Stabilized Commercial Real Estate Due Diligence Listing  

• SALES CONTRACT AND ANY ENDORSEMENTS  SIGNED BY BOTH PARTIES
• RENTAL INCOME, PROVIDE LEASES
• RENT ROLL CERTIFACTION
• LEASE ESTOPPEL CERTS
• SURVEY
• HAZARD, FLOOD AND WINDSTORM INSURANCE BINDER ENDORSED TO LENDER; PAID IN FULL FOR ONE YEAR; MINIMUM LIABILITY $1,000,000   
• WELL AND SEPTIC TESTS, WHEN APPLICABLE
• C/O FROM MUNICIPALITY
• ESCROW LETTER FROM REALTOR SHOWING DEPOSIT FOR PROPERTY
• ENVIORNMENTAL QUESTIONAIRE
• TOWNSHIP TAX BILL FOR CURRENT YEAR
• APPRAISAL
• MARKED-UP TITLE W/ALTA ENDORSEMENTS; 3 YEAR CHAIN OF TITLE
• MORTGAGE PAYOFF FROM LENDER
• PHOTOS AND SITE PLAN OF PROPERTY

 BORROWER

• COMPLETED 1003
• TRI-MERGED CREDIT REPORT
• BROKER FEE AGREEMENT SIGNED BY BORROWER
• PROOF OF FUNDS TO CLOSE 
• BORROWERS LAST 12 MONTH BANK STATMENTS
• 2 YEARS OF BUSINESS AND PERSONAL TAX RETURNS
• LAST QUARTERLY STATEMENT FROM INVESTMENT ACCOUNTS
• SCHEDULE OF REO, PARTNERSHIP, AND CORPORATE OWNERSHIP INTERESTS
• DIVORCE DECREE, WHEN APPLICABLE
• BANKRUPTCY DISCHARGE, WHEN APPLICABLE 
• LEGIBLE COPY OF DRIVER'S LICENSE OR FEDERAL-  OR STATE-ISSUED PHOTO ID
• DETAILED CASH–OUT LETTER 
• BORROWER  PROFILE AND TRACK RECORD

CORPORATIONS, PARTNERSHIPS, AND LLC’S

• ARTICLES OF INCORPORATION OR PARTNERSHIP AGREEMENT
• CORPORATE RESOLUTION
• CERTIFICATE OF GOOD STANDING
• EIN/TIN
  

STATED INCOME STATED ASSET

• LETTER FROM CERTIFIED PUBLIC ACCOUNTANT STATING THE BORROWER HAS BEEN SELF-EMPLOYED FOR AT LEAST 2 YEARS (DO NOT INDICATE AMOUNT OF INCOME ON THIS LETTER)
• LICENSE FROM STATE OR LOCAL AGENCY WITH DATES SHOWING AT LEAST 2 YEARS OF BUSINESS HISTORY