While we understand that borrowers do not always
have a full package to present to us initially, the following is a checklist of
information that we would like to have as soon as possible, and which will
eventually be required. Please feel free to print this page out to use a
reference for gathering your information.
|
|
1. |
Contract of Sale (acquisition only) |
|
2. |
Operating Statement Summary Including Trailing
12 Month History |
|
3. |
3 Years of Operating Statements, Certified by
Borrower as True and Correct |
|
4. |
Current Rent Roll, Certified by Borrower as
True and Correct |
|
5. |
Résumé from Borrower, All Principals of
Borrower and Property Manager |
|
6. |
Copies of Leases |
|
7. |
3 Years of Sales Figures for All Retail Tenants
Paying Percentage Rent |
|
8. |
Occupancy Summary, Last 3 Years |
|
9. |
Most Recent Appraisal (if any) |
|
10. |
Most Recent Environmental Report (if any) |
|
11. |
Most Recent engineering Report (if any) |
|
12. |
Current Year's Operating Budget |
|
13. |
Current Year's Capital Budget |
|
14. |
2 Years of Borrower's Financial Statements,
Certified as True and Correct |
|
15. |
Marketing Materials, Property Brochures, Photos
and Maps |
|
16. |
Existing Insurance Policy/Insurance Binder |
|
17. |
Copies of Paid Tax Receipts/Current Tax Bills |
|
18. |
Trade References |
|
19. |
Management Agreement and Management Company Résumé |
|
20. |
Standard Form of Lease and Description of
Tenant Concessions |
|
21. |
Accounts Receivable Schedule |
|
22. |
Copy of Ground Lease, if applicable |
|
23. |
Existing Survey |
|
24. |
Evidence of Zoning Compliance |
|
25. |
Corporate Organizational and Authority
Documents |
|
26. |
Schedule of Existing Debt (lender, balance,
rate, exit fees,/penalties, etc.) |
|
27. |
Copies of Tax Returns (personal and corporate) |
|
28. |
Franchise Agreement, Schedule of Advance
Bookings, ADR (hotels only) |
|
29. |
Disclose and Owner-Occupied Space, Subleasesd
Space or Master Leases |
|
30. |
Copies of Operating Leases or Contracts
(laundry, landscaping, etc.) |
Suite 402