Commercial Loan Audit & Analysis Checklist



Commercial Loan Audit Checklist

Date: ____________________

Contact: _________________________________ Position: ________________________

Company Name: ____________________________________________ State: ________

Phone: _____________________ E-Mail: ________________________________________

|Document Checklist |Mark “X” if |

|(Please Ignore Any Items That Do Not Pertain to Your Type of Business) |included |

|“As Built” Survey | |

|All Collection Notices/Correspondences from Lender’s Attorney, Courts or Sheriff - if any | |

|Complete Expense Detail for last 2 years, YTD, and future years with assumptions | |

|Copy of Current Contract/Option Agreement | |

|Copy of Current Lease | |

|Deed of Trust / Security Instrument | |

|Last 2 Years Income Statements, YTD & Forecast and assumptions for future years | |

|Legal Description | |

|Most Recent Appraisals | |

|Most Recent Payment Statement | |

|Note | |

|Note Addendum and any Modifications | |

|Number of Units and Rent per Unit (including daily pay rate if possible) | |

|Occupancy Rates for last 12 months (and any upcoming lease expirations) | |

|Rent Rolls (By unit type if possible) | |

|Sales Breakout Report (Non-Rental Properties) | |

|Sales History (any listings, contracts, etc.) – including land acquisition | |

|Site Plans & Floor Plans | |

|Tax Bill(s) for Account Numbers & any pending Appeal Correspondence, if applicable; and | |

|All other Closing Documents | |

| |

|IMPORTANT NOTE: Please use best efforts to submit the documents requested above. The company will review the documents and perform any subsequent audit|

|and analysis. The company understands that all requested documents or data might not be available. |

| |

Please answer the following questions

|Will attorney negotiation services be required? |__Y __N |

|Will attorney law suit litigation services be required? |__Y __N |

|Is the audit needed in less than 3 weeks |__Y __N |

|Will the results need to be sent via mail courier or US mail? |__Y __N |

|Does the client want to know if the loan was securitized into a private trust with the preliminary review? If yes, this service |__Y __N |

|includes a $295 ABSnet private banking search fee that is payable at the time of document intake. | |

Fax to _______________, 877-702-7286, or, email _________________________

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