Frequently Asked Questions

At First Commercial Mortgage, we are pleased to answer any questions that you may have.  We have addressed some of the most frequently asked questions from over the years.  Please feel free to call or email us if we can be of any further assistance.

Q: What makes First Commercial Mortgage, Inc. different from its competitors and one of the best sources for securing commercial property financing?
A: In addition to providing the most desired loan programs, we provide borrowers with many benefits, options and of course, a true mortgage banking relationship.  We want to close your loan and have you as a repeat borrower.  It's that simple!

Q: What is the time frame?
A: You can expect a response within 24 hours and we strive to close all loans in less than 45 days.

Q: What fees and costs are involved?
A: Fees and costs vary with each program.  We will provide the most competitive overall deal in the market.

Q: What information do I need to supply to get a quote?
A: Generally, we would need to receive a property description, income and expense data, a current rent roll (for multi-tenanted properties) and several property photos.

Q: Do I need to send any money to receive a quote?
A: Never.  We will (without any obligation to you) immediately review the data and give you a quote.

Q: Will you review a deal before we finalize a purchase contract?
A: Absolutely!  Many times, borrowers will get our feedback to assist them in understanding a deal or to confirm the underwriting cash flow.  We want you to feel that you have a friend in the business that you can consistently rely upon.

Q: What can I expect from start to finish?
A: Quick responses, unbiased feedback, great benefits, competitive rates and a company that earns your business and trust.