There is something very special about the game “Hide and Seek”.

Could it be the buzz of not being found or caught? Or is it the palpitations of the “seeker” not knowing how quickly he will find those hiding? Or could it just be the simplicity of the game itself and that is its beauty?

Whatever makes Hide and Seek special for you, it truly has no place in the bridging loan
process. However, many-a-borrower come to the bridging loan table with a similar sense of mystery and discovery, just not the simplicity.

Picture the scenario:

You want to swoop in on a great investment opportunity that requires 3 Million. You put
down 900,000 and you want a lender to give you a bridging loan for 2.1 Million. So far,
so good.

The lender then requests your “Assets and Liabilities Statement”. But guess what you say?

“Come and find me!”

Strangely, though, the lender DOES come to find you but when he gets to your hideout, you are gone. You have decided to change places.

Eventually, the lender becomes exasperated with chasing you for the A & L Statement and, instead, changes tack. After all, he really does want the business. Bridging loan lending is what he does best and is how he makes his money. So he asks you to provide him with “Evidence of Recent and Relevant Experience”, otherwise called a “CV”. But you will never guess what you decide to tell the lender?

Yes … “Come and find me.”

This time, however, the lender decides to not play the game; he says to you, “No – you
come and find me when you have all of the documents that I have asked for. Then I
may just consider giving you a bridging loan because of all the hiding and seeking you’ve
played.”

As much as a lender may want to execute a profitable transaction with you and give you the bridging loan, they value their time much moreso. They genuinely do not have the time to play games chasing down the essential information that they require. After all, 2.1 Million is a lot of money. Would you lend large sums of money to an individual or to officers of a business that are not forthcoming with the most basic of information?

Bridging lenders look for speed. Their whole business is built on the notion of speed. Playing “hide and seek” with your information slows them down tremendously and will likely get you the wrong sort of reputation unnecessarily. Bridging lenders will pass up on your opportunities no matter how fat the profit margin is. And remember: The bridging loan world is a very small place.