It all depends on what the rejection was for. In this case it was due to the upfront cash fees required that the Lender imposed basically as a last condition that was unanticipated. The collateral assets were already qualified. Do you think Newby and Dean would have wasted all this time going through the lending process over these fees had they known the Lender was going to stick it to them like they did. They were obviously caught off guard. Now it appears those fees are intact and ready to be paid and the assets have already been prequalified.
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