Shopping Center/Industrial or Office Building Checklist

Checklist

1. Current rent roll including:

• SF of units
• Lease abstract details such as
• Escalations, commencement and expirations, add-ons, description of tenant, description of any added rent that the tenant is responsible for (in addition three year historical data would be ideal)

2. Complete income / expense statement on the property including:

• Annual property taxes
• Insurance
• Water / sewer
• Fuel electricity
• Maintenance / repairs
• Management
• Leasing commissions, tenant improvements

3. Complete detailed physical description along with the site plan or property survey.

4. If refinance, price that was originally paid for the property, date of said purchase and summary of current financing.

5. If acquisition, provide copy of fully executed contract of sale.

6. Photos (at least 5)

7. Summary of current financing (refinance only) including:

• Current lender
• Current principle balance
• Current interest rate
• Current monthly payment
• Maturity date
• Prepayment penalty information

8. Information on management company, if separate from ownership.

9. Current business financial statements

10. Current personal financial statements

11. Last two years personal tax returns

12. Last two years business tax returns

Contact our Loan Specialist for assistance with any checklist item.