LOAN APPLICATION INFORMATION
TYPICAL OUTLINE FOR IMPROVED PROPERTY
ACQUISITION and REFINANCE LOANS
___ Amount of financing required. Estimated LTV
____ Preferred date of closing of loan.
____Preferred duration of loan.
____Use of loan funds. If cashback is involved: show amount, intended use
___ Exit strategy for loan payback
___ Current financing (interest rate, term, years remaining, monthly payment, pre-pay penalty if any, lender)
___ Est. Market value of property, Total Assessed Value, Assessed Improvement Value
___ A complete, as-is description of the property: location; age; construction type; deferred maintenance; number and type of units; acreage; zoning; tenant amenities; parking; management company; location map; visibility from, or distance to, major arterials and freeways, retail, and public transportation; etc.
___Photos of property / buildings and links to Google map and satellite image of property
___For Retail/Office/Light Industrial: Lease summary of tenants (square footage; rent amount; scheduled rent increases; start date and expiration of leases; renewal options; vacancy; whether N, NN or NNN payments
___ Income/Expense summaries (including NOI and debt service) for 2016, 2017, 2018, YTD and 3 yr. pro-forma
___ Borrower contact information (name, company name and mailing address, telephone numbers, e-mail address).
___ Summary of Borrower’s CRE development and/or investment history.
FUTURE DEVELOPMENT PLANS
___Describe new buildings to be built on the property (type, the use, square footage, number of units)
If possible, provide proforma of costs, timelines of construction and stabilization, projected income and expenses and estimated increase of property valuation at stabilization (show Cap Rate used)
Not all items may apply.
Please add any other facts which you feel we should be aware of.
When preparing your document, please use headings, bullet-point style and charts for clarity.
Please submit in digital form to firstname.lastname@example.org
LIST OF SEPARATE DOCUMENTS--(submit when requested by Lender)
1. Personal/corporate financial statements
2. Three years personal/corporate tax returns
3. Title report and Property Profile
4. Recent appraisal, if any (don't order one)
5. Environmental report, if any
6. Purchase and Sale Agreement
7. Typical lease form
Please submit all documents/information in digital form to email@example.com
Ernest A. Rosenberg
P. O. Box 31, Bellevue, WA 98009