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Updated over 6 years ago,
Net worth equal or greater to loan amount ?
Was hoping for some clarification on this in reguard to a commercial loan. I’m aware of what net worth is and how to calculate it. Just not so sure I understand it in this way.
So if the loan is 1million my net worth has to been one million ? Is this a standard in the CRE space ? Seems that it would be a hard requirement to meet if talking about numbers in the millions.