If you are like most investors, you want your commercial loan to close in the shortest amount of time, and with ease. We have the ability to close our clients loans in as little as 2.5 to 3 weeks when our clients are prepared.

In order to do this, we suggest that prior to applying for your loan, it helps to collect and prepare and provide supporting documents the underwriter will ask for. In order to keep the time frame to a minimum you should provide the following documents with your application when possible.

Inform your lawyer and accountant that you are applying for a commercial loan, they then will be prepared to provide documents that you may need.

Have your last 2 years most recent tax returns ( inform your accountant that you are applying for a commercial mortgage loan and he will be able to provide originals) If you have filed for an extension, have it available.

Prepare or ask your accountant to prepare a year to date personal financial statement and business operating statement

Have at least 2 to 3 months of bank statements available ( include all pages)

If the borrowing entity if a corporation, have your articles of organization available and make sure that it is in good standing.

If you are purchasing commercial Real Estate , have your purchase contract available

If you are purchasing rental properties, have the leases available and make sure they are valid.

If you are refinancing an investment property, have payoff statements available.

Although we will require an appraisal,  it won't hurt to provide a recent appraisal if you have it available.

If you have derogatory accounts included in your credit report, it won't hurt to have a letter of explanation available.