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FAQ
Q. Are you a broker or a lender?
A. We consider ourselves a "super-broker" and consultant for your commercial, hard money, or alternative loans.
Q. How do I get paid?
A. We sign a fee agreement with you that determines any split of fees at the time of closing, usually based on a percentage, not points.
Q. Do you call my borrower?
A. Once the fee agreement is in place, we prefer to do a conference call with you and your borrower and any other concerned parties.
Q. Do you require upfront fees?
A. The Madison Group requires an upfront fee of $500 on most transactions for initial processing, scanning and packaging, and pre-underwriting.
Q. What size loan do you do?
A. Our minimum loan size is $500,000.
Q. What are the rate/terms of the loan programs?
A. Few loans are created equal. We will help you price loans individually and help you understand terms. Rate/terms are based on credit, loan size, LTV etc. |
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