Every week Jonathan Rubins, Managing Director of Alternative Bridging Corporation Limited, gives us the insight...
Tip 1: Less is not more when it comes to a Commercial application.
Due to the very nature of the loans, Commercial applications are very information heavy and an enormous amount of time can be saved if a coherent but full pack of information is submitted to the lender on day 1. Detailed projections, property information details on tenants, information on the borrower including relevant experience and other assets all help a lender evaluate the loan both on the basis of it being a sound proposition and the likelihood of refinance being achievable.
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