Source of Funds

 

Vanderbilt will ordinarily fund its loans through the use of credit/warehouse lines.

Vanderbilt has also developed its own “targeted investor base” or “prospective investor base” of institutional investors related to commercial real estate loans.

Vanderbilt keeps an ongoing summary of each investor’s objectives which is required to be updated at least annually.

Access to the availability of funds through an institutional investor does not guarantee the funding of any loan, just as the access to the availability of funds through a bank does not guarantee the funding of any loan.Upon satisfactory submission to Vanderbilt’s investor(s) and assuming the Borrower is able to satisfy the terms and conditions of the Loan Commitment in a timely manner, it should be expected that the process will take approximately 30-45 days after execution of the Loan Commitment, depending on the complexities of the loan, the market conditions at that time, whether it is a securitization, and other factors beyond control of Vanderbilt.