In a hurry or on a tight deadline to close a loan? You might ask, “Is 10 days to close even possible?” It’s not easy, to be sure, but indeed it can be accomplished. Here’s how:
Let’s say, for example, that you have a deal with a lender. The lender’s loan officer had “promised” to deliver on the deal, but today is “D-Day,” no money is available and the lender is ultimately a no-show. Your opportunity is now lost. Or, you have an opportunity to buy real property or a note at a discount, if you can get the financing…and fast, because the window of opportunity is closing and a traditional lender just can’t move fast enough for you particular needs. Now what?
Kennedy Funding, with its experience, can walk you through the process and be there every step of the way to get the deal done, and on time. Obviously there are some basic items you must address in order to get financing on an expedited basis: Assuming the asset to be purchased has sufficient value to support the financing request, a prospective borrower should also have ready an updated survey, updated title, a current environmental report, flood search, payoff letters and maybe most importantly legal representation who is familiar with the lending process.
With all the pieces in place, and backed by Kennedy Funding’s experience, you can indeed get that loan closed in 10 days.