Loan Summary:
A Completed MCC Loan Summary Form
Credit Authorization:
A credit authorization form must be completed for all Borrowers and Key Principals.
Property Information:
- Last two years (plus year to date) property financial statements or tax returns*
- Detailed Rent Roll
- Copies of leases
- Color pictures of property
Third Party Reports:
Include copies of any existing appraisal, environmental engineering, title and survey reports as available. The submission of existing reports may help speed the closing of your transaction.
Contracts/Agreements:
Include any purchase, sale or option contracts/agreements relative to loan as available
Payoff Letters:
Include all payoff letters stating mortgage balances owed and/or real estate tax bills substantiating back taxes owed
Borrower Information:
- Personal Financial Statement for Borrower & Key Principals
- Past three years tax return
- Tax returns and financial statements for business entities which will act as Borrower (if applicable)
- Resume or personal history description for Borrower and Key Principals
|
|
|
|
