Syracuse Securities Inc. offers low, fixed rate commercial real estate mortgages to Central New York and New York State borrowers.

Please read the information below to learn more about how Syracuse Securities Inc. might help you obtain a low fixed rate mortgage quote, and, confidentially, discuss your commercial mortgage financing transaction, based on your personal needs! To apply for a commercial mortgage please fill out our Commercial Mortgage Online Application.

Why use a commercial broker when I can walk into my bank?
Did you know that 95% of all commercial transactions that are closed in the largest markets (New York, Boston, LA) are closed by commercial mortgage brokers?

"But why do I need you when I can just walk into my bank?"
You may be asking yourself this same question or have been asked this by your clients. The reasons why it is a “win-win-win” for all parties involved are the following:

1. Banks in larger markets don’t always have staffing to meet clients who are trying to get a loan. Many banks rely on brokers to “feed” them business. They don’t have to pay us a salary, office, medical, etc. In return they pay brokers for the loan once funded.
2. The client doesn’t have to waste their time going to different banks, filling out form after form, being shuffled around to different people within the bank. Clients let the broker handle this and in return pay them for their service. Clients in short use their time better in finding the “next deal”.
3. A good mortgage broker knows where to get the best financing and knows where not to go. This is just as important as it eliminates a lot of wasted time. I recently received a loan request from a client seeking financing for a hotel. I noticed that the purchase offer had been expired for weeks. I asked why has it taken so long to get financing in place? He told me his local banker had the file for two months, gave him the run around and told him at the 11th hour they don’t do financing for hotels. We were able to secure this client more attractive terms with our national lenders and even offered him a choice of lenders that were willing to do the loan.
4. Brokers have the ability to “shop” your mortgage request around with many different sources of lenders. The more knowledgeable the broker the more sources they have thus a higher chance of getting the file to close.

Is there money still out there?
While its true it is harder to obtain a commercial mortgage in today’s market, not all is so bad. There are many different lending sources still in the game. At Syracuse Securities we have a network of lenders both locally and nationally excited to invest in CNY/NYS real estate to which we broker our mortgages. Life Companies, Pension funds, local banks and credit unions, FNMA, HUD, Freddie Mac, to name a few. We also have a group of private investment funds that that look to us to show them our mortgage requests.

If you are having trouble, or , for your clients in getting commercial financing why not spend 5 minutes discussing your needs with us? You can also fill out our Commercial Mortgage Online Application here.

Jerod Schoonmaker
Syracuse Securities, Inc
1010 James Street
Syracuse NY 13203
315-424-0218 ext 265
800-448-3200, x 265
jschoonmaker@ssimortgage.com