How is Exponential Commercial Finance different from my bank?
At Exponential Commercial Finance, our two main goals in any transaction are 1) to create a competitive environment that forces capital sources to compete for the borrower’s loan and 2) to manage the transaction workflow so the borrower can focus on executing their business plans.
Banks are constrained by loan products and underwriting guidelines that don’t necessarily fit the borrower’s needs. The Bank’s loan officers are incentivized to maximize profits while pushing as much of the risk as possible onto the borrower. Banks also force borrowers through a variety of hoops and typically provide only limited assistance managing transaction workflow.
Our approach is fundamentally different. Our fiduciary obligation is to you, the borrower. Since we are not limited by our affiliation with any one bank, we are able to present your loan to a broad spectrum of potential capital sources and secure the best terms and pricing that the market can offer. Equally important, Exponential remains very much involved in the transaction, sharing the burden of collecting and processing information, coordinating third party reports and driving towards a smooth and successful close.
Do we end up paying more by working with Exponential Commercial Finance?
Exponential Commercial Finance saves its clients time and money by creating a competitive environment that forces the market to compete for the borrower’s business. Ultimately, clients get all the cost benefits of a more effectively managed transaction without having to accept exorbitant spreads or large loan fees.
How does Exponential Commercial Finance choose its clients?
Exponential Commercial Finance prides itself on taking a private banking approach to supporting client objectives. By choosing to engage a customer we are committing all of our resources to making their opportunity a success. Customers that work with us know that this often means going beyond the role of a typical advisor.
By company mandate, each Exponential professional is limited to engage no more than five new clients below the application stage at any one time. Our clients are qualified on many of the same criteria that banks use in evaluating loans. However, beyond identifying whether we are capable of effectively helping a client meet their objectives, we typically require an exclusive engagement letter that obligates both parties to the relationship. By limiting the number of real estate investors we agree to represent, we are able to provide a full service, advisory experience that is unique in today’s capital markets.
Who are Exponential Commercial Finance’s typical lending partners?
The goal at Exponential Commercial finance is to add value to customer transactions by offering a wide range of financing alternatives and direct access to top national, regional, and local lenders. We have funded deals through agencies, life companies, conduits, and “out-of-the-box” lenders. In addition to permanent debt financing, we regularly structure transactions using high-leverage bridge loans, mezzanine debt, construction loans and straight equity.