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 Initial
Loan Request
Completed
loan application.
Executive
Summary. Pro-forma.
Business
Plan.
Borrower
credentials with copy of license, bond, insurance, title report,
appraisal, market sales & rent comparables. Demographic,
economic, tourism data on the area .
Property
description with color photos. Proposed
building, site, floor, map plans.
Copy
of project zoning law, land uses and permits. Third
party reports (feasibility, environmental, engineering, permits ...). Status
of utilities and access to property. If land leased, copy of lease.
Copy of
purchase
& sale, earnest money agreement, deed and
last tax bill.
Last
three (3) years: borrower's W-2, personal income tax and corporate financial statements.
Year-to-Date Profit & Loss, balance sheet statements.
Projected
Cash-Flow statement for the next 5 years.
Collateral
Sheet.
Letter of
explanation with supporting documentation for any known credit problems.
*
Subject to change
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