Loans for Commercial and Multi-Unit Properties in Saint Petersburg Florida

By
Mortgage and Lending

Loans for Commercial and Multi-Unit Properties in Saint Petersburg Florida

The process for obtaining a Commercial Loan begins with the entry of an EXECUTIVE SUMMERY FORM.

Tampa Business District

 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

 

Posted by

Jim Poole

Senior Loan Officer NMLS #351358

813.205.7958 Mobile

jptampa@live.com 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Florida Pinellas County Saint Petersburg Downtown St Petersburg
Tags:
loans for commercial and multiunit properties in saint petersburg florida

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
161,744

Jim Poole

Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Ask me a question
*
*
*
*
Spam prevention

Additional Information