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Commercial Loan
This is a checklist of the required documents needed when we handle your commercial and construction loans.
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5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
Car wash facilities
Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Oil & Natural Gas
Energy
Ethanol plants
Factories
Factory outlets
Franchises
Gas stations
Golf courses
Grocery stores
Hospitality
Hotels
Housing developments
Independent living facilities
Industrial parks
Land acquisitions
Manufacturing facilities
Medical facilities
Medical offices
Mini storage
Mixed use
Mobile home parks
Movie theaters
Office buildings
Offices
Parking garages
Post Offices
Private schools
Raw land
Regional malls
Residential subdivisions
Resorts
Restaurants
Retail centers
RV parks
Senior housing
Shopping centers
Ski resorts
Special use buildings
Strip centers
Student housing
Tract development
Warehouse distribution centers
Warehouses
Wineries

 
 
 
 
 

REQUIRED DOCUMENTS


Commercial Loan Checklist
    Property General
  • Existing Debt and Debt History for Subject Property
  • 3 Years Operating Statements, Balance Sheet, P&L
  • Rent Roll-Multifamily for last three years
  • Lease Summary-Commercial for last three years
  • Credit References & Account Schedule
  • Borrowing Entity Name
  • Legal Documents for Borrowing Entity
  • Purchase Contract
  • Any Old Appraisals
  • Pictures of Property


  • Business Entity Financials
  • Business Entity Financial Statement
  • 3 Years Operating Statements, Balance Sheet, P&L
  • 3 Years Tax Returns
  • Schedule of Real Estate Owned
  • Existing Mortgage Information


  • Personal Financials all Guarantors
  • Personal Financial Statements all Signors
  • 2-3 Years Tax Returns
  • Schedule of Real Estate Owned
  • Credit References and Account Schedule
  • Credit Reports

Construction Loan Checklist
    Property General
  • Copy of Land Acquisition Settlement Statement
  • Copy of Soils Report
  • Environmental Questionnaire & Disclosure Statement
  • Copy of Building Plans
  • Copy of the Construction Cost Breakdown
  • Copy of Construction Contract
  • Copy of Contractor's Resume & Qualification

    Borrowing Entity Financials
  • Entity Financial Statements
  • Entity Documents (LLC, Corp, etc.)
  • 2-3 Years Tax Returns

Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 

Commercial News for 10/23/14

WSJ.com: Commercial Real Estate

Mortgage Rates Below 4%
Mortgage rates this week fell to their lowest level since June 2013, mortgage-finance company Freddie Mac said Thursday, as the jitters being felt in the stock and bond markets ripple throughout the economy.

Many on Renwick Street Embrace Development
Renwick Street, one of a few, largely hidden one-block streets in Manhattan, is coming out from the shadows with a burst of new development construction.

For Real-Estate Investors, It's Out With the Old
As foreign investors and pension funds push up prices for top-quality, low-vacancy office buildings, Boston Properties, one of the nation?s largest owners of existing office space is shifting gears.

Stamford Tower Feels Office Market Drag
The weak Stamford, Conn., office leasing market is creating a headache for 400 Atlantic St., an office tower operated by Landis Group.

Extell in Talks to Buy Midtown Church Property
The developer of the One57 condominium project that soars 90 stories over Central Park is negotiating to buy property controlled by a Midtown church.

New Entry in Meatpacking District
A Meatpacking District building that has been home to stables, a restaurant and more is being redeveloped as a Restoration Hardware store, according to people familiar with the deal.

Plots & Ploys: SEC Approves New Rules for Nontraded REITs
The SEC approved rule changes for nontraded real-estate investment trusts and other alternative investments that will require more disclosure and more-frequent valuations from the trusts.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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