Commercial real estate
                    loans
Commercial Real Estate Loans - Acquisition - Refinance - Bridge - Hard Money
 
Low Rate investment fund commercial real estate loans
 
commercial real estate  Hard money Loans
 
commercial real estate Bridge Loans
 
commercial real estate Refinance

Multi Family Acquisition, Refinance, Blanket and Bridge Loan Items

 
 
Purchase Loan Summary MultiFamily

POF or LOE for source of cash injection
SREO
Income & Expense for 3 years and YTD
Rent Roll and associated current leases
Trimerge Credit Report for all owners 20% or more
Personal Financial Statement for all owners 20% or more
The supplied PFS is an SBA form which does not necessarily imply an SBA loan
 
(If multiple owners please submit organizational documents)
Short bio / executive summary exhibiting ownership and multifamily operating experience

Digital Photos (Interior and Exterior)

Other property specific info if not already included in submission form:

Subject Property:

If files are submitted please name submitted files as follows if applicable. File names such as 09085.doc are difficult to process.
Items requiring simple answers can be on a separate all inclusive document.

Sources and Uses of funding
Address of property
An outline of the legal structure for the sponsor
Are you working with any other mortgage brokers and / or lenders
Four (4) years tax returnsnFour (4) years of internal YE statements
Copy of the occupancy report for the above year-ends
Current and corresponding YTD interim financial statement
Rent roll as of the YTD interim financial statement date
A TTM (Trailing Twelve Months) for the most current YTD statement
Five years projections with assumptions
History of property, including the number and types of units, rent per unit type, break out of unit types, number of floors, total SF, age of property, etc
Detailed list of renovations performed and when
Detailed list of renovations currently needed and associated costs
Who will manage the property and their experience
If a management entity is used how many MF properties and units do they manage
Why is the property being sold
When does your Escrow deposit go hard
Copy of current Property Inspection Report
Copy of Insurance Binder
Copy of purchase Agreement
Copy of previous appraisal
Copy of previous environmental assessment

Submit documents to submit@michaellewisgroup.com or send us a drop box link via email for all completed documents.
 
Once the above documents are submitted be prepared to submit the following additional documentation which may be requested (if applicable):
 
Other entities owned by sponsors:
Four (4) years tax returns for all other businesses / properties owned
Current and prior YTD interim financial statements for each property
Current YTD TTM for each property
Rent rolls for other properties owned as of YTD 2012 f/s above
Debt schedule of for each property

Forms download:

 
Borrower credit signature authorization
Loan Proposal Summary Multi Family intake
Operating Statement Income Expenses Report
Personal Financial Statement
Rent Roll
SREO

 


 

 
 
 
  Michael Lewis Group Commercial Real Estate Loans
  
CONSULTANT REPRESENTS THAT IT IS NOT A LICENSED SECURITIES DEALER, AND THAT ANY AGREEMENT MADE BETWEEN PARTIES IS NOT INTENDED FOR THE PURPOSE OF BUYING, SELLING OR TRADING SECURITIES.