Nonbanks are leading a paradigm shift
in commercial real estate lending
For decades, business owners who wanted to purchase a commercial property
picked up the phone and placed a call to their local bank. You might remember
when phones had round dials instead of buttons and you had to somewhat
carefully place the call. ■ Times have changed. Rotary and push-button phones
have been replaced by digital devices. In today’s want-it-right-now economy, e-mail
or a smartphone app may be the preferred way to connect to financing options.
Within this new paradigm, commercial real estate lending is rapidly changing and mortgage brokers should be aware of the nonbank lenders that are leading the charge.
By Chris Hurn
Founder and CEO
Fountainhead Commercial Capital
Photo illustration by Karen Steichen