Minimum Documents for Letter of Intent
1. Submission Form/Loan Summary – including loan details, debt servicing, and exit strategy
2. 1003 or Fannie Mae 3.2 File, or Personal Financial Statement
3. Recent Appraisal or Pictures
4. Recent Credit Report
Documents Required per Loan Submission
Residential Loan- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Investment Properties - Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
Multi-Family Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Rent Rolls 6 month trailing
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years
Commercial Loans- Private money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years
Construction Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE Exit Strategy
6. Development or Construction Costs Breakdown Sheet
7. Draw Schedule
8. Executed Purchase Contract for a Purchase
9. Contractor Resume
10. Appraisal or Pictures w/ MLS Sold Comps – FUTURE/COMPLETION APPRIASED VALUE
11. YTD Balance Sheet with YTD P&L for 1 year
Rehab Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Investment Properties - Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps FUTURE APPRAISED VALUE
9. Rehab cost-breakdown
10. Rehab draw schedule.
Take-out loans- Porfolio Money
Products Available Include...
· Residential
· Commercial
· Construction Completion
Minimum Documents for Letter of Intent
1. Submission Form/Loan Summary – including loan details, debt servicing, and exit strategy
2. 1003 or Fannie Mae 3.2 File, or Personal Financial Statement
3. Recent Appraisal or Pictures
4. Recent Credit Report
Documents Required per Loan Submission
Residential Loan- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Investment Properties - Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
Multi-Family Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Rent Rolls 6 month trailing
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years
Commercial Loans- Private money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps
9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years
Construction Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE Exit Strategy
6. Development or Construction Costs Breakdown Sheet
7. Draw Schedule
8. Executed Purchase Contract for a Purchase
9. Contractor Resume
10. Appraisal or Pictures w/ MLS Sold Comps – FUTURE/COMPLETION APPRIASED VALUE
11. YTD Balance Sheet with YTD P&L for 1 year
Rehab Loans- Private Money
1. Submission Form
2. 1003 or Fannie Mae 3.2 or Per Fin. Stmt – Show all REO, Assets
3. Credit Report – Recent 90 Days
4. 1 Year Personal & Business Taxes (if applicable)*
5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy
6. Investment Properties - Rent Roll or copy of lease(s)
7. Executed Purchase Contract for a Purchase
8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps FUTURE APPRAISED VALUE
9. Rehab cost-breakdown
10. Rehab draw schedule.
Take-out loans- Porfolio Money
Products Available Include...
· Residential
· Commercial
· Construction Completion