Your real estate lender professional will underwrite, fund and service the mortgage loans on multi-family rental properties; which will provide loan application review, and will require the flowing information prior to the loan analysis:

o   Acquisition purposes of the fully executed purchase and sale agreement.

o   Current Rent Roll. Including contract rents, regulated units, apartment numbers, room and bathroom count.

o   Operating Property statements for the year to date and prior year

o   Map, address, location and the site plan.

o   Most recent pictures and property description and plan, including year of building information and utilities info.

o   Charts of units, indication the amount of bedrooms, bath, floor plan; including the current rates; lease dates; start and end dates, certificate of occupancy, number of employee units.

o   Personal Finance statements and the resumes of the borrower. Detailed monthly statements of income and expense for the past three years, as well as year to date and proforma by month.

o   Most recent appraisal

o   Operating Budget information

o   Statement of debt and/or refinancing purposes, the original purchase price

paid for the property, date of purchase and current financing.

o   Construction purposes, cost break down and project time line. Repairs and capital improvements declaration

o   Detailed Declarations of use of funds, commitments, project costs.

o   Trust documents.

o   Market analysis and rent survey.

o   Low-income residency restrictions

o   Tax credit purchases; tax credit application, feasibility review.