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Many hard money deals stall because the submission package is incomplete or missing key information. A lender can only evaluate a deal based on what is provided, so when important details are unclear, the approval process slows down. Fortunately, most of these issues are easy to fix with a little preparation.
One common mistake is leaving out the borrower’s exit strategy. Hard money lenders want to understand how the loan will be repaid, and a clear explanation helps move the file forward. Whether the plan is to refinance, sell, or complete a project, having this information ready shows that the deal is well thought out.
Another common issue is limited property information. Missing photos, outdated comps, or unclear repair details can delay underwriting. A complete picture of the property helps the lender assess value, risk, and loan structure more quickly.
When brokers submit organized and detailed packages, approvals happen faster and clients receive a smoother experience. A strong submission not only speeds up funding but also builds a stronger partnership between the broker and the lender.
