This is a checklist of the required documents needed when we handle your commercial and construction loans.
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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.

 
 
 

Wall Street Journal
Commercial News

3/7/21

WSJ.com: US Business

Your Company Might Soon Offer a Covid Vaccine
Large employers including meatpackers, airlines and pharmaceutical companies are joining the race for scarce doses of Covid-19 vaccines, looking to speed up inoculations of their employees.

Electric Vehicles Are the U.S. Auto Industry's Future---If Dealers Can Figure Out How to Sell Them
Auto executives and investors buzz about EVs, but many dealers say battery-powered cars, and even hybrid models, remain a tough sell to mainstream car shoppers.

Huawei Loses Cellular-Gear Market Share Outside China
Huawei?s share of revenue from selling wireless-equipment around the world, excluding China, fell 2 percentage points last year, a signal the U.S. campaign to curb the Chinese manufacturer is starting to make an impact.

China-Linked Hack Hits Thousands of Microsoft Customers
The cyberattack on the company?s Exchange email software is believed to have infected American businesses, government offices and schools.

The Best Password Managers and Security Tips: How to Solve Your Login Problems
Dealing with passwords is about as pleasant as cleaning gutters or filing taxes. But it is just as important. Don?t wait until someone?s stolen your identity or wiped your bank account.

February Hiring Sets Up Stronger Spring Recovery
Hiring accelerated as restaurants and other hospitality businesses reopened and coronavirus cases eased, with U.S. employers adding nearly 550,000 jobs in the first two months of the year.

Hard-Hit Industries Gain Jobs on Long Road to Recovery
Employment picked up last month for the leisure and hospitality sector, as well as retail and manufacturing, but job totals remain well below pre-pandemic levels.

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