Avatar's Blog
» Submit Your Loan Request With Photos
Borrowers and brokers alike take note: loan requests that are accompanied by bright, clear, well focused photos of the subject property are funded at rates of better than two to one! In my time in the field of hard money, I have noted that decision makers in lending institutions are like everyone else - 85% or more of them are visual learners. This means that they process information through visual aids.
Words are fine; words - and financial sheets - are very important to any loan package, of course. But, if you want a quick, reliable answer to whether your loan can be funded by Avatar Financial Group or any other hard money lender, make sure you have photos to email to accompany your loan request. A clear, bright photos that shows the subject property off to good advantage may be worth far more than the proverbial thousand words - it may be worth thousands or millions of dollars to you.
The decision makers at reputable lending instituions review many loans each day. They have to separate the wheat from the chaffe in a moment and move on to dealing with those loans that are most likely to generate a successfull conclusion of a business deal. They can't be bothered with projects that might work out. Photos of the subject property enables them to immediately see what they will be funding, where it sits on the street, neighborhood, etc., and determine whether this is a property that fit their lending portfolio. Whether your photos brings you a quick yes or no, it is better to have a solid immediate response when seeking a hard money loan. Send photos! You'll be glad you did.
