Commercial Loan Application Process
How to Prepare a Financial Package for a Commercial Construction Loan
Keep in mind that each Lender has it’s own specific guidelines and that commercial construction loans take quite a bit of diligence before they are approved. This is only meant to be a general list of the items you should consider preparing in advance of contacting Lenders for an investment construction loan*:Project Executive Summary, including schedule of Sources & UsesStatus of entitlements and permits (regulatory letters, if available)Resumes for Architect, General ContractorAIA bid submission, if availableFeasibility/market studyMarketing planList of all Sponsors (including spouses) with at least 10% ownership in the propertyPersonal financial statement (PFS), including a schedule of ...
