Investment Property
Any property where rents are collected and is the main source of paying the mortgage and other property related expenses.

Required for issuing a lender letter of interest (LOI) or pre-approval which details rate and terms:

• Rent Roll / Schedule of Leases
• 3 years P&L (or appropriate schedule from tax return)
• 3 years personal tax returns for personal guarantor(s)
• Personal financial statement for personal guarantor(s) (or residential loan application)
• Purchase contract (if a purchase)
• Credit report (tri-merged, we will run)

After initial review we will also need:

• Lease agreements
• Appraisal
• Insurance information
• Payoff information

Owner-Occupied Property
Any property where the source of loan repayment is the owners business (even if held as a separate entity). If the property is partly leased and part owner occupied, you will need to provide everything required in both sections.

Required for issuing a lender letter of interest (LOI) or pre-approval which details rate and terms:

• 3 years business P&L and Balance Sheet
• 3 years business tax returns
• 3 years personal tax returns for personal guarantor(s)
• Personal financial statement for personal guarantor(s) (or residential loan application)
• Purchase contract (if a purchase)
• Credit report (tri-merged, we will run)

After initial review we will also need:

• Appraisal
• Insurance information
• Payoff information

New Construction or Substantial Rehabilitation:

• Brief executive summary explaining use and income source from the property and background of the organization to be the proposed real estate.
• Simple recap of Construction Costs.
• Plans and Specifications for construction.
• Most current rent roll if the loan is for acquisitions with substantial rehabilitation.