June 10, 2014
Over the past weeks, we have shared with you a series of blogs for making sure you do your due diligence when you are choosing a lender for your apartment loans. This holds true for choosing a lender for any type of loan – commercial loans, residential loans, business loans, etc.
In a nut shell, there is a wide variance in quality of apartment lenders and it is essential that you check them out, especially through talking with references.
The strongest argument the writer of this blog can find to justify due diligence for a commercial loan, residential loan, business loan, etc., is the following event that we experienced in our company ApartmentLoanStore.com
We got a phone call from another lender that there was a commercial lender who was taking client’s deposits, stealing the deposits and then moving away – along with changing their phone number – to avoid being caught.
This is not an isolated example. Again, we cannot stress enough the importance of doing your due diligence in getting your apartment loan.
We are very proud of our A+ rating with the Better Business Bureau for ApartmentLoanStore.com a division of Business Loan Store.
It is vital to check the records of the Better Business Bureau and other organizations in your investigation of a potential lender.
Bruce Painter, Director of Marketing, Business Loan Store