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Podcast: The Real Estate Espresso Podcast
Episode: AMA - Loan Denial From Regional Bank
Description: Today's question comes from Tracy who writes:
I am a developer/builder in Eastern Washington State. I have been
in talks for months with a regional bank for a new apartment building. We have satisfied all the preliminary requirements to be pre-approved. Recently, we went for final loan approval for the project and the bank came back with the determination that they did not have the liquidity to fund the 7.5M loan and they could not find another bank that was willing to participate in the deal.
I am not completely surprised by this given...