APARTMENT BUILDING / MULTIFAMILY / MIXED-USE PROPERTY    


 

LIST OF ITEMS REQUIRED TO UNDERWRITE A

(The need for items #10-13 will vary according to each situation)

 1.CURRENT RENT ROLL including:
Regulated units (controlled, stabilized)
Apartment numbers
Room/Bathroom Count 
 

2. COMPLETE INCOME/EXPENSE STATEMENT on the property including:
Annual property taxes
Insurance
Water/Sewer
Fuel, Electricity
Maintenance/Repairs & Management 
 

3. SUMMARY OF ALL COMMERCIAL LEASES (if any) showing escalations & expirations. 

4. COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE.

 

5. IF ACQUISITION, PROVIDE COPY OF FULLY EXECUTED CONTRACT OF SALE .

 

6. IF REFI, PRICE ORIGINALLY PAID FOR PROPERTY, date of purchase and summary of current financing. 

 

7. PHOTOS, if available. 

 

8. SITE PLAN OR PROPERTY SURVEY, if available. 

 

9. SUMMARY OF CURRENT FINANCING (refinance only) including:  Current lender Current principal balance Current interest rate Current monthly payment Maturity date Prepayment penalty information 

 

10. CURRENT PERSONAL FINANCIAL STATEMENT (where applicable) 

 

11. CURRENT BUSINESS FINANCIAL STATEMENT (where applicable) 

 

12. LAST TWO (2) YEARS’ PERSONAL TAX RETURNS (where applicable) 

 

13. LAST TWO (2) YEARS’ BUSINESS TAX RETURNS (where applicable) 

 

14. PERMISSION TO RUN CREDIT REPORT(S): Please print the CREDIT REPORT AUTHORIZATION.  (Please make copies for each individual in the case of a corporation or partnership, complete and fax back to 866-460-2265).
  

 

 

 

 
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