How to Prepare a Financial Package For a Commercial Loan
Published 09-28-2018

*Not all Lenders or loan programs are created equal and each program has it’s own specific guidelines. This is a general list of the items you should start to prepare although additional loan information may be requested, depending on the loan program that you select:

Owner-Occupied Properties

• 3 years of federal business tax returns, including all statements (operating statements if the previous year is not yet filed or on extension)

• Year-to-date business operating statements

• Current business balance sheet, including current debt schedule

• 3 years of personal tax returns (W-2 if last year is on extension)

• Personal Financial Statement

• For refinance – current loan payoff including any prepay penalty

• For purchase – executed Purchase & Sale Agreement

• Interior/Exterior photos of the property, if available

Investment Properties

• 2 years of historical annual operating statements

• Year-to-date operating statement (recourse loan) or trailing 12 month operating statement, broken out by month (non-recourse loans)

• Current rent roll with square footage, move-in date, lease term, unit mix (apts/self-storage), options (retail/office/industrial), and extensions (retail/office/industrial)

• Lease, including any amendments (single-tenant only)

• Tenant sales numbers or financials, if available (single-tenant or anchor-tenant only)

• Personal Financial Statement

• For refinance – current loan payoff including any prepay penalty

• For purchase – executed Purchase & Sale Agreement

• Interior/Exterior photos of the property, if available

Not-for-Profit Borrower

• NPO mission statement and history

• Number of members

• Number of giving units/regular donors

• 3 years of CPA-prepared operating statements and balance sheets

• Year-to-date operating statement

• Current balance sheet

• Leadership resumes, including time with organization

• NPO organizational chart, including key decision-makers

• Information on parent organization, if branch of regional or national organization

** Please note that this list is for stabilized properties only. For a bridge or construction financial package, please click here.

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