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Forms To Complete for commercial loan & send back

Photo’s of the property

Description of the property

1 page description of the property, including: Type of property, square footage, size of lot, age of building, when you bought the property & for how much.

(i.e. 8-Plex, strip mall, mixed use, special type of property: Restaurant, gas-station, mobile home, health-care facilities)

If it is mixed-use, please describe each unit & what it is used for.

Property-type Sepecific Documentation

Additional documents could be required for specialty types, such as automotive, hospitality, restaurant, gas-station, mobile home & health-care facilities.

Financials

 

If getting Cash Out or Credit Issues that need to be explained:

Letter of Explanation(s)

Appraisal

Other Items

Pending on the type of property, if any other 3rd pary fee’s for due dilligence needs to be done, those fee’s are collected upfront.

Some commercial transactions have commitment fees. This has been typical in the commercial lending industry for the past 2 1/2 years. This is not paid to the broker, it’s paid to the lender.

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