Project Overview
A text-based narrative describing:  (a) Who are the borrowers? (b) What are the specifics of the loan request, detailing overall project costs vs. loans vs. equity/sourced funds? (c) Where is property located? (d) When does transaction need to be funded? (e) Why do borrowers need financing (f) How much money does borrower need and how will financing be used?

Please specify Project Costs (example: purchase real estate $900K, renovation $200K, soft costs $100K, marketing $30K, etc.).

Rent Roll
If more than 1 unit, a copy of the rent roll dated within the last 60 days (signed and dated by either the borrower or the seller).  The rent roll must detail:  (a) "as of" date (b) tenant name (c) unit number (d) rent amount (e) square footage (f) lease start and lease expiration dates (g) units that are Section 8.  Please also identify if the rental units are on a month-to-month basis. If property is a mobile home park, please make sure that the pad and the trailer rental amounts are separated. If the property is a triple net deal, please advise.

Property Statements
The last 2 years and year-to-date income operating expense statement for the property.  If last 2 years not available, then last 2 years Schedule E from the seller on this property.

• If owner occupied purchase:  last 2 years income operating and expense reports plus year-to-date reports.
• If property owned < 2 years:  1 year of taxes and a year-to-date report.
• If property owned < 1 year:  monthly income and expense report (a.k.a. - monthly trailing report), since time of purchase.

Photographs
Where possible, provide digital color photographs of the property.

Personal Income Tax Returns
Provide complete copies with all schedules for the last 3 years on all owners, partners, officers, directors, guarantors, and stockholders with 20% or more stock ownership.

Personal Financial Statement
Using BLUE INK, provide signed and dated statements within 45 days on all owners, partners, officers, directors, guarantors, and stockholders with 20%+ stock ownership.

Tri-Merge Credit Report
Each 20%+ owner needs to submit a tri-merge credit report showing all 3 credit scores, dated within the last 60 days.

Management Resume
Provide for all owners, partners, officers, directors, guarantors, and stockholders of record.

At the lender's request, additional documentation MAY be required:

History of Business and Benefits of Loan
Provide a narrative of the business containing as much information as possible about start-up, ownership, nature of the business and its products/services, marketing and customer profile, major past accomplishments, long-term goals, etc.  Be sure to explain how the loan for which you are applying will benefit your business.  Pictures, brochures or advertisements, a list of key customers and major competitors are helpful exhibits to attach.  (For a new business, this information should be in the form of a business plan and/or feasibility study.)

Accounts Receivable and Accounts Payable Aging
Provide agings as of the current interim financial statement.

Business Debt Schedule
Provide a current business debt schedule as of the current interim financial statement.

Projected Income Statement
Provide projections by month for a minimum of one year if loan proceeds will be used for expansion or for a new business, if business cycle is seasonal, or if trends are erratic.  Projections must include detailed assumptions.

Articles of Incorporation/Organization (filed copies), Bylaws (if applicable, amendments), Certificate of Incorporation/Organization, Assumed Name Certificate, and/or Partnership Agreement