Commercial Real Estate Loans can help you purchase a wide range of retail, office, warehouse, industrial, apartment, special use and mixed use buildings. Here is the list of main documents required for commercial loan application:
- Commercial Tenant Leases (Not applicable to multifamily/apartments)
- Rent Roll (Current & Signed by borrower)
- Previous Full year and YTD income and expenses on subject property (If applicable)
- Preliminary Title report – if available
- Purchase Agreement & any Counteroffers, Amendments and/or Addendums
- 2 years Federal Tax Returns, including ALL K1’s, 1099’s and matching W2’s
- Most recent paystubs (If applicable for borrowers with W2 income)
- Most recent 2 years partnership tax returns for all entities in which borrowers own 20% interest or more
- Year to Date Profit and Loss for all business and corporation income
- Most recent 2 months bank statements for ALL bank/brokerage accounts
- Schedule of Real Estate Owned
- Mortgage Statements for all properties owned as listed on Schedule of Real