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Documents
Documents Needed for a Price Quote
- Three years financials on the property
- Current Rent Roll
- Picture of the property
- Current Profit and loss (year to date)
- Map of the area
Complete List of Items Needed to Process a Commercial Loan
- Executive summary
- Authorization to release information
- Loan fact sheet
- Commercial loan status sheet
- Last three years financial statements on borrowers entity
- Last three years personal tax returns on owners
- Last three years operating statements on the real estate
- A rolling twelve month operating statement
- Copy of all leases or a master lease and lease on major tenants
- Current survey
- Map of area
- Internal and external picture of the property
- Executed agreement of Sale
- Most recent rent roll
- Additional background information on their real estate and the borrower's history
- Pro forma cash flow statements for five years on new construction
- A full copy of the insurance policy
- Resumes of the principles
- Articles of incorporation or borrowers resolution to borrow
- Copy of pre-environmental or phase 1, 2 and 3
- The copy of the last known appraisal completed by MAI
- Broker fee agreement
- Most recent real estate tax bill
- The use of proceeds statements (For Cash Out)
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