List of Documents

Total loan amount requested

Understanding of sources and uses

  • Current outstanding debt or acquisition cost
  • Planned repairs/renovations
  • Transaction costs

2009, 2010 and 2011 YTD operating statements

Borrower income/expense budget for the property

Current rent roll and Trailing 3 months rental collections

Physical description of property

  • Address
  • Year built/renovated
  • Unit matrix
  • Any affordability considerations
  • Any market or tenancy considerations

Understanding of Borrower’s net worth

  • Apartment ownership/management history (especially if a repeat Fannie Mae borrower)

Generally with this information we can give you a quote in 48 to 72 hours.  Should you have any question please Contact me.


One thought on “List of Documents

  1. Pingback: Financing Apartment Buildings « Commercial Finance

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