Packaging Your Request

Here's a basic checklist showing the initial documentation we'll need in order to process your project. Although each project is different, here is a basic list of documents that will be required for most every proposal. We can provide you with a specific list of documents needed for each property type and loan request once we've had an opportunity to visit with you and discuss your specific needs.

1. Executive summary - What do you want to do?
2. Current detailed rent roll
3. Last three years operating statement of property and current YTD operating statement
4. Last three years and YTD personal financial information on individual borrowers
5. Trailing 12 months operating statement
6. Purchase Contract and Escrow Instructions
7. Financials of borrowing entity - Corporation, LLC, etc.
8. Source of down payment and funds to cover settlement expenses
9. Color photographs of property
10. Resume of principle(s)
11. Credit release

Some of these items may be included in a Business Plan. If this is a construction project or a new business, many of these items may not be available. Basically, the idea is to show on a purchase or refinance that income from the property will comfortably pay for the loan. On a construction loan, we want to see that the borrower has enough experience to complete the project successfully.  For Hard Money Loans and Equity Financing personal credit is more important.