DOCUMENT FUNDING REQUIREMENTS

 

Lenders need a clear view of who they are lending to and exactly what will be securing their investment. A Complete Funding Package provides the transparency needed for lenders to make a decision. Primary Lender LLC ensures brokers and borrowers provide the documents needed from the start to ensure loan requests receive the attention they deserve from lenders.

 

Once all income, asset, and credit documents required from the Borrower are received, Primary Lender LLC then orders the necessary property reports from the county records office and title companies. The Total View Funding Package is prepared and presented to every suitable Lender in the country. One package, one presentation, to the entire lending community.

 

Documents Needed From Borrower

  Bank/SBA Loans Bridge Loans
Commercial Loan Application REQUIRED REQUIRED
Last 3 Month's Bank Statements REQUIRED REQUIRED
Copy of ID REQUIRED REQUIRED
Credit Report REQUIRED REQUIRED
(if income property)
Property Rent Roll - Multifamily (Excel)
Rent Roll - Commercial (Excel)
Rent Roll - PDF
REQUIRED REQUIRED
Schedule of Real Estate Owned (Excel) REQUIRED  
P&L For Property Last 2 Years & YTD REQUIRED REQUIRED
Last 2-3 Years Personal Tax Returns
Last 2- 3 Years Business Tax Returns
REQUIRED REQUIRED

 


SBA Required Forms


Proforma - Sales Projections
Business Debt Schedule
Business History
General Business & Project Information
Manager-Owner Profile
Personal Financial Statement
Pre-Loan Approval For Use of Funds
Certificate of Corporate Secretary
SBA Borrower Application 7a
Needs List Form

 

Primary Lender LLC Processing Team

The following items will be ordered, completed by Primary Lender LLC, and included in the Total View Funding Package for lender review.

 

  REQUIRED
Title Report COUNTY RECORDS OFFICE
Deed of Trust - Subject Property COUNTY RECORDS OFFICE
Property Detail Report  
County Tax Record Report COUNTY RECORDS OFFICE
Market Evaluation - Property Value Primary Lender LLC PROCESSING DEPT.
Primary Lender LLC pulls credit once borrower authorizes TRI-MERGE REPORT
Project Summary Primary Lender LLC PROCESSING DEPT.
Lender Analysis Primary Lender LLC PROCESSING DEPT.