CHECKLIST FOR LOAN APPLICATIONS FOR INDIVIDUALS
Benchmark Financial & Real Estate Services Inc.
8080 La Mesa Blvd. #214 La Mesa, CA 91941 619-465-6200 619-465-1693 fax
website: e-mail: loans@
CHECKLIST FOR COMMERCIAL LOANS
CHECKLIST FOR SUBJECT PROPERTY
❑ Complete copy of all leases (can be received later)
❑ Any prior appraisals or environmental reports if available
❑ 2010 and 2011 Income and Expense Reports for the Property (can use tax returns for prior years). Current Year to date 2012 P&L
❑ Current Lease Summary
❑ Preliminary Title Report or Old Title Report
❑ Property Description
❑ Site Plan if available
❑ Purchase Agreement and Escrow Instructions if a purchase
CHECKLIST FOR BORROWING ENTITY
❑ Current Balance Sheet and Income Statement plus Two year Federal Tax Returns
❑ If Partnership, copy of Partnership Agreement, LP1, Certificate of Good Standing
❑ If Corporation, By laws, Articles of Incorporation, Resolution of Borrow, Certificate of Good Standing
❑ If LLC, formation and other similar documentation as above
CHECKLIST FOR LOAN APPLICATIONS FOR INDIVIDUALS
❑ Personal Financial Statement (or Uniform Residential Loan Application) and Schedule of Real Estate signed and dated
❑ If Trusts are involved, need a signed copy of the Trust Agreements
❑ Any separately prepared Financial Statements or Schedules must be signed and dated.
❑ 2010 and 2011 (if available) Complete Federal Tax Returns signed and dated on page 2 (If Spouse is part of Borrowing Entity, be sure to include her or his signature on 1040 tax returns and personal financial statements) and W-2 statements. If 2011 is not completed and it is after April 15th, send extension form and the 2009 tax return.
❑ Latest three month copies of Brokerage Statement for all investment accounts
❑ Latest copy of Pension Plan or Retirement Account statements for each account
❑ Latest copy of Mortgage Statement for existing mortgage(s)
❑ Include copies of K-1s and 1120s statements for all Partnerships and S-Corps owned. If a General Partner, include copy of 1065 if you own more than 20% of a corporation, send 1120 and 1120S Returns for last two years (three years if self employed)
❑ Copy of Personal Resume (can be brief summary, a paragraph or two)
❑ Copy of drivers license (Patriot Act)
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