Commercial Finance Brokers (CFB) have over ten years specialist experience in the commercial sector, and will provide a service enabling you to earn additional revenue by offering commercial finance to your clients. CFB will also ensure that any life cover, key man, or share protection required by the lender is passed back to you, thereby increasing your core business.
Benefits of using CFB:
CFB have agreed a market-leading fee share with PMS. After the initial meeting/telephone interview, CFB charge an introduction fee of £395. They then charge a 'success only' fee of 1% (less the initial £395) of the loan amount. 40% of this fee is paid to the introducing adviser upon successful completion of the loan.
If a procuration fee is paid by the lender on completion you receive 40% of this as well. With the average Commercial Mortgage being £200,000 you could receive over £1,000 in shared fees.
Commercial clients may need to raise capital against residential property to achieve the deposit required by the commercial lender. However, CFB don't sell residential mortgages and will not offer any other financial services products. They will also contractually ensure that their lenders will not cross sell any products or services to your clients.
Some of the funding available includes:
- Commercial mortgages and remortgages
- Property development finance
- Nursing home finance
- Restaurants, guest houses, pubs, clubs and hotel financing
- Agricultural loans
- Professional practice buyouts and buyins (including IFA businesses)
- Invoice discounting and factoring
- Bridging finance
- Shop finance (purchase, refitting and development
- Payroll finance
To start using this service, register with CFB at www.pms.cfbuk.com or call them on 0845 434 6131.