Take a loan to committee with the title findings in the memo
For Lenders & debt funds · also Real estate counsel
DDUnderwriting
Due diligence on [address]: title, permits, liens and encumbrances. Then underwrite this loan request for our credit committee: [loan amount] at [percent] LTV and [ratio] DSCR from the attached T-12 and rent roll, noting what that due diligence found.
- You give
- The address; the T-12; the rent roll; the loan amount
- You get
- Title, permit, lien and encumbrance findings, in the assistant
- Then
- Underwriting — ask for it in the same conversation once step 1 is done
Investment committeeUse this workflow