Documents needed for commercial loan

    • [DOC File]PART I: MORTGAGE LENDERS AND MORTGAGE LOANS

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      of the following government-issued documents applicable to your Business: Certificate of Status (also referred to as certificate of good standing or certificate of compliance) Annual Government Filing (where corporation has been in existence for more than a year) Corporate Profile Report. Company’s most recent notice of assessment

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    • [DOC File]COMMERCIAL LOAN REVIEW - ACUIA

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      Lender Loan Committee 4. 3-year Rule 4. Substantial Rehabilitation 4. Commercial Space / Income 4. Independent Units 5. Licensing / Certificate of Need / Keys Amendment 5. Identities-of-Interest 5. Risk Factors 6. Strengths 7. Underwriting Team 7. Lender 7. Needs Assessor 7. Environmental Consultant 7. Appraiser 7. Project Description 8. Site 8 ...

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    • [DOC File]IRB

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      75% for development loan. 80% for commercial construction loan. 85% for res construction loan . ii. Amortization. a. Amortization = How much of principal remains to be paid off. b. Example: Take a 7% 100K 30 year mtg (1) P. A19: Debt service chart (A) Debt service constant (DSC) = annual payment divided by original loan or financing package

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    • Commercial Loan Documents, Purchase Contract, Lease Agreement

      Submit all requests for changes in the terms and conditions of a loan or such as name, address, etc. within (7) days of approval to the LGPC. The loans are handled by the appropriate Commercial Loan Service Center starting (7) days after approval, unless it is being held at the LGPC for appraisal or environmental review.

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    • [DOC File]Lender Narrative Template - HUD

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      Mark “X” if 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 ...

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    • [DOC File]COMPLIANCE CHECKLIST

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      If a lender is willing to make a commercial loan to a company for capital development purposes, that loan can generally be structured as an IRB. Many “taxable” IRBs are structured to be purchased by an affiliate of the company (often called “self purchases”). ... and legal fees related to the negotiation of loan documents. As a rule of ...

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    • [DOC File]Commercial Loan Audit & Analysis Checklist

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      Supporting Documents or letters of explanation: Credit, inquiries, income, funds to close _____ 20. Signed DE statement of appraised value (HUD – 92900.5B) (if available

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    • [DOC File]SUBORDINATION AGREEMENT

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      Loan Date Member Name Account # Description/Purpose Collateral Loan Bal. Totals Aggregate amount of net member business loan balance to any. one member or group of associated members must not exceed the greater . of 15% of the CU’s net worth or $100,000 (Financial institution deposits, insured or guaranteed government agency loans can be ...

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    • [DOC File]SBA

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      Documents are to be recorded and returned to you, whereupon you should retain a copy and the original should be mailed to the SBA as follows: Commercial Loan Service Center - Fresno. Attn: Collateral Cashier. 801 R Street, Suite 101. Fresno, California 93721-2365 State of Louisiana ) Parish of ) SUBORDINATION AGREEMENT

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