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Updated about 9 years ago on . Most recent reply

User Stats

77
Posts
26
Votes
Remo F.
  • Investor
  • Brooklyn, NY
26
Votes |
77
Posts

Portfolio Manager keeps asking for annual financial statement

Remo F.
  • Investor
  • Brooklyn, NY
Posted
I have a Commerical loan which was taken out to purchase a mixed use property. I've had it for 1 year. A portfolio manager from the lender reached out asking me to provide a financial statement for the previous year. Is this normal, has anyone experienced this before? My mortgage is paid every month without fail. Just curious as I was under the impression details such as financial statement is required only if I was to apply for another mortgage or to refinance.

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