CommercialMortgageRates.co is owned by C-Loans, Inc., and the site is offered for free to commercial mortgage borrowers, commercial mortgage brokers, and other users. This is a terrific deal because we provide you with a searchable databank of hundreds commercial mortgage lenders, a databank that costs us many thousands of dollars per month to maintain.
By using this site, you specifically agree that C-Loans, Inc. is not your mortgage broker or your agent. This understanding and agreement is of material importance to us. Here is just one example why: Suppose you buy a commercial property that turns out to be polluted with toxic contamination. Further suppose that Federal or state authorities later hit you with a $175,000 clean-up bill. It would be grossly unjust for you to claim in a lawsuit against us that we failed to advise you to get a Level I toxic report (or flood insurance or a roof inspection, etc.) when CommercialMortgageRates.co is just a mindless computer program that provides users with a free list of suitable commercial mortgage lenders. Remember, in many cases no one from C-Loans, Inc. will ever even look at your deal.
By using our database, you agree to several other things. First of all, you agree to be contacted by phone, fax, and email by C-Loans, Inc. and its affiliated / related companies, such as, but not limited to, Blackburne & Sons Realty Capital Corporation, my own private money commercial mortgage company (established 1980). This is how we pay for the site. The site generates commercial mortgage leads for my loan officers.
Secondly, you agree to allow us here at C-Loans, Inc. to forward your lead to up to six banks or commercial mortgage companies. Some commercial mortgage lenders pay us a fee for between 25 and 50 basis points if the deal closes. Other lenders may pay us a small, flat fee of a few dollars for the lead. Some commercial mortgage companies pay us a combination of the two. You hereby authorize these six banks or commercial mortgage companies to contact you by phone, fax, and/or email in hopes of competing to make you a commercial mortgage loan. If you actually need a commercial mortgage loan, this is a good thing. Make them compete against each other.
You also agree to be solicited by C-Loans, Inc. and her related / affiliated companies; including, but not limited to, Blackburne & Sons Realty Capital Corporation; regularly by phone, fax, and email regarding doing future business together. Mortgage brokers and real estate broker can expect to be solicited regularly by fax and email. "But George, what if I don't want you calling me, faxing me, or e-mailing me?” Enduring our first advertising email and / or fax is your cost of using CommercialMortgageRates.co. You cannot "opt-out" of our first advertising email or advertising fax.
After the first solicitation, you will be provided an 800 number and an email address whereby you can opt out; but you will probably want to stay on our marketing lists. Most of our customers would agree our newsletters are hilarious and sometimes fascinating. We always include tons of jokes, funny pics, and interesting stories in our advertising pieces. This is why we insist that you at least see one of our marketing newsletters before opting out. If this freaks you out, simply do not use CommercialMortgageRates.co the first first time. But you shouldn't be freaked. This is all good, clean business and fun.
We do not offer privacy protection on CommercialMortgageRates.co, and we reserve the right to sell and swap the lists we compile. Once again, this should not freak you out because, as you will see, we do not gather a whole lot of personal information on CommercialMortgageRates.co. I guarantee you that the big on-line marketing firms - and even your own cable TV company - knows fifty times more about you than we will be able to glean from your use of CommercialMortgageRates.co. In any case, hardly no one ever offers to buy or swap for our compiled lists.
Finally, you hereby agree to indemnify, defend and hold C-Loans, Inc.; its officers; its directors; its employees; its agents; its related / affiliated companies and its marketing partners; harmless in connection with any claims or causes of action related to, or arising out of, fax broadcasts or any dispute between the borrower, mortgage broker and/or lender regarding application fees, commitment fees, third party reports, loan commitments and/or up-front fees of any kind.
While C-Loans works hard to screen out advance fee scammers, bad people - despite our hard efforts to police the system - still occasionally slip through. C-Loans, Inc. therefore makes no warranty as to the legitimacy or honesty of any commercial lender or commercial mortgage broker listed on, or receiving leads from, CommercialMortgageRates.co. Therefore, please be sure to do your own due diligence, and please be sure to carefully read any term sheets, conditional commitment letters, and/or loan broker fee agreements to determine in advance under what circumstances you are entitled to a refund of any advance fees, good faith deposits and/or third party reports. If something smells fishy - such as a generous loan offer at a rate almost too good to be true - please contact Tom Blackburne at 916-338-3232 or firstname.lastname@example.org before sending in a large up-front fee.
Please don't let this legal mumbo-jumbo scare you. C-Loans, Inc. is the sister company of Blackburne & Sons Realty Capital Corporation, a well-known private money commercial mortgage company that has been in business for over 35 years. For almost three decades we have managed tens of millions of dollars in mortgage investments for elderly private investors. We're reliable, steady-Eddy folks.
Thank you for being a customer of CommercialMortgageRates.co. If you need a commercial mortgage loan, after using our free portal for the first time, you are going to feel like you have stumbled into commercial mortgage loan heaven. As you will soon see, CommercialMortgageRates.co is fabulous. Prepare to drool.