FBI TRAVELED TO THE OFFICE ADDRESS.

The way these lenders work usually is that there is a Loan Officer out front who on boards you and they are your "rep" for the loan, then that loan officer has a processor who will gather what is needed from you to complete the loan file for the Underwriting team which is a totally separate department and then they do their thing and then when it comes out the loan is voted on by the committee who has final say for approval. 

Quote from @Tiffany Alfaro: Hi everyone, I’m looking for some advice.I recently spoke with a loan officer and was approved for about $245k for a condo.

I would say that is on the low side for an office building in this market. 

Quote from @Genesis Carrasco: Abel, really appreciate your insight especially coming from someone who has contributed so much to this community.I’m at the beginning of my journey as a loan officer, and honestly, I couldn’t imagine building any long term relationship without honesty at the center.

@Matthew HollandsworrhYou’re definitely on the right track by targeting Northeast OH — lots of investors operate there and good contractors are always in short supply.

Groups that move quickly on large land plays usually include experienced land developers, family offices, private equity real estate shops, or institutional-leaning partners who already have dry powder and a track record with entitlement risk.

Even great tenants will sound loud in older buildings because the sound transmission is just poor.I’ve dealt with something similar in my office space before, and what actually helped was sound-dampening panels.

Further, a couple of our defaults were due to rental rates for office buildings falling 40 - 60% in those locations.  

@Jason Taken, with higher interest rates and increased supply cost, has there been any changes in the strategy?