The Lending Circle Handles "Nearly Bankable" Deals and Commercial Real Estate Refinancing: The New Way to Get Loans Done Today
The Lending Circle works nationwide with bank and non-bank lenders who are hungry to lend and can handle "nearly bankable" deals. Mid size insurance companies are also in The Lending Circle stable.
San Francisco, CA (PRWEB) December 11, 2012
The Lending Circle, a division of Sunovis Financial, offers a solution to the troubled commercial real estate owners or investor: finding financing today.
Many banks are troubled, with bad debt yet to be cleared out for instance. Smaller banks face difficult new regulations (called Basel III) that was really intended for larger banks. Borrowing standards have tightened, and the end result is that many borrowers have trouble finding a lending source.
The Lending Circle and its parent Sunovis Financial have developed a nationwide network of sources who can and will lend. This includes what are termed "nearly bankable" deals. An investor may have been rejected for a loan or refinance only because one items in the application didn't meet the bank standard. The borrower has spent a month or so gathering information, working with the bank, and then has to start all over again with another bank.
But with The Lending Circle, the investor has only to complete loan packet once - and then the company will reach far and wide to search for sources who will lend. There are no guarantees of course, but the process can be less difficult on the borrower. The quality of the commercial real estate asset will have a bearing as well.
The Lending Circle and Sunovis Financial also offer Short-Term Micro Loans for small businesses that can be approved in as little as 2 to 3 days, and funded in as little as 10 days. There is no collateral requirements, a one page application, and the FICO score is not a determining factor.
The Lending Circle motto: The New Ways to Get Loans Done Today!
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10224982.htmAdvertisement