All the required documentation will be signed and the closing agent will arrange to dispurse your money.
    • Disbursement of funds!

    The Nationwide Commercial Advantage:
    From first contact until closing, our exceptional team of professionals guide you through our simplified lending process. With reduced paperwork, accelerated processing, and loan programs that meet a variety of needs, Nationwide Commercial Lenders is committed to offering lending solutions that are unparallelled in the commercial lending industry.

    With Nationwide Commercial Lenders, it's that easy!


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    Need Help or Advice....?   305-704-8224