• Previous 2 years & year to date Income & Expense statement, or income tax statement for previous 2 years are required.
• Rent Roll (multi-family) or Lease Summary (commercial) including square footage of units.
• Copies of leases (if commercial) Rental Agreements (if multi-family).
• Property description including age, construction type, square footage, amenities.
• Location Map (from a Thomas Guide).
• Color Photos: (a) Front/ Rear of subject property/ (b) Street scene/ (c) Neighborhood.

Borrower Information

• Current Financial statement of borrowing entity & each principal.
• Profit & Loss statement if owner/ user.
• Use of loan proceeds.
• Original purchase information (if refinance).
• Previous 2 years tax returns (if available).
• Copy of purchase contract (if purchase).
• Credit Authorization / Current credit report.
• Broker Fee Agreement with Borrower/ Borrowing entity.

Property Eligibility

• Acceptable Properties
• Multi-Family 5 units & above.
• Free standing or Retail Strip Centers.
• Mixed-Use Properties.
• Office Buildings.
• Light Industrial.
• Commercial Usage or SFR on Commercial Zoned Land.
• Restaurant or Food Service, unless the Restaurant is a portion of the Retail Strip Center.
• Residential Usage of 1-4 Units.
• Bowling Alley, Theaters, Golf Courses or other specific use properties.
• Congregate Care or Assisted Living facilities.
• Land Loans.
• Forward Commitments.
• Construction Financing.

Information needed for mortgage requests.

• Plat Map.
• Subject & Land Sale, Rent Comparable, & Sale Comparable Location Map (maps can be separate).
• Subject Photos.
• Subject Floor Plans, Building Drawings, & Square Footage Calculations.
• Land Sale Comparable Photos (if over 50% of the total value).
• Rent Comparable Photos.
• Sale Comparable Photos.
• Subject Rent Roll (or Lease Summary).
• Subject Income & Expense Statements.
• Preliminary Title Report (or other assessor information).
• Statement of the Appraiser's Qualifications.