Construction financing - problems with bank approval

2018-02-11 12:08:24

Just go to another bank. The way from tocixmolotow in #7 is the smartest.

2018-02-11 12:10:30

Realistically, it is to temporarily offer the bank a different security. Is there still something or someone who could guarantee? Otherwise, it will be tight. Timewise tight.

2018-02-11 12:12:52

What does the other bank mean? Will it manage to review it in 2 weeks and will the ZV bank also call off everything upon presentation of a loan (mind you, this can be revoked)? No.

2018-02-11 12:13:39

Yes, next week we will get a different opinion from another bank, let's see what they recommend to us.

2018-02-11 12:28:23

What do you mean by another bank? Can it manage to review in 2 weeks and will the ZV bank, upon presentation of a loan (mind you, it can be revoked), also back out? Nope

Our loan commitment took 4 working days. But this is not needed here at all.

He just needs an approval that amount x is financeable. The current bank is probably a huge pain, others issue it after a conversation (and it’s not binding). Also take note of the reservations, as toxic said, then the current bank should be able to manage it too.

2018-02-12 07:19:29

Our loan commitment took 4 working days. But this is not needed here at all.

He only needs a confirmation that amount x is financeable. The current bank is apparently a huge pain, others issue this after just one conversation (it's not binding anyway). Still taking reservations into account, as toxic said, then the current bank should be able to do this as well.

Of course, every existing property is not sold free of encumbrances. So I don't understand the problem of the requested bank either. Maybe it only sees problems due to the constellation (multiple borrowers and foreclosure is pending).

What does the bank that wants to carry out the foreclosure say? Would they finance you?

Construction financing - problems with bank approval

Alex85

Nordlys

HilfeHilfe

Vojcehovic

Alex85

HilfeHilfe