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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 8/23/14

WSJ.com: Commercial Real Estate

Many Visitors but Few Tenants
Governors Island attracts many seasonal visitors but also faces many stumbling blocks in luring year-round tenants to the 172-acre off the southern tip of Manhattan.

Unions, Activists Align on Affordable Housing
A group of New York City construction unions have forged a coalition with affordable housing activists to ratchet up pressure on Mayor Bill de Blasio to require organized labor in the building of 80,000 lower-cost apartment units over the next decade.

Casinos Chase New York City Proximity
With three failing Atlantic City casinos slated to close their doors within the next month, officials near New York City are pushing shiny new gaming facilities harder than ever.

U.S. Home Size Levels Off, for Now at Least
The two-year trend of big houses getting even bigger appears to have peaked?at least for now?as more buyers seeking modest homes enter the market.

Marilyn Drank Here: Dive Bar Fights for Life
The owners of the Subway Inn, a dive bar on East 60th Street which, legend has it, quenched the thirst of Marilyn Monroe, wants a show of community support to help them avoid being evicted by a real estate development firm.

Hyatt Leads New Luxury Wave
A sign that luxury travel is back: a flurry of new $900-a-night hotels. A flagship for the Park Hyatt brand in New York set to open next week is leading the charge.

Warming to Rentals in China
The glut of vacant homes across China owned by small investors has fueled a cottage industry: companies that help owners rent their homes for short-term stays.

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