Commercial Checklist
'Presentation is 90% of the approval.'
Mortgage investors each have their own way of underwriting applications. You must submit the loan package the way they want it, supported by the exhibits they require and in a format that is simple to understand yet precise in its content.
Putting a loan package together can be time consuming and aggravating to all parties concerned if necessary documentation is not available. The sooner all information is available, the quicker a loan package can be assembled and the faster an approval and loan closing can occur.
When applying for a commercial loan be sure the following information is available. It will save time, much frustration and turn the transaction into a hassle-free experience:
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Commercial Mortgage Checklist | |
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Principal(s) Resumes' |
Purchase Agreement |
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Principal(s) Tax Returns |
Tax Bills |
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Borrower Tax Returns |
Copy of Insurance Cert. |
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Corporate Tax Returns |
Rent Roll with Notes (if appropriate) |
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Interim Financial Statement |
Photographs/Location Maps |
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Property / Area Description |
Aerial Photographs |
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Borrower Profile |
Company Brochure |
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Personal Financial Statement |
Environmental Study |
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Copy of Leases |
Last Property Appraisal |
Other exhibits may be required as the processing procedure progresses, but these are sufficient to begin.
Excellence'n'Mortgages finances all types of property:
Apartments, Multifamily, Mixed-Use
Shopping Centers, Industrial/Warehouse
Office Buildings, Hotel/Motel, Restaurants
Car Dealerships, Golf Courses, Self-Storage
Mobile Home Parks, Gas Stations, Marinas
If you don't see what you're looking for, Contact us
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