Commercial Real Estate – Multifamily And Income Producing – Residential Investor Checklist

Full Documentation Loans

Refinance Checklist
1. Executive Summary/Loan Request Overview
2. Rent Roll
3. Profit & Loss or Schedule E for subject property [three years previous and current year-to-date]
4. Profit & Loss for subject property: 12 months trailing
5. Profit & Loss for subject property: 12 months projected
6. Use of Funds
7. Articles of Incorporation
8. Personal Financial Statement or 1003
9. Schedule of Real Estate Owned: business and personal
10. Tax Returns: business and personal [three years previous]
11. Profit & Loss or Schedule E: all business entities [three years previous, current, and current year-to-date]
12. Balance Sheet: all business entities [three years previous and current year-to-date]
13. Pictures of subject property: interior and exterior color photographs

Purchase Checklist

1. Executive Summary/Loan Request Overview
2. Purchase and Sales Agreement
3. Realtor (selling/listing) contact information
4. Rent Roll (Seller)
5. Profit & Loss or Schedule E for subject property [three years previous and current year-to-date] (Seller)
6. Profit & Loss for subject property: 12 months trailing (Seller)
7. Profit & Loss for subject property: 12 months projected
8. Articles of Incorporation
9. Personal Financial Statement or 1003
10. Schedule of Real Estate Owned: business and personal
11. Tax Returns: business and personal [three years previous]
12. Profit & Loss or Schedule E: all business entities [three years previous, current, and current year-to-date]
13. Balance Sheet: all business entities [three years previous and current year-to-date]
14. Pictures of subject property: interior and exterior color photographs (Seller)

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