Commercial Real Estate Loan Checklist

The Information from this checklist will assist K2 Commercial Finance in building your loan submission package and quickly identifying the best potential lender for your loan request. When contacting us, please try to include as much information as you can from this list.

Complete contact information for borrower. Please include: Name, company name (if any) and street mailing address, Email address, Telephone and Fax numbers and the best time to reach you.
Is this a NEW FINANCING or a REFINANCE?
Amount of financing required.
Purpose of the loan (lower interest rate, longer term, etc.)
Type of property (Warehouse, Land, Apartment).
A description of the property (location, square footage, construction type, age, etc.).
Information about the owner of the property?
How will the cash flow be generated to repay this loan?
Explanation of current debt on the property. Include term of loan, interest rate, monthly payment, number of payments made, approximate remaining balance, lender name etc.
Is there a balloon on the loan? If so how much.
If leased: terms of lease.
If appraised recently, details of the appraisal.
Your estimate of value if there is no recent appraisal.
How do you rate your personal credit (A to E with A being excellent)?

IF THE PROPERTY IS AN APARTMENT OR OFFICE BUILDING:

Property Profit and Loss Statements (last 2 yrs. + current yr.)
Number of units
Rent rolls (apartments)
Occupancy Rates (last 2 yrs. + current yr.)
annual rental income breakdown,
annual expense breakdown,
Who pays for utilities?

Please complete your summary by telling us any other facts that you feel we should be aware of. If you E-mail or fax us, we will contact you soon after receiving this information.

Once a lender has been identified, you should expect them to request the items listed in our Loan Package Checklist.

Loan Package Checklist

Efficient * Thorough * Successful * Fast

Call toll-free 1-215-230-1885 to discuss your commercial transaction. We love to takl deals!

We Can’t Fund Transactions We Don’t Know About
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(267) 549-5792

Referrals are the cornerstone of our business success. They are both welcome and most appreciated.

How to Get a Great Commercial Loan

This FREE REPORT is full of powerful tips and no-nonsense pointers from a 20-year industry insider. Once armed with this information, you will be MORE LIKELY to:

Identify the best lender,
Professionally present your loan application,
Move quickly through the loan process, and
Get the best possible loan for your situation.

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Why Us?

K2 Commercial Finance is based on the concept of people helping people. While banks serve an important role in our business economy, they are not designed to help small business owners, or the vast majority of prospective home buyers or investors. Our services are designed to fill that gap.