One thing that folk must be conscious of when searching for commercial or multifamily property financing is what banks are essentially lending on. If I’m the borrower trying to find financing there are three things that I’d ensure I did to get the financing I was trying to find. Be Prepared – too many borrowers talk to lenders without having the basic private or property info prepared and available. When a commercial loan request is submitted as a partial file, it is put aside and not given the right attention. Even if you get the remainder of the data in inside 2 days, banks have already discounted the file and went on to files that were complete and submitted after you.

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