CommercialLeads.net - Commerical Modification Details
CommercialLeads.net - Commercial Loan Modification Details
The CommercialLeads.net Modification Program is the only complete turn-key solution for industry professionals who seek to enter the distressed asset servicing space. Through this program you can obtain comprehensive training materials, sample docs, forms and agreements as well as backend processing support and exclusive verified leads of borrowers in need of commercial workout assistance
.The Commercialleads.net Commercial Modification Program was born out of necessity brought to us by the other 18 segments of the CRE industry who use the backend of our application such as Commercial Realtors, Title Reps, CPAs and Wealth / Asset Managers. When the market turned for the worse in 2008 they started receiving requests from their clients who own commercial property in need of workout assistance.
When a commercial property owner in need of assistance due to a maturing, distressed or foreclosure scenario needs help they may and often do contact one of our partners. That partner then puts the borrower in our system so a workout / modification specialist can be assigned. The borrower receives a "verification" phone call from us to go over the loan scenario and make sure it fits the modification model. If it does fit the model, we load it to the system and make it available as an Exclusive Lead Returnable for No Answer of If the borrower Signs Elsewhere.
This program was launched in Q2 - 2008 and has grown quite a bit through the last two years. We now receive between 750 - 900 referred requests per month that pass verification and provide full training, docs, forms, agreements and processing support for those seeking to get in on this emerging market.
Below you will find details on the program training and support. Click the (C-Mod Faq's) button when you are finished reviewing below.
Call Us Today: 1.888.677.1451
Commercial Modification - Program, Training & Support Details
COMMERCIALLEADS.NET - COMMERCIAL MODIFICATION DETAILS:
* Commercial Mod Overview* Sales Training - Scripts, Strategy and Closing Tools
* Client Intake - Strategy and Eval
* CMBS vs. Portfolio - Evaluation
* CMBS Strategy - IRS, REMICS and SEC Rules
* CMBS Intake and Proposal Design
* Portfolio Loan - Evaluation
* Portfolio - Strategy
* Discussion - Commercial Valuation, CAP Rates, Debt Coverage and NOI
* Dealing with Recourse vs. Non-Recourse Loans
* Property Types - Apartments, Office, Retail, Industrial, Owner Occ
* Maturing vs. Default or Loans in Arrears
* Leverage Strategies - Recourse, PFS, Cross Collateralization etc..
* Managing Lender Relationship
* This is NOT Just a 1 Time Client
* Sample Forms - Intake, Follow Up, Proposals, Evaluation and more.
* Sales Strategy - Phone Presentation & Template Emails.
* Sample Agreements - You and Your Client
* Fee Schedules - How to property charge for services
* Legal - IRS, State Reg References, SEC and more
* Sample Case Studies
* Sample Loan Analysis Work Sheet
* Resources - legal, government & industry
COMMERCIALEADS.NET - BACK END PROCESSING ASSISTANCE DETAILS:
When a prospect is downloaded and contacted by you, the first step is to get enough information to properly evaluate their particular loan scenario. CommercialLeads.net helps you here by doing the initial analysis in writing and sending it back so you can present it to the borrower within hours of initial contact. This shows the borrower the loan scenario from the lender's point of view which helps them understand why their lender nor any other will re-write the loan as a refinance.
Once they understand the math behind it they quickly realize the only safe solution is to create a workout or modification proposal the bank will accept which will extend the current loan and buy time for them to fill vacancies while keeping cash flow coming in. For the bank it keeps payments coming in vs. a defaulted loan while we all wait for the economy to recover.
Once you are retained by the prospect CommercialLeads.net's backend processing assistance team will create the proposal and send back to you with the contact info for the person handling the file at the bank / lender. You simply send the completed proposal via email and let the process play out. From the borrower and lender's point of view you are the liaison and primary contact. From your point of view, We've Got Your Back!
