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Looking to understand what it takes to get a commercial loan nowadays? It really doesn’t take a lot more than a solid project and a solid applicant borrower. I’ve written many articles before on how to qualify a project and a borrower but if you’re currently in need of a loan I thought it would be a good idea to involve a qualified mortgage pro to help you determine if you and your project qualify.
During the past decade most of us got accustomed to a plethora of commercial loan products. Credit was accessible to almost everyone and lending guidelines lenient with limited documentation. One of the differences between yesterday and today is that back then banks were competing for clients while today clients are competing for money. That’s why working with a loan broker may not be a bad decision should you choose to take that route.
Read on the following tips to get you started with the process.