COMMERCIAL REAL ESTATE LOAN APPLICATION CHECKLIST

🏢 For Commercial Property Buyers & Investors

Use this checklist to prepare your documents before meeting with a commercial lender. Requirements vary by lender, loan program, property type, and borrower.

1. PERSONAL INFORMATION

Government-issued photo ID
Social Security Number
Current address and previous addresses
Contact information
Personal financial statement
Resume or professional/business experience
Personal tax returns — typically the last 2–3 years
Schedule of personal assets and liabilities

2. BUSINESS INFORMATION

Legal business name
Business entity documents
Articles of Incorporation or Organization
EIN / Tax ID
Business license, if applicable
Partnership or operating agreement, if applicable
Business tax returns — typically the last 2–3 years
Current year-to-date Profit & Loss Statement
Current balance sheet
Business bank statements
List of owners/partners and ownership percentages

3. FINANCIAL INFORMATION

Personal bank statements
Business bank statements
Investment account statements
Retirement account statements, if applicable
Documentation showing available down payment funds
Documentation for closing costs
Evidence of cash reserves
Documentation of other income
List of existing loans and debts
Information about other investment properties owned

4. PROPERTY INFORMATION

For the property being purchased:

Fully executed Purchase Agreement
Property address
Property description
Current rent roll, if applicable
Copies of existing leases
Property operating statements
Property tax information
Current insurance information
Property management information
Utility information, if requested
Existing loan information, if applicable
Appraisal
Title report
Environmental report, if required
Property inspection, if required

5. INCOME-PRODUCING PROPERTY DOCUMENTS

For properties that generate rental income:

Current rent roll
Copies of leases
Tenant payment history, if requested
Historical operating statements
Income and expense statements
Property management agreement
Vacancy information
Capital improvement history
Projected income and expenses

6. LOAN INFORMATION

Be prepared to provide:

Requested loan amount
Purchase price
Proposed down payment
Desired loan term
Desired amortization period
Proposed use of the property
Proposed use of loan proceeds
Information about any existing liens or mortgages
Information about other properties securing the loan, if applicable

7. CREDIT & DEBT

The lender may review:

Personal credit history
Business credit history
Existing mortgages
Business loans
Lines of credit
Credit cards
Auto loans
Other outstanding obligations
Payment history

📊 KEY ITEMS THE LENDER MAY EVALUATE

DSCR — Debt Service Coverage Ratio

For an income-producing property, the lender may analyze whether the property’s cash flow is sufficient to cover the proposed debt payments.

Net Operating Income ÷ Annual Debt Service = DSCR

LTV — Loan-to-Value

The lender may compare the requested loan amount to the property’s value.

Loan Amount ÷ Property Value = LTV

Borrower Strength

The lender may also consider:

Credit history
Net worth
Liquidity
Income
Business experience
Real estate experience
Existing debt
Financial strength

📁 BEFORE YOU MEET WITH THE LENDER

Recommended Preparation

Organize documents in a digital folder
Make sure financial statements are current
Review your credit
Know how much cash you have available
Determine your desired purchase price
Estimate your down payment
Identify the type of property you want to purchase
Prepare a basic business/property plan
Be prepared to explain how the property will generate income
Ask the lender for its specific documentation requirements

IMPORTANT

This checklist is intended as a general preparation guide and is not a guarantee of loan approval. Commercial lending requirements vary by lender, loan type, property, borrower qualifications, and transaction structure.

A commercial lender will determine the specific documentation required for your transaction.

YOUR REALTOR®

Sergio Correa
Realtor® | Coldwell Banker Envision
Serving Southern California

Helping Investors Find Opportunities and Navigate the Real Estate Process.

Contact Sergio Correa Sergio Correa, Realtor® West Shores Realty DRE License #01488482 424-347-0229

www.sergiocorreag.com SERGIOCORRAG.COM