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Help us identify the exit strategy - what is the plan for paying us off?
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Send color photos right away (or email the appraisal) - this is huge in getting a fast answer - Yes or No!
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Provide a good summary of what the borrower is looking for in the loan, and why.
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For a good long term relationship, let us know what other alternatives or lenders you or the borrower are considering - we do not want to waste our time on a deal that someone else is way ahead on.
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Be prepared to answer if the borrower will cross-collaterize other properties - lower loan to value is always important.
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If the property is vested in a business entity, are personal guaranties available?
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