Bring it all together.
While your particular situation will determine which documents we’ll need to collect for your commercial loan, the following is a good starting point.
Borrower-specific Documents
What you’ll need:
- Three (3) years of financial statements for any corporate borrowers and guarantors
- Personal Net Worth statement for all principals involved
- Two (2) years of NOAs for all shareholders
- Confirmation of down payment
- Organizational chart detailing ownership structure
- All Corporation documents including articles and share registry
- Details of past projects and a personal or corporate profile
- Credit Report Authorization (if applicable)
Property-specific – Term Loans
What you’ll need:
- Appraisal (must be from an approved appraiser list)
- Property rent roll, unit breakdown and square footage
- Property-specific operating statements
- Purchase and sale agreement (if applicable)
- Copies of leases
- Environmental Report (if applicable)
- Transaction timelines
Property-specific – Construction Loans
What you’ll need:
- Detailed project budget itemizing hard, soft and land costs
- Elevations and/or renderings
- Site plan
- Copies of leases and/or offers to lease (if applicable)
- Copies of pre-sale agreements (if applicable)
- Sales list (if applicable)
- Specification list outlining unit descriptions and building amenities (if applicable)
- Project team profile (architect, general contractor, engineer, etc.)
- Copies of the construction contracts
- Copies of any current or prior third-party reports including environmental, geotechnical and appraisals