Qualification & Pre-approval Step 2: Qualification and Pre-Approval
Your financial objectives are reviewed and the loan gets underway with application and pre-approval.
What to expect from Sphynx Financial:
Your Commercial Loan Specialist will contact you to assess your needs, recommend the appropriate financing solution and help you complete the loan application. Borrowers with properties that qualify for financing will be sent a letter that outlines your loan amount, interest rate, documents required for underwriting and closing, and the estimated fee for appraisal.
What we'll need from you:
You'll be asked to provide documents necessary to process your loan. These vary by loan program but commonly include bank statements, tax returns, pay stubs, rent rolls and/or operating statements. |
This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must submit a written application and all required documentation. All information submitted by loan applicants is subject to verification. All loan applicants must qualify under our underwriting requirements and satisfy all contingencies of loan approval. Loan approval will be subject to satisfactory appraisal, title review and no change in financial condition. Some loan types may not be available in all jurisdictions. This loan program is subject to change without notice. This loan program is for business purpose and commercial loans only. In connection with an application submitted to us, we may act as a loan broker and not as a lender.