Commercial RE Loan Checklist

Commercial Real Estate Loan
Submission Checklist


The following are general document requirements.

Property Information
b
  • _____ Description of property.
  • _____ Property Appraisal (If available.)
  • _____ Purchase Contract (If applicable.)
  • _____ Contractor costs statement (If applicable.)
  • _____ EPA Phase 1 report.
  • _____ Current rent roll with expirations (Previous year as well, if available.)
  • _____ Building expenses – last 2 years.
  • _____ Cash Flow Analysis of Building.
  • _____ Utility bills – last 2 years.
  • _____ Real estate taxes bill(s).
  • _____ Copy of all Leases.
(The following can be delivered later, but will be necessary for due diligence.)
b
  • _____ Plat of Survey (If available.)
  • _____ Floor Plans (If available.)
  • _____ List of any known material building defects or property liabilities.
  • _____ Partnership agreements (with ownership shares identified) and partnership management agreements.

Personal Information

b
  • _____ Financial statements (Current for managing principals only.)
  • _____ Personal Income Tax Returns – last 2 years.  (First two pages only for managing principals only.  Full tax returns may be required during due diligence.)
  • _____ Bios of managing principals.
  • _____ Authorizations for pulling credit of managing principals.


 
Case in point...