How to best present your loan request
Would you like to increase your response rate from multifamily & commercial real estate lenders?
Most lenders see dozens of requests each day, so clearing explaining what it is you want to accomplish and providing some good background will help lenders to quickly evaluate and seriously consider your request. Just as in any other role in any other business, you have to have a brief, concise overview to clearly convey to a lender a great summary of your transaction so that he/she can quickly give you feedback. While you don’t need to prepare a business plan, a solid 1-2 page summary of your request will increase the response rate from lenders and the quality of feedback.
Please check out my article, “8 Tips on How to Present a Multifamily Loan Request to your Lender or Broker for the Best Possible Outcome.” These tips are useful for first-time multifamily borrowers and for seasoned owner-operators wanting to establish new lender relationships.
The article can be found here:
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