Conditions List

Underwriting Conditions List

The conditions list is presented in the order of priority. To begin a submission, we only require items one and two although 1-3 would be preferred. We are doing our best to make our loans as simple as possible where asset based lending to experienced operators is our business model. After submitting items 1-2, we can very easily determine if our company has an interest in the transaction. However, should you wish an expedient closing, the more items you can send us, the better.

  • Executive summary describing loan transaction
  • Business Plan on the Real Estate operator
  • Color Photos – this condition is very important as we do not require appraisals
  • Combined Prelim – dated within 30 days
  • Purchase Contract – if applicable
  • Original Hud 1 – If a refinance
  • Loan Application – Download Here
  • Credit Report – Download Credit Authorization Form
  • Bank Statements-3 months
  • Escrow Instructions + Vesting/Grant Deed
  • Entity Docs (if applicable) – Articles, EIN Letter, Operating Agreement
  • Mailing Address – for monthly statements
  • Operating or Expense Statement – on subject property
  • Schedule E for Borrower
  • Rent Roll / Copy of leases Download Rent Roll
  • Proof of Rent Deposits– 2-3 months (if able)
  • Insurance – Provide insurance agent’s information
  • Voided Check – From Account making loan payments

*Submit your conditions via email to [email protected]