At Sovereign Realty Advisors, our primary responsibility is to help clients find the most suitable loan products for their specific needs, whether for commercial real estate or business financing. We offer these key points to our clients:
1. Client Consultation
- Understanding Needs: We begin by assessing the financial needs and goals of the clients. This includes reviewing the type of loan needed, the amount of financing required, and any unique circumstances (e.g., credit score, assets, income).
- Explaining Options: Explaining various loan products, terms, interest rates and repayment options, ensuring they understand the implication of each option.
2. Research and Loan Comparison
- Access to Multiple Lenders: We work with a network of banks, credit unions, private lenders, and other financial institutions.
- Comparing Offers: Based on the client’s profile, we compare different loan offers from various lenders to find the most competitive rates and terms.
- Customized Solutions: We can help tailor loan structures to meet the specific needs of their clients (e.g., longer amortization periods, interest-only loans, etc.).
3. Facilitating the Loan Application Process
- Application Assistance: We help clients gather the required documentation for loan applications, such as financial statements, tax returns, credit reports, and property appraisals.
- Submitting Applications: We assist in completing and submitting the loan applications to lenders, ensuring that everything is in order and meets the lender’s criteria.
- Prequalification: Many brokers can help clients get pre-qualified or pre-approved for financing, which can be crucial for real estate transactions or business funding.
4. Negotiating Terms
- Better Loan Terms: A broker’s relationships with multiple lenders often allow them to negotiate better terms (e.g., lower interest rates, reduced fees) on behalf of their clients.
- Advocacy: We advocate for our clients during the underwriting process and communicate with lenders to resolve any issues or concerns that may arise.
5. Closing the Loan
- Finalizing the Deal: Once the client has selected the loan that suits their needs, we facilitates the closing process by coordinating with all parties involved (e.g., lenders, underwriters, and lawyers).
- Ongoing Support: We also provide ongoing support, helping clients manage their loan and advising on future refinancing options.
6. Specialization
- Commercial Financing: We focus on commercial loans, which are typically more complex and involve larger amounts.
In summary, Sovereign Realty Advisors simplify the loan process for clients by connecting them with suitable lenders, navigating complex loan products, and securing favorable terms on their behalf.