Information Required from Potential Borrowers

For Office Buildings

1. Current rent roll including:

   • square footage of units
   • lease abstract details such as:

   • escalations
   • commencement & expirations-add-ons-description of tenants
   • description of any added rent that the tenant is responsible for (in   addition three years of historical data would be ideal).

2. Complete income/expense statement on the property including:

   • annual property taxes
   • insurance
   • water/sewer
   • fuel
   • electricity
   • maintenance/Repairs
   • management
   • leasing commissions, tenant improvements

3. Complete detailed physical description along with site plan or property survey.

4. If acquisition, a full copy of the executed contract of sale.

5. If a re- finance, the price originally paid for the property, the date of purchase and a summary of current financing.

6. Photos, if available.

7. Summary of current financing (refinance only) including:

   • current lender
   • current principal balance
   • current interest rate
   • current monthly payment
   • due date
   • prepayment penalty information

8. Detailed appraisal report from an approved appraiser.
   
   
9. Current environmental report(s).
   
   
10. Information on the management company, if separate from ownership.
    
    
11. Current personal financial statement (where applicable).
    
    
12. Current business financial statement (where applicable).
    
    
13. Last two years’ personal tax returns (where applicable).
    
    
14. Last two years’ business tax returns (where applicable).
    
    
15. Permission to run a credit report.