Commercial Loan Checklist (Note below list is for a full doc loan for a Stated loan exclude tax returns)
- Summary Letter to include (loan request,interest rate request,term etc.)
- Rent Roll
- Financial Statement or 1003 Loan Application
- Last 2 year Tax Returns (Business & Personal)
- Property Description (size,location,age,# of units etc.)
- 2 Year Income & Expense Statement
- Photo’s of property
- Purchase Contract (if a purchase)
- Credit Report
- Copy of Partnership Agreement (if a partnership)
- Construction Cost Beak Down (if a construction loan)
- Current Profit & Loss (if self employed)
- Escrow Instructions & Preliminary Title Report (if available)
Construction Loan Checklist
Thank you for your interest in Capital Equity Inc. Construction Loan Program. In order to consider a Construction Loan we will need the following from you:
- 1003 Loan Application
- Personal Financial Statement
- Entity Documents (LLC, Corp etc.)
- Two years Federal Income Tax Returns
- Copy of three most recent Bank Statement
- Escrow Instructions(if applicable)
- Title Insurance Policy (if available)
- Copy of Land Acquisition Settlement Statement (if available)
- Copy of the monthly Mortgage Statement
- Copy of Soils Report
- Environmental Questionnaire & Disclosure Statement
- Copy of the Building Plans
- Copy of the Construction Cost Breakdown
- Copy of Construction Contract
- Copy of Contractor’s Resume & Qualification