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     Contact Us

 
 
 
  © 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.