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Loan Checklist

Loan ChecklistDocuments required vary from loan to loan, but here are the general documents needed for each type of loan:

  • Completed Loan Application
  • Renovation Budget (if applicable)
  • Property Projections (if applicable)
  • Real Estate Investment Experience Spreadsheet
  • Contact Sheet (All contact information for everyone involved in the property purchase from guarantors, lawyer, appraisal point of contact, title company, etc.)
  • Credit Authorization Form (for all company owners over 20%)
  • ACH Form (for wire transfers)
  • Articles of Organization (LLC, S-Corp, etc.)
  • EIN # or Tax ID #
  • Company Operating Agreement (with ownership share percentages)
  • Photo ID (for all company owners over 20%)
  • Two current bank statements
  • Purchase contract
  • Other pertinent items such as: Bankruptcy Discharge Notice or Divorce Decree