Why do so many deserving business and development loans go unfunded?
There can be many reasons, but the most common are:
1. Banks sometimes deny loans for purely technical internal or regulatory reasons. The denial may have absolutely nothing to do with the quality of your application. Finding the right lender can be essential.
2. Many lenders will take advantage of knowing that you are not comparison shopping for the loan. You may find their terms to be unaffordable. When you have multiple offers, you are in the driver's seat!
3. The most common reason for denial is an application that is incomplete, confusing, or avoids openly dealing with a weakness. All loans have them, and it is our job to help you recognize and mitigate those weaknesses. Assembling a solid loan package is both art and science.
The top lenders are very busy, and just will not take the time with incomplete, disorganized, or evasive applications. Lenders will not make a loan they do not fully understand.
The Perigee Solution
The Perigee team has experience as lenders, developers, and real estate and traditional and structured finance law. Members have decades of bank loan committee experience...reviewing both successful and rejected loan packages. Our team members have personal real estate development experience and our team attorney has documented hundreds of successful development loans (The fine print is important).
Let Perigee go to bat for you!
Perigee will perform a confidential, no cost or obligation, preliminary review. If we are reasonably confident that a lender may accept your request, we will issue an Engagement Letter outlining our efforts to assemble, organize and market your loan request to multiple qualified lenders. All Perigee fees are clearly stated.
Remember, the Engagement Letter is not a commitment letter. It represents our belief that your loan is fundable, and our best efforts to obtain multiple competing bids from lenders.
Contact us today.
Perigee Capital Markets, LLC
801 12th Avenue South, Suite 302 Naples Fl. 34102
KPK Cell 239 300 2313