This expansion comes at a time when the commercial mortgages industry needs it the most.
Chicago, IL (PRWEB) July 20, 2011
Recently, Commercial Mortgage Source (CMS), a Chicago based lending company, expanded its commercial lending operations in an effort to provide significantly more commercial mortgage products to nationwide real estate owners. CMS holds product and service expansion as the most important area of development for the company. Matt reed explains, "How the commercial mortgage industry is now, constantly adding new abilities and services is the only way to meet demand. There are so many great opportunities out there and our goal is supply them with the capital they need."
This expansion comes at a time when the commercial mortgages industry needs it the most. Commercial obligation refinances are having a very difficult time finding capital sources to supply them with new loans because many of the banks and traditional commercial lending institutions in the country have scaled back operations. CMS's expansion is specifically intended to target borrowers that will not be serviced by these institutions.
Commercial Mortgage Source is a commercial real estate mortgage institution which provides nationwide commercial mortgages and commercial real estate mortgages. CMS has provided billions of dollars in commercial real estate financing. Every step of the financing process is handled internally including; initial contact and advisory, document collection, capital markets proposals, negotiation, due diligence coordination, commitment negotiation, and closing.