INFORMATION CHECKLIST
Creating a loan package to forward to the lenders is an important part of the commercial loan application process. The more complete your commercial loan package, the better it positions you for financing. This list is provided so you can gather the needed information to forward to us electronically or in person. If you request assistance in obtaining the information from your leasing agent or a management office, we are willing to help. None of this information will be forwarded to lenders or other third parties without your express written permission.
◊ Contact information
◊ Resumes for the owners or principals
◊ Description of borrower
◊ Borrower issues
◊ Income/expense budget (pro-forma) for unseasoned projects
◊ Project cost for unseasoned projects
◊ Financial history for existing property
◊ Acquisition costs for a purchase
◊ Rental income
◊ Requested amount to be financed, type, and terms
◊ Existing financing
◊ Location description
◊ Property description
◊ Land characteristics
◊ Survey
◊ Appraisal
◊ Environmental study
◊ Purchase agreement
◊ Architectural drawings, site plans, photographs, etc.
◊ Are there hazardous waste problems, i.e., asbestos, lead, etc.?
◊ Are there underground storage tanks?
◊ Any other property issues?
◊ Copies of leases
◊ Major or anchor tenant overview
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We lend in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT,VT, VA, WA, WV, WI, WY
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