Andres Aristizabal

Something to keep in mind when you’re looking for loans: you still need to provide personal financials (PFS') regardless of whether or not you're going for a recourse or a non-recourse loan.⁣
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People seem to be under the impression that they don't have to provide it for a non-recourse loan because they aren't personally guaranteeing the loan - that's not true. You still have bad boy carve-outs (standard for non-recourse loans) and your financial strength still needs to be determined. An understanding of the PFS also gives a lender a sense of how responsible you are as a borrower. You can maybe (maybe) get away with providing ball park figures on NW and liquidity for something like a term sheet, but you're going to have to provide one sooner or later.⁣
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That being said - I didn’t have a specific picture in mind for this post so check out this neat motorcycle cafe in my now favorite go-to towns in upstate NY (Hudson). If anyone knows me they know that I live off of ☕️⁣
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