The process for borrowing from Propifi is efficient with a quick turn around.
The application and credit approval process for borrowing is thorough. Our underwriting team works closely with the credit panel and will pay particular attention to your exit strategy, security, experience and track record.
APPLICATION & UNDERWRITING
Our application process will require evidence of your experience and details of the proposed project. A particular focus will be placed on your exit strategy and how this can be evidenced. The application and underwriting process will culminate in heads of terms being issued within 5-10 workings days. At this point, a valuation on the secured property will be instructed.
LEGALS & DRAWDOWNS
Our legal partners will create a legal pack within days enabling a fast-track application of security and drawing down of funds; drawdown will be net of all your costs.
As part of your heads of terms a series of exit monitoring checkpoints will be agreed, exit monitoring drives confidence and course correction support towards a successful and timely loan redemption.
Contact us now to find out how we can help you