Commercial Loan Checklist

In general, the documentation you will need includes:
Broker's Fee Agreement
Subject Property Information
Purchase Agreement.
Legal Description of subject property
Copy of all current leases
Income and expense statement                                                                                                             
Financial Information

 

 Personal Tax Return
Corporate Tax Returns
Personal Financial Statement of Borrwer
Balance Sheet
Deposits on Account

Miscellaneous

Complete Set of Finished Bluprints(if applicable)
Brief Rental History of subject property for last (3) years
Detailed description of improvements to subject property
     along with cancelled checks(if applicable)
Other-depending on loan type /property type (will advise) 

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