Why Your Loan Package Matters
More Than You May Think!
73% Of All Commercial Loan Bank Applications Are
Never Viewed Or Given Any Serious Consideration..
Un-Professional Packages:
- No Cover Page
- No Executive Summary
- Improperly Format
- Incomplete Company Information
- No Borrower Resume
- No Former Loan Request-Terms Desired
- Incomplete Property Data
- Incomplete Financial Data
- Outdated Operation Statement
- Multiple Files And Formats
- Difficult To Review
- No Formal Request
Why You Should Have Your Deals Professionally Packaged!
Your package serves the same benefit and purpose as a resume. It’s your calling call and your first impression.
You should give as much attention A funder will look briefly at your loan package and will be picked up or pass over.
Lender are like you and I. We don't like to spend a lot of time search opening numerous files to locate vital information only to discover that the information isn't there. A package containing one file with all the essential data will always be the one that is viewed first because is easier and more appealing.
For this simple reason, many projects are never seen or given any serious consideration.
These packages are dead on arrival! Packaging matters!
A Professional Package Includes:
- Cover Page Included
- Executive Summary
- Formatted According to CMSA Guidelines
- Detailed Company Profile
- Resume On Borrower
- Official request for financing terms
- Complete Property Data Summary
- Complete Financial property Financials
- Current Income and Expense Statements
- A single file with named after the project
- Single file: fast access to all the data
- Loan Detail report
- Underwriter comments and notes