COMMERCIAL LOANS CHECKLIST

In our efforts to make the loan approval process as easy as possible, we've created the following checklist that outlines the documentation you will need to provide with your loan application. Sometimes, we may need additional information that is not part of this list. In those cases, we will be sure to let you know as soon as possible.

Documents Required for Loan Pricing

• Completed and signed Commercial Loan Application
• Completed and signed 1003 Application
• Tri-Merge Credit Report

Additional Documents Required for Complete Underwriting

• Signed Conditional Pre-approval letter
• Purchase and Sales contract, if applicable
• Certified Current Rent Roll
• If available, past 2 years and YTD operating statements for subject property
• If available, color photos of property
• Current real estate tax bills
• Certificate of Occupancy
• Completed Environmental Questionaire and any recent environmental reports for the subject property
• Proof of insurance (hazard, liability and business interruption) with Lender as loss payee, additional insured and mortgagee
• 2 months most recent bank statements and verification of funds to close

For Refinances:

• Last 12 months payment history, including the terms for mortgage(s) being satisfied
• Payoff letter(s) for mortgage(s) being satisfied

For Self-employed Borrowers

• Last 2 years and YTD financial statements for the business entity
• Last 2 years complete, signed IRS tax returns for the business entity

For Individual Borrowers and Guarantors:

• Last 2 years personal signed IRS tax returns
• Pay stubs for last 30 days

For Business Entities as Borrowers:

• Organization documents (Partnerships and Trusts may require other documentation)
• If property is located outside the borrowing entity's state of incorporation or formation, a copy of authorization to do business in that state dated within 30 days of closing is required
• Corporate Resolution permitting Borrower(s) to obtain debt on behalf of the business

For Investor Properties

• Last 2 years and YTD financial statements of tenant

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