Send Us A Loan

HOW TO SEND US A LOAN REQUEST

 FOR A CONDITIONAL LOAN COMMITMENT: 

  1. Download the Loan Request Workbook and Complete the “Questions* Sheet.
  2. Property Documents:
    • 2 most recent years and YTD P&Ls (please proved Schedule E’s or ownership entity tax returns where available).
    • Current Rent Roll or Lease Summary.
    • Current Tax Bill (if a refinance).
    • Current Note and Mortgage Statement (if a refinance).
    • Current or old BPO, Appraisal, and Phase 1, if available.
    • Rehabilitation Budget and Marketing Plan (if applicable).
  3. Guarantors:
    • 1003
    • PFS.*
    • SREO.*
    • Credit Report – all 3 bureaus and credit scores.
    • Current Liquidity Statements.
    • If an Owner-User property:
      • 2 years of business tax returns, all schedules.
      • Most recent YE and YTD P&Ls and a Balance Sheet.
  4. Purchases:
    • Executed Purchase & Sale Agreement & Amendments.
    • Preliminary Title Report
    • Offering Memorandum or Listing Sheet.

 FOR A COMMITMENT LETTER, ALL OF THE ABOVE PLUS:

  1. Receipt of acceptable Appraisal and Phase 1 in DRC’s name, if required.
  2. Receipt of Borrowing Entity Documents:
    1. Articles of Incorporation or Organization.
    2. By-Laws or Operating Agreement and all Amendments.
    3. IRS EIN Letter
    4. Certificate of Good Standing.
  3. Last 2 Years of Entity Tax Returns (if previously existing) and a YTD P&L.

*These forms are available in the Loan Request Workbook if you don’t have them readily available.

1-888-578-5441