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Updated almost 8 years ago,
Portfolio Manager keeps asking for annual financial statement
I have a Commerical loan which was taken out to purchase a mixed use property. I've had it for 1 year.
A portfolio manager from the lender reached out asking me to provide a financial statement for the previous year.
Is this normal, has anyone experienced this before?
My mortgage is paid every month without fail.
Just curious as I was under the impression details such as financial statement is required only if I was to apply for another mortgage or to refinance.