(1) CURRENT RENT ROLL or COMMERCIAL LEASE SUMMARY including:
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• Square Feet of Each Unit
• Lease details such as: Type of Lease (Gross, NNN, Modified Gross) Escalations, commencement & expiration dates, add-ons, description of tenant, Description of any added rent that the tenant is responsible for "CAM"charges, etc.
(2) COMPLETE INCOME/EXPENSE STATEMENT on the property
Most Recent 12 month period or Year to Date for the current year:
(3) CURRENT PERSONAL FINANCIAL STATEMENT – PFS
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(4) LAST TWO (2) YEAR'S PERSONAL TAX RETURNS (Federal Only, all pages)
(5) LAST TWO (2) YEAR'S BUSINESS TAX RETURNS (Federal Only – all pages)
(6) LAST TWO (2) YEARS – LLC OR SIMILAR HOLDING ENTITY TAX RETURNS (Federal only – all pages)
(7) PROVIDE COPY OF FULLY EXECUTED SALES CONTRACT (Purchase Only)
(8) PHOTOS of the Property – Outside and Inside
(9) Current Mortgage Statement to be paid off (Refinance Only)
(10) Copy of the Mortgage Note or Promissory Note (Refinance Only)
Needed to verify terms of payoff loan, prepayment penalties, etc