Does the commission on commercial mortgages go down?
Question : Does the commission on commercial mortgages go down?
Does the commission on commercial mortgages go down the higher the amount of the mortgage. On a 25mil mortgage what is the standard commission rate? What is the commision rate on line of credit?
commercial mortgage rates
Best answer:
Answer by Junius L
On most of my commercial loans over 10 million, I’m charging a flat fee of $ 25,000. That’s about what the industry average is. A line of credit doesn’t change anything. It’s still the same commission.
One of clients had a $ 15 million loan on a hotel and paid his last broker $ 68,000 in commission. Just ask them what the fee is and if it’s too much, backout and find someone else.