Seven Deadly Sins of Loan Documents and How to Level the Playing Field

April 2013
Brad Goss
Builder News


The article discusses loan documents and the pressures that borrowers face when finalizing them.  Brad Goss explains how lending relationships are critical to the builder’s success and how the tremendous pressures of closing a deal and the need to start new projects have borrowers in the “just sign and get on with it” mindset. Lenders, under pressure from state and federal regulations, are refusing to renew loans, despite any prior promises, without additional collateral. In summary, Brad says careful planning on the front end in the organization of the company, management of the lending relationship, and reviewing and negotiating loan documents may make all the difference.

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