Application Checklist for Long Term Rental Financing.
Buy and Hold or Refinance.
Below is a list of information and documentation that is required at time of application for an investment property commercial mortgage. Please keep in mind, every situation is unique and you may be required to provide additional information.
Copies of your Articles of Organization
Executed Operating Agreement
Certificate of Good Standing from your state of origin.
Copy of lease or leases
Property tax statement
Insurance Declaration Page or Quote Sheet
Purchase Agreement or Closing Disclosure from the purchase
Two months of bank statements for savings, checking, money market funds or any accounts needed to verify funds to close and required reserves.
Clear copy of your driver’s license.
Title Company contact information or I can suggest one.
Investor Track Record/Schedule of Real Estate Owned.
Should you have any questions, please don’t hesitate to contact me. Proper documentation is 95% of a smooth and uneventful closing experience!