Wilmington, DE, December 14, 2012 --(PR.com
)-- Tower Lending (http://www.towerlending.com), one of the nation's leading online commercial mortgage brokers, has decided to reduce their origination fees during the 2012 holiday season. As of December 6, 2012, qualified borrowers will have the standard retainer fee waived on all commercial transactions with loan amounts under $1,000,000. Tower Lending's pool of commercial mortgage lenders offer some of the lowest commercial real estate loan rates in the industry. The historically low interest rates (http://www.towerlending.com/commercial-real-estate-loan-rates) being offered, in most cases, present borrowers looking for commercial financing with major financial benefits.
Commercial Mortgage Brokers like Tower Lending have realized the myriad of benefits that come from offering borrowers low cost commercial mortgage refinancing and purchase options. These benefits apply to various commercial property types including Apartments, Agricultural, Automotive, Churches, Hotels / Motels, Industrial properties, Land, Golf courses, Marinas, Hospitals, Clinics, Mixed Use properties, Mobile / Manufactured home parks, Multifamily properties, Office buildings / complexes, Office condos, Parking lots, rehabilitation facilities, retail, self-storage, and special purpose buildings.
In the past, the lowest commercial mortgage rates would come with unreasonably high origination costs which would offset the financial benefits of receiving a low interest rate. Tower Lending's fee waiver may result in lower profit margins for the company, but the lost revenue will be made up by an increase in commercial mortgage loan origination volume.
Tower Lending hasn't just waived the retainer fee but is also offering a variety of other discounts depending on the specific loan structure. For example, all brokered private money and bridge loan transactions will receive a 50% reduction on standard loan origination costs. Discounts also apply to other loan types including refinance, purchase, acquisition and development, bond, new construction, join Venture, mezzanine, and rehabilitation loans. The best way to learn about existing discounts is to speak with a loan officer from Tower Lending directly at (707) 27-TOWER. Tower Lending's loan officers are available Monday through Saturday and are always eager to help with all aspects of your commercial mortgage transaction.
It is important for commercial borrowers considering a refinance to act quickly since Tower Lending's holiday discounts will expire on 12/31/2012. More information about Tower Lending's loan programs and interest rates can be found on the company's website http://www.TowerLending.com
About Tower Lending:
Tower Lending is a Commercial Mortgage Broker with access to hundreds of lenders (http://www.towerlending.com/commercial-mortgage-lenders) allowing them to lock in the best possible terms for your commercial transaction. Their customer service is considered to be the best in the commercial mortgage business. Tower Lending is headquartered in Wilmington, Delaware and is a division of DealUpload, Inc. They are a national leader in online commercial mortgage brokering. Loan officers are available Monday through Saturday by calling (707) 27-TOWER. Borrowers can apply by phone or online at http://www.TowerLending.com/.