Commercial Loans: Why Get Mentored?

March 01, 2016

Do you want to be successful at something? Get mentored. In the opinion of this writer, this pertains to any area of importance in your life – not only the area of commercial investment and commercial loans, but also other key areas including how to have a good marriage, how to raise children, how to manage money, etc.

How about having a happiness mentor. You may be saying, “Get out of here” about that idea. But, I once came  across a happiness mentor who was a best selling author.

Well why not? Happiness is at the top of what people want in life.

You might ask, “Aren’t you taking it too far? Is getting mentored that important?

Well, go back a hundred thousand years and let’s say you are in a cave with your family shivering at night and you’ve been in the habit of shivering at night as far back as you can remember. Suddenly you hear some laughter and excited commotion in a neighbor’s cave. You walk in that cave, and you feel this amazing warmth as well as see this beautiful glow - the first time you have experienced fire.

Furthermore, there is a traveling caveman who is showing the previously shivering people how to make fire with flint and dry straw plus wood shavings. Now, how valuable is that type of mentoring?

To me, mentoring in the key areas of our life is in some instances just as important as having the ability to have fire.

If you are looking for a commercial loan, and you are not experienced at it, get mentored in the process.

Learning how to get a commercial loan successfully is an involved process.  Find a great commercial mortgage lender who will mentor you in the process of getting a commercial loan.

You need to learn things like:

1. What does it take to qualify for a commercial mortgage loan?
2. What does it take for a property to qualify for a commercial mortgage loan?
3. How do you choose a neighborhood that supports a good investment?
4. How do I choose the type of financing that will best suit me?

Some commercial lenders don’t want to spend the time to educate you. I recommend you stay away from them. If you lack experience, this could put you in the dark like the cave person in the story above.

Being in the dark means that you are subject to mistakes that can cost you time and money.

At Business Loan Store and Apartment Loan Store, we love to educate our customers. The president of our company Terry Painter has a degree in education and loves to teach. I have been a consultant, trainer and speaker for many years.

Contact us to see if you pre-qualify for our best multifamily, commercial, bridge, construction, or business loan rates and terms. Also, contact us if you would like to discuss your particular commercial lending needs, or if you have any questions. Call 214-695-7310, or send an email to bruce@businessloanstore.com

To discover more about our loan products as well as rates and terms, please visit www.apartmentloanstore.com, www.bridgeloanstore.com, or www.businessloanstore.com

Bruce Painter, Director of Marketing, Business Loan Store