Retail Commercial Real Estate

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Permanent Loan Checklist

1. 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)
   
   
2. 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
   
   
3. 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
   m. Phase I Environmental Assessment (if available)
   
   
4. 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 retail 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.