DOCUMENTS NEEDED FOR TERM SHEETS / LOI'S
Income Producing Property Purchase & Refinance Loans
(1 to 4-unit Rentals, apartment buildings, cre properties with tenants)
- Rent Roll
- T12 / Property Operating Statement (YTD & Previous Year)
- Schedule Real Estate Owned
- Borrower Personal Financial Statement or Completed Application
- Credit Report (if available)
- Purchase & Sale Agreement or Purchase LOI (if purchase)
Rehab / Fix & Flip / Ground-up Construction Loans
- Scope of Work & Budget
- Construction Project Package
- T12 / Property Operating Statement (Proforma)
- Schedule Real Estate Owned
- Borrower Personal Financial Statement or Completed Application
- List of projects completed
- Credit Report (if available)
- Purchase & Sale Agreement or Purchase LOI (if purchase)
Downloadable Document Forms
RENT ROLL - RESIDENTIAL & MULTIFAMILY
SCHEDULE REAL ESTATE OWNED (Excel)
ICS FORM C-1003 Commercial Loan Application
Use this application for all programs. If the borrower completes the full 1003 application online, this application is NOT needed.
ICS Rehab / Fix & Flip / New Construction Application
Use this application form for all Rehab / Fix & Flip & New Construction applications.