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How to Identify a Genuine Commercial Lender in Houston

The best way to choose commercial non-bank lenders in Houston, TX, is to ensure that they are direct lenders. You will do well to apply directly to the lenders, rather than opting for a broker or intermediary lending firm that promises to put you in touch with prospective lenders.

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How to Identify a Genuine Commercial Lender in Houston

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  1. How to Identify a Genuine Commercial Lender in Houston Choosing a commercial lender in Houston, TX, can be challenging if you are new to this as private lenders often do not enjoy the accreditation that banks do. Nonetheless, there are certain parameters you can check to ensure that the commercial lender is genuine and you are not dealing with a fake. Here is how. 

  2. Exorbitant Fees • When you start researching potential commercial lenders, you will come across certain fees and prices that almost all of them charge from their clients. However, there is usually parity between the rates. In the case of large commercial loans, there is often a cost of underwriting involved, which could lead to an upfront fee payment.

  3. Direct Lending  • The best way to choose commercial non-bank lenders in Houston, TX, is to ensure that they are direct lenders. You will do well to apply directly to the lenders, rather than opting for a broker or intermediary lending firm that promises to put you in touch with prospective lenders. More often than not, they will add their fees to the rates charged by the original lender, which will increase your cost.

  4. Lack of Portfolio • A successful commercial lender will have an impressive portfolio and should be able to offer guidance and loans on a wide range of areas like bridge loans, ground-up construction loans, small balance commercial loans, land development loans, fix-n-flip loans, and more. They should also be able to offer a list of past clients they have dealt with and properties they have financed. 

  5. Registration • Trustworthy commercial lenders in Houston, TX, will always register with state agencies or organizations like Better Business Bureau. You can go through the reviews posted on the website. A registered company will never tell you to indicate that your income is higher than it is or asks you to apply for more money than you need. 

  6. Contact US • Company Name: Vista Funding LLC • Company Number: +1 713-589-2866 • Company Address: 5100 Westheimer Rd Suite 200 Houston, TX 77056 USA • Company Website: https://www.vistafundingllc.com/

  7. Thank You

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