Commercial
Loan Checklist
Property General
- Existing Debt and Debt History for Subject
Property
- 3 Years Operating Statements, Balance Sheet,
P&L
- Rent Roll-Multifamily for last three years
- Lease Summary-Commercial for last three years
- Credit References & Account Schedule
- Borrowing Entity Name
- Legal Documents for Borrowing Entity
- Purchase Contract
- Any Old Appraisals
- Pictures of Property
Business Entity Financials
- Business Entity Financial Statement
- 3 Years Operating Statements, Balance Sheet,
P&L
- 3 Years Tax Returns
- Schedule of Real Estate Owned
- Existing Mortgage Information
Personal Financials all Guarantors
- Personal Financial Statements all Signors
- 2-3 Years Tax Returns
- Schedule of Real Estate Owned
- Credit References and Account Schedule
- Credit Reports
Construction Loan Checklist
Property General
- Copy of Land Acquisition Settlement Statement
- Copy of Soils Report
- Environmental Questionnaire & Disclosure
Statement
- Copy of Building Plans
- Copy of the Construction Cost Breakdown
- Copy of Construction Contract
- Copy of Contractor's Resume & Qualification
Borrowing Entity Financials
- Entity Financial Statements
- Entity Documents (LLC, Corp, etc.)
- 2-3 Years Tax Returns
|
