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Commercial & Construction Loan Checklist

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