From Loan Scenario to Closing

Summary

Alliance Portfolio’s lending process starts with the scenario itself: where the property is, what it is worth, what is owed, how much the borrower needs and how the funds will be used.

From there, the process moves through conditional approval and pricing, a signed letter of intent, a borrower interview, appraisal, documentation and underwriting. The underwriting review considers the borrower’s ability to pay, the exit strategy and the property’s market value.

Once the loan is approved and the documents are complete, the transaction moves to funding and closing.

Key takeaways

• Start with the essential deal facts.Property, value, existing debt, requested amount and use of proceeds.
• Conditional approval comes before full processing.The initial scenario allows Alliance Portfolio to evaluate structure and pricing.
• Borrower interviews help clarify the transaction.Alliance Portfolio reviews borrower qualifications and use of proceeds before completing the loan package.
• Underwriting looks beyond the property.Ability to pay, exit strategy and market value are all part of the review.
• The process ends with approval, funding and closing.