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dcnationolo
16 Posts |
 Posted - 02/12/2008 : 2:21:52 PM
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I suddenly have commercial deals comming my way and I can't pass them up... do I need a special license to sell and close commercial loans?
Thanks for the help....
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KHufford
6019 Posts |
Posted - 02/12/2008 : 2:24:15 PM
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Yes you need a special license and it is HARD to pass the test. Send them my way, I can help you get em done!  |
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dkendall1979
10342 Posts |
Posted - 02/12/2008 : 2:32:00 PM
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| To act in a broker capacity, yes. however, you can treat it as a business transaction and put a corp. to be paid through the HUD for services. |
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danielk369
423 Posts |
Posted - 02/12/2008 : 2:33:06 PM
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No, you don't need a special license to do commercial, in fact, you don't even need to be licensed in the state in which you choose to do a commercial loan. I can help you with your commercial deals, we offer a wide variety of programs. Let me know if you have any questions and I can help you fund these deals and get paid, thanks,
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dcnationolo
16 Posts |
Posted - 02/12/2008 : 3:03:41 PM
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Thanks... Now I feel I should ask if there are some magic beans for sale.. I heard it was worth the investment!
Thanks though.... |
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KHufford
6019 Posts |
Posted - 02/12/2008 : 3:10:07 PM
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I was just kidding.
No license needed. Are you familiar with where to look for the right lenders on commercial deals? Are you familiar with what is needed to submit a file and how to tell if you have a do able deal?
If not, you may want to co - broker the deals with someone more experienced that has the sources to fund commercial deals.
There are some good people here to work with and a lot of bad ones. If you want any help call me, especially if you have any in AZ.
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dcnationolo
16 Posts |
Posted - 02/12/2008 : 3:15:17 PM
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I have a very select group of customers... They are business owners that have substancial cash flow, but lease the locations they do business... They have good credit and have been in business for 2+ yrs... is there anything for them?
Thanks |
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brandie
3260 Posts |
Posted - 02/12/2008 : 3:15:47 PM
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quote:
Originally posted by KHufford
Yes you need a special license and it is HARD to pass the test. Send them my way, I can help you get em done!
Kyle
You are evil! LOL |
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jskolnick
233 Posts |
Posted - 02/12/2008 : 3:45:30 PM
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| Each state has different rules. Check with the Banking Department and the Secretary of State in the state where you are going to work. They will tell you if you need a license and if so which ones. |
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danielk369
423 Posts |
Posted - 02/12/2008 : 3:57:39 PM
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quote:
Originally posted by dcnationolo
I have a very select group of customers... They are business owners that have substancial cash flow, but lease the locations they do business... They have good credit and have been in business for 2+ yrs... is there anything for them?
Thanks
What are they trying to do? Please call or e-mail me to go over this more in depth. I would like to help you out with this, thanks,
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KHufford
6019 Posts |
Posted - 02/12/2008 : 4:00:01 PM
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quote:
Originally posted by dcnationolo
I have a very select group of customers... They are business owners that have substancial cash flow, but lease the locations they do business... They have good credit and have been in business for 2+ yrs... is there anything for them?
Thanks
Yes,
What do you mean? Do they need to buy office locations or something? Credit lines? What are you looking for... |
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ComLender
1266 Posts |
Posted - 02/13/2008 : 10:41:05 AM
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| Not typically. Feel free to call or e-mail me to discuss any deals, what we can do, and how you'd get paid. |
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kenvphan
452 Posts |
Posted - 02/13/2008 : 12:44:47 PM
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| Funny.. Can I also get an order of magic beans. |
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CoolMtgGuy
3725 Posts |
Posted - 02/13/2008 : 1:46:40 PM
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I'm amazed at the "authoritative" asnswers to the question. The fact is that in some states (CT for example) no license is required to do commercial financing deals while in others (FL - with exceptions) a license is required.
The question is too generic hence the answers are all over the place. Some funny, some serious and others ... well ...
If you want to take another stab at re-phrasing the question with more details, you may receive reliable answers.
Good luck. |
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