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Friday, March 28, 2008 12:53:41 AM
What I read here about the phone calls is not how this should be. Everyone should know the same thing at the same time.
Let me see the last two years k1's and 1065's ie tax returns. Give me a copy of the LOI or offer to purchase. Then its a matter putting a package together. Submit to the loan commity for approval.
BUT we have been told the attorneys are holding it up. How and why is the question?
I use am attorney in every transaction. In each case they work for me the client. I am on their ass to get the job finished.
How much is the loan for and how will it be paid back is what any banker needs to know.
The people who would do this type of loan do it every day. They do not think anything about this simple transaction. I would bet they ask for a 1003 and tax information.
Sorry but you are being fed a line.
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