How to Prepare a Financial Package For a Commercial Loan
Published 09-28-2018
*Not all Lenders or loan programs are created equal and each program has it’s own specific guidelines. This is a general list of the items you should start to prepare although additional loan information may be requested, depending on the loan program that you select:
Owner-Occupied Properties
3 years of federal business tax returns, including all statements (operating statements if the previous year is not yet filed or on extension)
Year-to-date business operating statements
Current business balance sheet, including current debt schedule
3 years of personal tax returns (W-2 if last year is on extension)
Personal Financial Statement
For refinance – current loan payoff including any prepay penalty
For purchase – executed Purchase & Sale Agreement
Interior/Exterior photos of the property, if available
Investment Properties
2 years of historical annual operating statements
Year-to-date operating statement (recourse loan) or trailing 12 month operating statement, broken out by month (non-recourse loans)
Current rent roll with square footage, move-in date, lease term, unit mix (apts/self-storage), options (retail/office/industrial), and extensions (retail/office/industrial)
Lease, including any amendments (single-tenant only)
Tenant sales numbers or financials, if available (single-tenant or anchor-tenant only)
Personal Financial Statement
For refinance – current loan payoff including any prepay penalty
For purchase – executed Purchase & Sale Agreement
Interior/Exterior photos of the property, if available
Not-for-Profit Borrower
NPO mission statement and history
Number of members
Number of giving units/regular donors
3 years of CPA-prepared operating statements and balance sheets
Year-to-date operating statement
Current balance sheet
Leadership resumes, including time with organization
NPO organizational chart, including key decision-makers
Information on parent organization, if branch of regional or national organization
** Please note that this list is for stabilized properties only. For a bridge or construction financial package, please click here.
