Data:
{
"text": "You don't understand commercial lending. \n\n\nThe underwriting process has everything to do with your proforma income statement. Of course the foundation of the financing is the funds rate, but your ability to qualify for a loan at all is based on projected cash flow of the property. Additionally, many loans have covenants which demand a certain average price, which if not achieved, means the note can be called due. \n\n\nAll of this is even more important if there are personal guarantees anywhere in the loan. ",
"label": "r/economics",
"dataType": "comment",
"communityName": "r/Economics",
"datetime": "2024-05-20",
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}