Solidon Finance
Your Total Financial Solution
PROGRESS PAGE
BORROWER:
Ki Kim
REQUESTED LOAN AMOUNT:
$10,000,000
LOAN PURPOSE:
Working Capital for general operation
EST. CLOSING:
12/25/2024
CURRENT STATUS:
STEP 2
Stage 2:
We are under process of underwriting.
Target Date: 11/8/2023
OR
Stage 3
Solidon has uploaded the underwriting package to the lender's portal. You will receive a notification as soon as Lender has accessed to the loan package and also submit their LOI.
(At this stage, this loan package has to be shown on the lender's portal and we need to find out which lenders have accessed to this loan package) ==> Go to "Loopnet Listing Service"
Dialogue
10/20/21 Loan package submitted
10/21/21 Underwriter, Ki Kim received the package. Reviewed and send the list of additional documents.
10/21/22 10:00 PM - Credit Summary was prepared
10/22/22 10: 30 pm - Pre-approval issued to the agent and borrower
10/24/22 6:20 pm - Pre-approval executed and package submitted to Chase
10/25/22 3:00 pm - Assigned to Mike Kong at Chase
10/26/22 - Question received from Mike Kong. Please refer to conditions and questions.
STEP 1:
Application
(3 Days)
Completed
11/3/2023
STEP 2:
Underwriting &
Solidon's Approval
(2 Days)
In Process
STEP 3:
Submission
to Lenders
(2 Days)
STEP 4:
Lender's LOI
(5 Days)
STEP 5:
Lender Process
(CRE: 25 Days)
(C&I: 20 Days)
PROGRESS
DOCUMENT TRACKER
- Corporate Tax Returns 2018
Uploaded on 11/6/2023 ==> Click to download
- Personal Financial Statement dated 6/30/19
- Individual Tax Returns for 2017 and 2018
- Rent Roll later than 6/30/19
==> If you click Yes, it automatically goes to Document Tracker. "Need to click on Update to send it to the borrower"