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Updated almost 4 years ago, 02/17/2021
Commercial lenders...What is Pre-review exactly? is it common?
Hello to commercial lenders. I am a syndicator and multi-family investor that targets about 8 different markets across the U.S. Somebody in one of my investment meet-ups had brought up a term called "pre-review" which was described to me as areas within the states that lenders will generally lend less depending on where those areas are located. Does this only pertain to secondary markets or could this also happen in say a large metropolitan area? Also if Pre-review can be described in it's definition that would be great. Thanks for the help everyone.