Top Ten Tips to Commercial Loans: Tip 8

Top Ten Tips to Commercial Loans: Tip 8


Every week Jonathan Rubins, Managing Director of Alternative Bridging Corporation Limited, gives us the insight...

Tip 8: Manage Expectations

Try and manage your borrower’s expectations throughout the process. There is little point promising drawdown in 3 days at 95 per cent on a Cowshed in Lytham and no matter how hard you try you can only assist, not drive, the lender’s administration team. As with any loan, there are various stages that need to be achieved and managing the borrowers understanding of this is half the battle.

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