Borrower Documents
Borrower Documents
Purchases
Purchase Contract - Fully Executed, Not Expired
Refinances
Provide Most Recent Mortgage Statement
Residential Transition Projects
Itemized List of Work - Including Bids
Corporation/LLC Documents
Articles of Incorporation/Organization
Bylaws/Operating Agreement
Certificate of Good Standing
Lease Documents
Executed Lease Agreement(s)
Rent Roll and P&L Statement - if multi-unit
Contractor Documentation to include with Residential Transition Loans
- State Contractor's License
- General Contractor's License
- Insurance Declaration Page - Commercial Liability minimum $1M in coverage or Personal Liability Policy on Subject Property
- Worker's Compensation Insurance Declaration Page or Letter of Exemption Stating Contractor does not have Employees
- Contractor's Driver's License
- Completed W-9 - if applicable
- References - 2 from previous clients
- References - 2 from previous subcontractors/suppliers
Broker Submission Documentation
- Broker Submission Form
- Completed Borrower's Package
- If Residential Transition Financing - Completed Contractor Documentation
- Borrower's Credit Report (less than 90 days old)
- Appraisal* (less than 90 days old)