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Updated almost 4 years ago on . Most recent reply

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154
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Toben B.
  • Investor
  • Tulsa, OK
54
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154
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Broker wants a pre-appvoval letter prior to showing finances

Toben B.
  • Investor
  • Tulsa, OK
Posted

I am dealing with a broker that wants a pre-approval letter prior to showing me finances on a mobile home park. 

He is a residential real estate agent and this is a ridiculous request. However does anyone know a lender or a bank that will generate a pre-approval letter? My bank will on apartments but not mobile home parks. 

Obviously this letter will have a be non-binding and depending on the park financials. 

Thanks

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Theresa Harris
#3 Managing Your Property Contributor
11,239
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Theresa Harris
#3 Managing Your Property Contributor
Replied

I don't think it is unreasonable.  They want to avoid tire kickers and handing out their financials to anyone.

  • Theresa Harris
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