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Commercial Mortgage Loan Checklist

The following list will help you identify the types of information a banker or broker will need to make an informed decision about your business:

  • Executive Summary
  • Three years income tax and financial statements
  • Year-to-date profit & loss and balance statement
  • Personal financial statements for each borrower
  • Projected cash flow statements for next 12 months
  • Pro forma for next 12 months / length of loan
  • Federal and state tax information
  • Collateral sheet
  • Well written business plan
  • Signed Fee agreement between broker and borrower
  • Digital photos of property
  • Property Description
  • Evidence of Zoning, conforming or non-conforming use
  • Purchase contract and latest closing date
  • Current Rent Roll
  • Bios on all principals detailing commercial real estate experience
  • Environmental Questionnaire

 

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