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Asking Price$1,395,000
Revenue$811,000 Established1989
Cash Flow$348,000 Employees3 full-time
FF&E$3,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Business Description:
Well established mortgage broker poised for growth.

They have an Excellent reputation with wholesale lenders, borrowers, and professional referral sources.

Their borrowers are busy professionals, Foreign Nationals, investors, first time homebuyers, divorcees, self-employed, investors, executives, and employees.

They  manage the mortgage process for them and allow them to go about their daily living responsibilities without worry or stress.  

Their Quality service distinguishes them from the competition and is the foundation of their growth.

Historical Summary:
For over 28 years, they have been helping Borrowers find the best structured loan for their situation.

They are deal makers and Mortgage financing experts, that hold their borrowers hand, from beginning to end, until closing.  

All calls are returned, and all emails are answered Immediately.

They have only 5 star Zillow ratings in the hundreds.
Facilities:Option: YES Lease Security: 2730 Monthly Rent: $ 1,365 Square Footage: 675 Type of Location: Office Building Facilities: OFFICES IN A COMMERCIAL BUILDING IN BERGEN COUNTY, NJ.
Competition:They have been in business for over 28 years. The mortgage space has competition, as always, but there are now historically less mortgage broker licenses issued in NY which means more opportunity for the right person/owner in New York State plus the great states of New Jersey and Florida.
Growth Potential:The Skies the limit. They have every residential product you need to compete. They leverage the technology of their wholesale lenders and can compete with anyone in terms of quick pre approvals, quick underwriting, and quick closings.
Seller Financing:50% down and 50% seller financing.
Ad #103912
Seller Reference #CNJ2070625
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212 661-4160
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