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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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Apartments
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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 11/26/14

WSJ.com: Commercial Real Estate

Mortgage Lending Falls
New figures released by the Federal Reserve Bank of New York show mortgage lending is running at its lowest level in 13 years, with 2014 on pace to be the weakest for new loans since 2000.

Rebirth for Harlem Renaissance Site
A plan to tear down the Renaissance Casino and Ballroom and turn it into a luxury apartment building could help complete the transformation of a pocket of northern Harlem that has lagged behind the rapid redevelopment of the surrounding area.

Deal to Buy Revel Casino at Risk
Built at a cost of $2.4 billion, Revel made its boardwalk debut in 2012, but failed to turn a profit, filing its second Chapter 11 case in June.

Simon Property Seeks to Boost Stake in Macerich
Simon Property Group may seek to boost its stake in mall rival Macerich Co., a move that analysts said could trigger a takeover attempt.

Creating a Niche Beyond a Real Estate Empire
Stephen L. Green is a household name in the real estate industry; less well-known is his son Gary Green, who runs a company that keeps a big chunk of his father?s buildings as well as other prime New York properties clean and secure.

Baldwin: Suburbia, Diversity Not Far From City
The Long Island hamlet of Baldwin is a popular destination for home buyers seeking a suburban lifestyle with city amenities and conveniences.

Caesars Proposes a REIT Plan
Caesars Entertainment has approached senior creditors about a plan to convert the casino company?s largest unit into a real-estate investment trust as it works to restructure $18.4 billion in debt.

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