Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
Written by Leane Eicoff| September 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:
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
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)
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.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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