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Post Case Scenarios On This Thread For Dianne Burnett To Answer
Loan Officers who have case scenario questions about commercial loans through Lending Network, LLC, please post them on this thread and either Dianne Burnett or myself will answer them as soon as possible. Please be detailed in your questions regarding the property, such as the type of property, location, history, and other pertinent facts.Share the purpose of the loan, the current value or P and L, the repairs required, the loan amount, the scope of work, and projected P and L. Besides the purpose of the loan, explain in detail what the money will be used for, and the projected proforma P and L after the renovation or improvements. Explain the current value of the house, the renovation costs, the after improved value, and expected time to stabilize the property. The down payment the borrower has to put down, reserves, and experience of the guarantor or guarantors. If we decided this will be a loan that has merits, the next step will be to have the client complete and personal financial statement and summary sheet to us via email. If you have any questions, please post on this thread or start a new thread. We will start all inquires, case scenario, Q and As on this forum.
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This section is for special case scenario questions for Dianne Burnett, President and CEO of Lending Network, LLC from our commercial loan officers.
