Loan Process
We take pride in being thorough and attentive to detail throughout our process. Our process will produce the desired successful outcome for our customers – getting your project financed in the shortest time at terms that are in line with current market conditions.All Great Loans can handle your transaction from start to finish. Our loans close routinely in 30 to 45 days. Below is a synopsis of our process in working with a typical customer.
Step 1. We will conduct an interview so we know about your proposed project.
- Discuss your loan request
- Identify your needs
- Establish goals and objectives
- Determine your financing options
- You then engage us with a written agreement
Step 2. We will develop your loan “package” which will include underwriting
- Accumulate your due diligence information
- Review and analyze all of your information
- Develop a loan narrative and a property summary
- Complete a loan submission packet
Step 3. We will find, market and submit your loan request to suitable financial institutions
- Match the your goals and objectives to appropriate funding sources
- Send the Loan Submission Package to appropriate funding sources
- Provide a transaction “strengths and weaknesses” analysis
- Identify and mitigate any transactions risks apparent with your project
- Make a competitive market for your transaction
Step 4. We will handle all of the processing requirements. In most cases one of our representatives will attend your closing.
- Coordinate all third party due diligence
- Assist your funding source with any requests for additional information
- Communicate effectively with all parties involved in your transaction
- Expedite the processing of your loan
- Attend your closing in most cases
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