Streamlined Commercial Real Estate Financing Solutions
Don Hinton provides consulting, advisory, and loan brokerage services to his clients. He is neither a correspondent to lenders nor a mortgage banker. He does not service loans for lenders and receives no residual income streams from the placement of loans. He represents his clients exclusively and has total flexibility to place a loan with any of the several lenders that he has established relationships with or to seek new lenders that can provide the best lending solutions to his clients.
His goal is to simplify the process of financing his client’s commercial real estate. The commercial real estate finance marketplace is very complex and decentralized. Each lender has its own preferences as to property type, loan type, pricing, terms, and conditions. He takes the time to fully understand the asset to be financed as well as the goals and objectives of his clients to find the best lender and the best loan available.
He has sources for term loans, bridge loans, and construction loans for virtually every property type (office, retail, industrial, multifamily, special purpose, and owner occupied). He also has sources for construction loans to develop for-sale housing projects (single-family tract, condo/townhouse, or PUD).
The services provided by Don Hinton include but are not limited to the following:
- Physical inspection of subject property.
- Review of existing and potential income streams and expenses. This will include a review of historical operating statements, entity tax returns, rent roll (multifamily) or existing leases, lease abstracts and lease summary (commercial).
- In the case of bridge or construction loans, this will also include a review of proposed improvement plans, construction budgets, and other relevant information specific to the project.
- Estimation of project value (as-is and stabilized). This will include a review of comparable property sales, lease/rental rates, and market capitalization rates.
- Estimation of loan amount.
- Work with borrower to determine their goals and objectives with the property and help the borrower to determine the best loan structure to accomplish those goals.
- Discussion of possible lender recourse requirements with the borrower.
- Preparation of a loan request package to prospective Lenders that details the subject property (location, description, pictures, etc.), loan request and structure (loan amount, loan budget, loan type, loan term and preferred interest rate), net operating Income, estimated debt coverage ratio, estimated value, and highlights of the borrower’s financial condition and experience. The loan request will be tailored to meet each lenders requirement, and therefore may differ from lender to lender when multiple lenders are approached. Each loan request will be reviewed for accuracy by the borrower and approved by the borrower prior to submission to the lender.
- Review of loan proposals from lenders with the borrower and assistance in selecting a loan proposal.
- Review of letters of interest and/or loan applications with the borrower.
- Assist the borrower in providing all requested information to the selected lender.
- Tracking lender progress throughout the loan approval process.
- Assist the borrower in reviewing loan documents for the purpose of comparing the loan terms set forth in the loan application with those set forth in the loan documents.
- Following up with lender and borrower until the loan closes providing assistance as required.
All services are provided for one fee, which is earned at loan closing. He does not require a deposit from his clients to cover any cost related to the services provided. His clients are not obligated to accept any loan proposal from any lender or to close any loan. If a loan does not close, he does not get paid
