Loan Auction Process

When a borrower decides to engage Nadlan Capital Group for their forthcoming mortgage transaction, a dedicated WhatsApp group is established, incorporating the borrower, co-borrower, and the Nadlan Capital Group team. The auctioning process, approximately one week, entails proactive engagement with over 100 lenders to solicit quotes on the subject property.

Throughout this week, the team meticulously curates the best offers, presenting them to the borrower for consideration. Approximately 10 of the most favorable offers are then shared for the borrower's review and selection. If the borrower needs help during this process, a scheduled call with Lior Lustig can be asked to discuss the offers and get some guidance in making an informed decision.

Upon the selection of an offer and the borrower's commitment to proceed with the loan processing, an Escrow deposit of $2000 is required. This deposit, made through online bank transfer, serves as a commitment and will be fully refunded upon the successful closure and funding of the loan by the chosen lender or if the interest rate climbs by more then 0.5% after an appraisal is done. Once the Escrow payment is received and verified, the loan seamlessly transitions to the processing phase.