Business and Commercial Finance  
Insight~Finance 
I-F
Major Property Loans

Major property loans are typically used to finance projects that generate income from rent or leases like:

Ø      office buildings

Ø      shopping centers 

Ø      hotels, motels, apartments, mobile home parks

Ø      health care facilities, medical office buildings, etc

Ø      industrial buildings

Ø      and others


In order to close and fund any major property loan several pieces of paperwork must be completed. Please take a look at a typical list of requirements  Documents Required To Facilitate A Major Property Loan Request  but will try to simplify from the very start. We ask for only the very basic business information to evaluate your proposal.

After the pre-qualification has been submitted and approved we'll help you put together all of  the documentation mentioned above.


The following information is needed to proceed with pre-qualification: 



* indicates required information

Personal Information

 

 Borrower/Applicant  Broker  Other:

Contact Person:

*

Email:

 *

Phone:
(include area code)

*

Fax:
(include area code)

    

Project:
(For easy identification please insert a title for your project.  Example: "Sunset Apartments" or "Rainbow Motel".)

 *

Project Information

Type:

   

Amount of Loan Request:

 *

Sales Price/Value of the Collateral:

 *

Amount of the Down Payment:
(if loan is for a purchase)

   

Property Address:

   

2nd line of address:

   

City:

 *

State:

 *

Type of Property:

 *

Gross Rental Area:
(in square feet)

   

Net Rental Area:
(in square feet)

   

Number of Buildings:

   

Number of Units:

   

Occupancy:
(percent)

   

Description of the Building (s):

   

Age of the Building (s):
(in years)

   

Last Renovated:
(years ago)

   

Purpose of the Loan:

 *

Property Income

Gross Scheduled Income:
(annual)

   

* Include market rents of vacant units

Other Income:
(laundry, parking, phone, vending, etc.)

   

Expenses - Annual

Real Estate Taxes:
(current actual)

   

Insurance:
(current actual)

   

Repairs and Maintenance:
(last year actual)

   

Utilities:
(last year actual)

   

Management Expenses:
(annual)

   

Reserves for Replacement:
(annual)

   

Other Operating Expenses:
(annual)

   

Other

Amortization Schedule Desired:
(in years)

   

Loan Term Desired:
(in years)

   

Interest Rate Desired:
(percent)

   

Borrower Information

Type of Entity:

   

Net Worth:

   

Name of Borrower 1:

   

Name of Borrower 2:

   

Name of Borrower 3:

   

Name of Borrower 4:

   

Phone:
(include area code)

   

Fax:
(include area code)

   

Email: