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Permanent Loan Checklist
- Acquisition
a. Agreement of Sale or Settlement Sheet/Closing Statement
b. Details of seller financing, if any
c. Title report, copy of deed (if available)
- Refinance
a. Details of Acquisition
i. Date acquired
ii. Acquisition price
b. Details of existing financing
i. Lender
ii. Amount of payoff
iii. Prepayment penalty
iv. Due Date
v. Interest Rate
vi. Amortization term of
original note
- Project Overview
a. Location Map
b. Site Plan/As Built Survey
c. Property Description
d. Rent Roll
e. Operating Expense Statements
i. Prior 12 months
ii. Current year budget
f. Photographs/Aerials
g. As Built Plans
h. Market Study, if available
i. Appraisal, if available
j. Demographics
k. Lease Abstracts
l. Tenant Information for Major Tenants
i. Name of tenant and type of
business
ii. Credit Rating and Financial
Information
iii. Sales History (retail properties)
m. Phase I Environmental Assessment (if available)
- Sponsorship/Borrower
a. Type of entity (i.e., LLC, Corporation, partnership,
etc.)
b. Principals
c. Resumes and References
d. Financial Statements
For more information on IMC's industrial commercial real
estate financing options or to set up an appointment with
one of our loan specialists, e-mail
us today or call 800-220-4040.
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