Loans for Commercial and Multi-Unit Properties in Sarasota Florida
The process for obtaining a Commercial Loan begins with the entry of an EXECUTIVE SUMMERY FORM.
The form covers several important areas of information that are used to conduct a search of available lenders and their Rate and Terms for a particular loan type.
1) Contact Information
2) Property Description
3) Additional Collateral
4) Borrowers Desired Loan Terms
5) Personal Information Via Resumes, 1003's and Financial Statements for all borrowers
6) If it is income producing then a Rent Roll or Profit and Loss Statement is needed
7) Credit Files all borrowers
8) Property Appraisal
9) Use of Funds Statement
10) Transaction Description and Exit strategy