Why Use a Mortgage Banker?

Entering the commercial real estate mortgage market as a borrower can be both a daunting and rigorous task. The lending market is filled with many seemingly similar lenders offering terms that can either benefit or potentially take advantage of the borrower. So, it is important to be able to differentiate between loan terms and options and come to a decision on who to trust and who to work with.

Real estate lending is a relationship business. Trusting your mortgage banker and relying on their advice can provide you with several benefits including access to valuable long-term lending relationships, the ability to solve complex issues, and having a dedicated asset manager at your side your entire loan term to ensure the process is smooth from first payment to last.

Below are a few points of consideration for borrowers in the market for a commercial loan:

Make sure your mortgage banker has access to a wide range of lenders: Like the home loan market, commercial loans can sometimes seem like a commodity: if you fit in a specific box, you get a specific kind of loan. A mortgage banking firm like District Capital (Dcap) has a distinct advantage due to their unique access to correspondent lenders that are not available to everyone in the lending market. Dcap works with several correspondent life insurance companies who, as portfolio lenders, can structure their loans as they see fit. Unlike many traditional lenders, they can offer flexibility in prepayment, recourse, reserves, escrows, and locking the interest rate at the time of application, ensuring there is no interest rate risk to the borrower.

Make sure you are working with an experienced team: A trusted, well-experienced team of mortgage bankers, closers, and servicers makes all the difference in being able to successfully negotiate and close a loan. District Capital offers a vast knowledge of all facets of the real estate market including, legal documentation, title, property and casualty insurance, lease reviews, master and special servicers and environmental concerns. This deep institutional knowledge of the market ensures our borrower gets the very best execution in the market place.

Work with mortgage bankers with a strong, ethical track record: We can’t stress this enough. As in any industry, there are always going to be firms who are pretenders. We like to put our money where our mouth is. Ask Kevin about the time he posted a borrower’s application deposit when the borrower was a little light that month! It’s not unusual for us to think outside the box to get deals closed. We drink coffee because coffee is for closers. Ask around. The real estate market is very small. In short order you will learn that the people of this firm can be trusted and are well respected within the industry.

Why Dcap?

  • Non-recourse financing options
  • Lock rate at application
  • Terms – Floating Rate to 40 Year Fixed
  • Minimal to no reserve structure
  • We service our loans in-house by one of the most well-respected servicing people in the industry, Crystal Kalinowski
  • Nationwide coverage in the US on all commercial and multi-family real estate
  • Loan sizes from $1 Million to $100 Million+

January Capital Markets Updates

The team at District Capital wishes everyone a Happy New Year and a safe and prosperous 2021! We want to thank our clients, lenders, vendors, affiliates, friends and family for the continued support and business during this last year. We understand...

June Capital Markets Update

District Capital is very grateful to have stayed busy during the Covid-19 pandemic. A big THANK YOU to our patient clients and resilient lenders for the extremely productive quarter. District Capital was fortunate to have closed over $100,000,000 in...

April Capital Markets Update

We hope this market update finds everyone safe, healthy and caught up on all your favorite Netflix shows! As the days quarantined continue to mount, and our patience diminishes, we wanted to keep everyone up to speed with what we are hearing on the...

March 27th Capital Markets Update

Wow, what a difference a week makes. While the stock market is running, the capital markets have aggressively shifted to the negative with spreads continuing to be wide. The Fed’s recent actions seemed to have stopped some of the...

From the Desk of Kevin Kovachevich

On behalf of the District Capital team, we hope this message finds you and your families well. We understand the hardships this pandemic has caused, and the abrupt changes we all face in our day to day to lives. We've spent these last few days...

Life Company vs Bank Financing

  Did you know... District Capital has relationships with many alternative resources for real estate financing other than banks or credit unions. If you like low long term fixed rates, low transaction costs, no loan covenants...

Neil Gorosh Joins the District Capital Team

Neil Gorosh is thrilled to be reunited with his former colleagues who have formed District Capital, LLC, a full-service commercial mortgage banking  firm located in Midtown Detroit. Neil will act in the capacity of Managing Director and General...

Servicing Insights

Everyone always asks, why do lease reviews and approvals take so long? One of the most frustrating day-to-day servicing issues encountered by Borrowers is the lease review and approval process.