Resources

Checklists of Needed Items

Review the checklist categories commonly requested for different commercial and investment property financing scenarios.

Why Checklists Matter

Organizing required documents early helps streamline review and keeps your financing request more complete from the start.

Construction Loan Checklist

Use this checklist to prepare the key documents commonly requested for construction and development financing.

17 items
Executive summary of the development
Construction budget including hard and soft costs
Background / bio on each partner
Background / bio / recent similar projects for architect, contractor, and construction manager
Personal financial statement for each partner with 10% or more interest
Last two years’ 1040 tax returns for each partner with 10% or more interest
Proposed sale prices and marketing plans for completed units (if condominiums)
Comparable sales information
Rental analysis of the property
Copy of fully executed purchase contract
Copy of approved building plans
Copy of zoning analysis
Copy of deed
Evidence of required development rights
Project timeline
Copy of contract between developer and general contractor
LLC agreement or articles of incorporation of entity, if any

Hotel/Hospitality Financing Checklist

Prepare these documents for hotel and hospitality acquisition or refinance financing review.

15 items
Income/expense statement for the last 3 years with monthly and annual figures
Summary of all commercial or departmental leases and franchise terms
Complete detailed physical description including square footage
Copy of full executed contract of sale (if acquisition)
Originally paid price, purchase date, and summary of current financing (if refinance)
Photos (at least 5)
Property survey or site plan
Summary of current financing including lender, balance, rate, payment, maturity, and prepayment penalty
Current personal financial statement
Last three years’ business tax returns
Background / bio for each partner and ownership entity
Background info on management company, if separate
Renovation history for at least 3 years
Current business financial statement
Last two years personal tax returns

Multi-Family or Mixed-Use Property Checklist

Checklist category available for multi-family and mixed-use financing requests.

4 items
Property and borrower information
Operating and income-related documents
Supporting property records and ownership documents
Financial statements and related underwriting materials

Owner-Occupied Business Checklist

Checklist category available for owner-occupied business property financing.

4 items
Business and borrower information
Property-related documents
Financial statements and tax records
Supporting underwriting materials

Shopping Center / Industrial or Office Building Checklist

Checklist category available for shopping center, industrial, and office building financing.

4 items
Property and lease-related documents
Financial and operating statements
Ownership and entity information
Supporting underwriting materials
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