CMBS commercial real estate loan
• Property Address and name of Owner
• Loan Amount Requested
• A purchase or refinance?
If purchase, provide a copy of the purchase
contract
• Last 3 years income statements in Excel
• Trailing 12 months income and
expense statement BY MONTH through most
recently available month in Excel
• Provide the most recently available balance
sheet for the property
• Identify any capital improvements or large
non-recurring expenses in the income and
expense statements
• Annual average occupancy statistics for most
recent 3 years
• Current Rent Roll, including tenant name,
square footage, monthly base rent, annual
base rent, rent/sf, lease start date, lease end
date, type of lease (gross, net, modified
gross). Initial date of occupancy, options,
monthly expense recoveries by type (RET,
INS, CAM), termination rights (if any), per-
centage rent, tenant sales (not applicable for
hotels)
• Copy of most recent expense recovery reconciliations (for net and modified gross leases,
not applicable for hotels)
• Copy of the most recent tax bill
• Copy of any old appraisal, property condition assessment or Phase I Environmental
assessment. If none, provide site plan with
size of property and layout of tenant spaces.
Provide the owner’s estimate of property
value and the owner’s cost estimate to buy
land parcel and build asset today. Provide
year of construction and year of subsequent
renovation/cost
• Complete Debt Schedule.
• Complete Organization Chart.
• Complete Sponsor-Borrower Certification.
• Provide a Personal Financial Statement
for any owner > 20%
• Please provide a resume for the sponsor
indicating experience in the ownership and
operation of similar properties
• Provide a resume/brochure/website for the
management company (if third-party man-
aged
• Market study: market occupancy, market
rents by class (A, B, C), absorption
• Exterior photographs/website
• Most recent STAR report
STAR report for prior 3 years (hotels only)
• Complete Hotel Questionnaire
Comments