Broker Registration
We welcome brokers but not jokers!
If you are representing or submitting a loan on behalf of your client, please register below for fee protection.
This process eliminates confusion and provides you with free protection.
We require that all Brokers register for fee protection and to eliminate any confusion regarding fee.
There are 3 types of brokers that we generally deal with.
- Brokers that have written fee agreements with their clients.
If you have a written agreement, we require that it be notarized or has a corporate seal on it.
Why, because we have had clients the stated that the fee agreement was not authorized and that the signature on the agreement was a fraud. By having a notarized document or a corporate seal, eliminates this confusion.If this happens, our funders will walk away from the funding rather than to enter into litigation. Everyone loses!
- Brokers that have verbal agreements with their clients. Verbal agreements a not valid. We strongly encourage all brokers to obtain written agreements. If you don't have a fee agreement or any documentation to validate your fee and you need a fee protection agreement. contact us and we can prepare a fee protection agreement for you for a $50.00 fee. Contact us for details.
If you do not have an agreement, we commit to splitting our fees with you 50/50 on all the transaction that we fund together.
We cannot commit to a specific fee percentage or amount unless you have a written fee agreement. Even in those cases, the fees can't be so excessive that they kill the deal.
We require all brokers to adhere to the following processes.
- Make sure you are authorized to submit the project.
- Review all submission before submitting them to us.
- Submit your project online
- Attache all the documents at once.
We require the following documents in order to give a project serious consideration.
Real Estate Deals
- Executive summary
- YTD/ Current Rent rolls and Income Expense Statements
- 2 Yrs Income Expense Statement
- Interior and exterior photos
- As much historical financial data as possible
Our "Agent Conflict Resolution Policy
Once we receive your submission, we will check to see if it has been submitted already.
This search is done by the information you provided during the registration process. We will check your name, your company's and the property address.
If your property has been previously submitted, we will notify you of that fact and provide you with the name of the submitting party.
If you have an exclusive listing and your property has been previously submitted by someone else, illegally. Simply send us your documentation.
Upon receipt and review of your documentation, we will request the same information from the other party. The party with the valid information will be the party we work with.
In the event that both parties have valid documentation, we will work with the party that submitted the property first!
We will adhere to “FIFO” Rules.