FAQs

The Loan Process:
The loan process for your Commercial Financing Project involves the following steps:

• Complete the Contact Form and click the send button. The information you send is completely confidential and not shared at this stage with any lender. (You can also call Ken to discuss your commercial transaction at any time.)
   
• You will be contacted within 24 hours by telephone to discuss your commercial real estate borrowing requirements and have any and all of your specific questions answered.
   
• Please have all of the information described in the Funeral Home Financing Checklist ready to discuss with Ken Kaplan, President of K2 Commercial Finance. (If possible)  Click here for the Funeral Home Financing Checklist.
   
• If the terms and structure proposed by the lender in the LOI are acceptable to you, it's time to get down to the details. The lender will allocate funds to complete your transaction and issue a "Commitment Letter." You should have your attorney review this document and possibly negotiate any sticking points for you. Frequently a fee is required at this point to cover actual expenses the lender is incurring to issue the letter, secure the funds and complete the due diligence process.

Provide the documentation required for stage two underwriting. Typically the lender will require an appraisal and other due diligence documents. Someone from K2 Commercial Finance, or sometimes the lender, will contact you for any additional information the lender may require to approve your deal.

The most critical step in moving to a fast close and getting the best rate and terms possible is to be prepared to respond to the lender's due diligence requests promptly. Being prepared makes you look like a pro. Everyone prefers to work with professionals.

Call Ken Kaplan at (215) 230 1885 to discuss your financing scenario with no cost or obligation. I enjoy discussing transactions and look forward to helping you.