Don’t Make These Mistakes When Issuing a Loan Proposal Letter
South State Correspondent
OCTOBER 31, 2023
Last week, we discussed how and why commercial lenders use a bank loan proposal letter (aka commitment letters) to their advantage ( HERE ). Adjustable Rate Term Loan Post-Construction In construction-through-perm financing, banks will quote a takeout term loan priced on a preset spread over an index in the future.
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