Loans on commercial property are categorized into the different property types they represent. The following information is meant to help you understand how lenders look at commercial property loans. The first question you must answer is : owner occupied or investment? The second question is what type of property : office, industrial, retail, apartments, mixed-use (retail with residential) or other?

If the property is investment property, then you are receiving rents from tenants. We will want to know the name of the tenants, the amount of the rents, the lease dates, and who pays the utilities. This document is called a rent roll, and we can provide a blank form for you to fill out. To get a traditional bank loan, you will typically need to have 80% occupancy or higher, and we will determine the loan amount based on the rents you are receiving. When the property does not have sufficient occupancy or rents, but will sometime in the future, you will probably be directed into a private money loan.

If the property is owner-occupied, we will use the financial reports from your business to determine how much can be loaned against the property.

1. 2 years tax returns on business - all pages, all schedules!
2. 2 years of personal tax returns - all pages.
3. Current YTD Profit and Loss and Balance Sheet on your business.
4. Current personal financial statement on the borrower, which lists ALL assets and liabilities. Please match up all mortgages to the properties owned.