PROFESSIONAL ROLES

Lender

Also called: mortgage lender · commercial lender · capital provider

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PLAIN-ENGLISH DEFINITION

A bank, credit union, debt fund, agency lender or other capital provider financing a property acquisition or refinance.

What it means in practice.

Replacement-property financing must close within the exchange timeline when debt is part of the acquisition. Lender underwriting can involve appraisal, DSCR, LTV, environmental and entity review.

Why it matters.

Financing feasibility should be tested before the identification window closes when possible.

Additional notes.

Replacement-property financing must close within the exchange timeline when debt is part of the acquisition. Lender underwriting can involve appraisal, DSCR, LTV, environmental and entity review.

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