Commercial/Multi Family Checklist

  • Intake Form
  • Executive Summary of Deal
  • 1003 Application (completed and signed)
  • Schedule of Real Estate Owned
  • Tri-Merge Credit Report w/Scores (creditchecktotal.com is $1
  • Purchase Contract with any Addendums or Amendments
  • Scope of Work/Construction Budget (If applicable)
  • 3Months Bank Statements, Brokerage, IRA/401k Statements, etc
  • Entity Documents (Articles of Organization, Operating Agreement, & Certificate of Good Standing)
  • Proforma for next 3 years
  • Rent Roll and Operating Statements for Last 3 Years
  • Property Listing Sheet, Offering¬†Memorandum, Info, BPO or old Appraisal
  • Photo ID
  • Insurance Coverage (Certificate of Coverage and Proof of Payment)
  • Appraisal (KCIF will order this, Borrower will pay)