Quick reference tables are helpful tools for overall sizing of funding opportunities. Underwriting – General Guidelines and Mortgage Closing Checklist tables are included:
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MORTGAGE CLOSING CHECKLIST |
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PROJECT |
ECONOMICS |
LOCATION |
SPONSORSHIP/FINANCIAL |
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Physical Description |
Income & Expense Pro Forma |
General Area Description/Map |
Financial Statements |
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Site & Floor Plans |
Leases/Lease Summary |
Immediate Area Description/Map |
Resume & References |
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Survey/Legal Description |
Rent Roll |
Photographs including Aerials |
Credit Reports |
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Photographs/Drawings |
3-year Operating History |
Market Survey & Comparables |
Sources & Uses Statement |
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Appraisal/Third-Party Reports |
Original Cost/Capital Budget |
Demographic/Trade Area Reports |
Ownership Documents |
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Brochures |
Existing Debt Terms |
Zoning/Easements/Restrictions |
Vendor Information |
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Misc. (Ground Lease, etc.) |
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Notes: (1) Subjective rating of traditional income properties (apartments, industrial, office, retail.) Credit properties must be investment-grade and self-amortizing.
Disclaimer: The information contained herein is compiled from various sources deemed reliable, but is not guaranteed to be accurate and may contain typographical errors and/or be incomplete. Statements, opinions and estimates presented herein are subject to change without notice and are independent of sources mentioned. Quotation not permitted without written permission. Past performance does not indicate future results.
Sources: The Real Estate Capital Institute®, CNNMoney.com, US Federal Reserve. Disclaimer: The information contained herein is compiled from various sources deemed reliable, but is not guaranteed to be accurate and may contain typographical errors and/or be incomplete. Statements, opinions and estimates presented herein are subject to change without notice and are independent of sources mentioned.Quotation not permitted without written permission. Past performance does not indicate future results.