When applying for a commercial real estate loan, there are several reasons why the loan may be rejected. Here are the top 10 reasons why a commercial real estate loan may be denied:
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Insufficient credit history or low credit score: Lenders will typically check the credit history of the borrower and co-borrowers, and a low credit score can be a red flag.
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Lack of experience or insufficient assets: Lenders will also look at the borrower's experience in the real estate industry and their assets. If the borrower does not have enough experience or assets, the loan may be denied.
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Topics:
Loans,
Brokers,
1031X,
Alternative Financing,
Bridge lending,
Bridge Loan,
fast closing,
CRE,
Insights
When applying for a commercial real estate loan, it's important to make sure that you have all the necessary information to present to the lender. A well-prepared loan submission can increase your chances of being approved, and can make the process go more smoothly. Here are the top 10 things you should include in a commercial real estate loan submission to a lender:
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Topics:
Loans,
Brokers,
1031X,
Bridge lending,
Bridge Loan,
CRE,
Insights
Big banks like to drag their feet. Especially with most banks still working remotely, it can be a struggle to get a loan on time. This has been a huge struggle when trying to meet your 1031 deadline. This is where a reliable bridge lender comes into play.
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Topics:
Brokers,
NNN,
1031X,
Alternative Financing,
Bridge lending,
Bridge Loan,
Quick Close,
CRE
