What a Commercial Mortgage Broker Does
A commercial mortgage broker shops a borrower's loan request across a network of lenders — banks, credit unions, CMBS platforms, life companies, SBA lenders, and bridge lenders — to find the most competitive terms. Unlike residential loan officers who work for a single lender, commercial mortgage brokers have access to dozens of capital sources and structure loans based on property fundamentals and sponsor strength.
Key Responsibilities
- Analyze the property, sponsor, and loan request
- Structure optimal loan (rate, leverage, term, recourse)
- Shop the deal to a network of commercial lenders
- Prepare loan packages and financial statements
- Manage the underwriting process through approval
- Coordinate loan document review and closing conditions
When You Need One
Before or shortly after an LOI is accepted. Financing contingencies in the PSA require a committed timeline — engaging a broker early ensures the loan is underwritten in parallel with due diligence.
Typical Cost
Typical origination fee: 0.5%-1% of loan amount, paid at closing. Some brokers earn yield spread from the lender instead.
How MaxLife Works With Them
MaxLife Development (NMLS #1784218) is a licensed mortgage loan originator for commercial real estate. We source loans for NNN acquisitions, construction projects, and portfolio financings across our network of Florida banks and national lenders.