Mortgage Brokers – Valued Allies
Romspen values mortgage brokers as an important component in our business origination and transaction processes. Commercial mortgage brokers and their clients benefit from Romspen’s depth of knowledge, our ability to meet tight funding deadlines, and our protection of fees in the closing process.
Loan Application Process
An initial loan application typically contains the following:
- Executive Summary
- Loan Amount Requested
- Sources and Uses of Funds (including the Capital Stack)
- Requested Term (to match stabilization or construction/development timeline)
- Amortization (if any)
- Property Description
- If Land – existing use, zoning, entitlements
- If Construction – approvals, budgets, pro forma
- If Bridge/Acquisition/Refinance – purchase agreement, deposits/earnest money, cash equity
- Borrower/Guarantor (sponsor experience and bios)
- Exit Strategy
- Mortgage Brokerage Licence Number: 10172
- Mortgage Administrator Licence Number: 11600
