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04-06-2017, 04:14 PM #18
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
How Dealstruck (never worked with CAN) did their Underwriting had little to do with where they are now. Market segmentation and cost of capital did.
I had lunch today with a substantial bank I work with here in the NYC Metro area, that provides approvals within 2 DAYS ON FULLY COLLATERALIZED term loans under $1M, and closes them within 2 weeks of having all requested docs. Submission to Funding in less than 3 weeks.
Determining credit, background, verifying collateral, reconciling the financial statements and DSCR CAN be done expeditiously.
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