DOCUMENT REQUIREMENTS
Income Producing / Investment Properties
Includes all 1 to 4-unit residential rental properties, commercial, mixed-use, specialty-use, hotels, multifamily 5+ unit properties, and other properties that have tenants and not owner-occupied by the property owner's business.
NEEDED FOR UNDERWRITING
- Commercial Loan Application
- Rent Roll
- T12 or Property Operating Statement
- Schedule Real Estate Owned (included in Commercial Loan Application)
- Purchase & Sale Agreement or Executed LOI to purchase (if purchase)
- Appraisal
- Bank / Investment Statement showing cash position
- Credit Report (if available) or ICS Soft Pull
- Borrower ID
- 3-Years personal and business tax returns (Bank Financing Only)
- Articles of Formation - Entity
- EIN Letter / Entity EIN Confirmation
- Entity Certificate of Good Standing
- Corp / LLC Operating Agreement
- Most recent mortgage statement (if refinance)
- Insurance Company Contact
- Title Insurance Company Contact (if purchase)
Rehab / Ground-Up Construction
Includes all 1 to 4-unit residential properties, commercial, mixed-use, specialty-use, and multifamily 5+ unit properties that are being purchased or refinanced with the intent to rehab or complete ground-up construction, then refinance to hold long-term or sell upon rehab/construction completion.
- Scope of Work & Budget
- Project History Resume
- Schedule Real Estate Owned
- Proforma Operating Statement (if investment)
- Proforma Rent Roll (if investment)
- Construction / Rehab / Fix & Flip Loan Application or PFS
- Appraisal (if available)
- Bank / Investment Statements showing cash position
- Purchase & Sale Agreement or Executed LOI to purchase (if purchase)
- Credit Report (if available) or ICS Soft Pull
- Borrower ID
- 3-Years personal and business tax returns (Bank Financing Only)
- Articles of Formation - Entity
- EIN Letter / Entity EIN Confirmation
- Entity Certificate of Good Standing
- Corp / LLC Operating Agreement
- Most recent mortgage statement (if refinance)
Owner-user / SBA Commercial Loan
Includes all commercial, mixed-use, and specialty-user properties where the property owner occupies space for their own business or intends to occupy space for their business.
- Rent Roll (if multi-tenant)
- T12 / Operating Statement
- (Year-to-date & Previous Year)
- Schedule Real Estate Owned
- Borrower Loan Application or PFS (if available)
- Appraisal (if available)
- Owner's business P&L (Year-to-date & Previous Year)
- Owner's business balance sheet
- Bank / Investment Statements showing cash position
- Purchase & Sale Agreement or Executed LOI to purchase (if purchase)
- Credit Report (if available)
- Borrower ID
- 3-Years personal and business tax returns
- Articles of Formation - Entity
- EIN Letter / Entity EIN Confirmation
- Entity Certificate of Good Standing
- Corp / LLC Operating Agreement
- Most recent mortgage statement (if refinance)
- Borrower Resume / Bio
- Business Plan
DOWNLOADABLE FORM TEMPLATES
If the Borrower has the above requested documents readily available, you may upload them to the loan file. For borrowers that do not have one or more of the documents available above, the Borrower can use our downloadable templates below by clicking on the links.
T12 or Property Operating Statement
SCHEDULE REAL ESTATE OWNED (Excel)