08/25/2026
If you have ever had a solid investor deal fall apart in underwriting, it was probably one of these four.
The property is not habitable yet, so it will not appraise the way the deal needs it to.
The borrower has several loans open already.
The tax returns are written to minimize income.
The close is too fast for a conventional pipeline.
Every one of those is a system problem, not a borrower problem. Business-purpose lenders underwrite the asset and the exit strategy, which is a completely different question than the one a conventional underwriter is asking.
Curious which of the four kills the most deals for you. Comment and let me know, I will read all of them.
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Crebrid