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Updated about 3 years ago,

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Commerical Loan Denial

Posted

Hi,

Has anyone ever heard of an investor being turned down on a commercial loan for "property level specifics"? We were told underwriting shot it down on day 29/30 because the age of the roof (which is 30 year architectural and 20 years old) was too old? The insurance company did not have an issue with the roof.

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