This is the list of supporting documents for the purchase financing of a proposed commercial real estate loan.
Upon completion of Winston Rowe & Associates initial due diligence review. The financing proposal will be submitted to One or more of our capital sources for consideration and possible financing.
You will be required to complete additional capital sources [lender] forms, applications, documents or additional supporting documents not listed here.
Please review our website concerning submission procedures, policies and services at http://www.winstonrowe.com
Purchase Commercial Loan General Submission Procedures:
Winston Rowe & Associates and its capital source(s) utilizes a global approach during the due diligence investigation [review].
All files must be submitted electronically via email as an attachment. Named properly.
Incomplete loan files will not be processed.
If there are material misrepresentations made by the client or the client’s representative, the transaction will be terminated.
Borrowers must make themselves available to underwriting to answer questions pursuant to the material facts of the transaction(s).
Document files need to be properly named, with headers within each document identifying contents, date created, property and borrower.
The nomenclature to use for files is [property name, document type, date submitted] for example Property Name – Document Type – Date
Business Financial Supporting Documents:
Bank Statements for Proof and Source of Down Payment Funds
Business Profit & Loss 3 Years
Income & Expense Statement 3 Years
36 Months Detailed Business Bank Statements
Property Supporting Documents:
Schedule of tenant leases
Copies of tenant leases
Schedule of Units with Square Foot Per Unit Excel Format
Schedule of all major improvements to be made with cost breakdown to subject property
Exterior Photos of Subject Property Photos of Parking Lot, Street view
Interior Photos of Subject Property
Subject Property Tax Documents with Amounts
Insurance Binder with Annual Costs
12 Months Utilities
Property Income & Expense Statement YTD 12 Months Trailing
Use of Proceeds in an Excel Format for Improvements to Property
Guarantor Supporting Documents:
4506 (T) executed
Tri merge credit report from http://www.creditchecktotal.com for all investors
Government issued photo ID copy – Front and Back
Full detail personal and business bank statements YTD for 36 Months YTD
Personal financial statement for all guarantors and investors YTD for 12 Months YTD
3 Years Federal and State Income Tax Returns for all Guarantors and Investors
Articles of Incorporation
Schedule of Real Estate Owned
Schedule of Corporations / Businesses Owned
Winston Rowe & Associates Forms:
You are required to complete the following forms.
This was sent to you as an excel workbook.
Personal Financial Statement
Income & Expense Statement
Real Estate Owned
Businesses / Corporations Owned
Schedule of Tenant Leases
Improvement to Subject Property
Business Debts to be Consolidated