When David showed up at the battle and went out to meet Goliath, he was simply being bold in his faith in God. His brothers criticized him for essentially being cocky and thinking he was something he was not. Boldness, especially for God, is often misconstrued.
Why do I share this? Because long ago I trusted God with my business, He is the source of my cash flow. So, I will brag on my Lord for a minute-the MBA’s Commercial Mortgage Origination Rankings for 2024 just came out. My company ranked #39 on the list with 114 closings last year! The companies that ranked above us are names you know, Wells Fargo, Chase, Bank of America, and JLL. These are companies with thousands and often tens of thousands of agents. Companies that closed fewer loans than us you also probably heard of, TD Bank, Barclays, New York Life, State Farm Life, and many more. That’s right, I singlehandedly closed more commercial loans than TD Bank or Barclays- entire banks! WOW. Praise the Lord!
When I say Commercial Capital Ltd. is the number 1 closer of commercial loans in the country, I don’t know how it can be disputed. In numbers of loans, not volume, no one beats us.
Now if you go by origination volume we are down at 111, still in the top 125 out of the thousands of banks and mortgage companies in America but that is because the average loan size of these other firms above us is north of $10 Million per loan. We average under $1 Million per loan. YES, you make 10 times more money for the same work doing the larger loans, so most borrowers with a smaller loan are disregarded by the big banks. But we ARE a small business and we still FIGHT for small businesses. Of the 111 loans we closed, 80% of them tried somewhere else first and after many weeks, got denied and got referred to us. All of our loans are referrals, you won’t see a billboard with my face on it.
Often we closed these denied loans at the same rate or better. If they would have come to us first, they would have saved themselves 6 weeks of anguish. We give approvals in 72 hours and my follow-up is legendary. I grew up in CO and I remember all the pizza places had the same delivery box, it was white corrugated cardboard and it said, “You tried all the rest, now try the best”. Well guys, you can refer your customers to the rest, or you can simply try the best. Run your deal by us today.
Give us a call today to discuss your commercial finance needs or get started by filling out this form!
Karen Schimpf
(512) 358-1511