Houston-based Best Mortgage Advisors LLC (BMA) has launched an interactive Web site to enable customers to secure financing on commercial properties. The site, www.bestmortgageadvisors.com, is designed to reduce transaction costs and speed up the time it takes to close a loan.
Using technology licensed by Chicago-based Cargan City LLC, an application service provider for the commercial finance industry, the site gathers and transmits a loan package to targeted financing sources after the borrower enters deal information. BMA loan professionals have closed more than $15 billion in commercial real estate loans. The Web site's transaction efficiencies enable BMA to pass on savings to its clients in the form of discounted fees.