What you need to get ready before applying for a Commercial mortgage loan – CFR Mortgage Group, Inc.

Loan Application Checklist

In general, the documentation you will need includes:

This list below is not inclusive of all items needed, However, to obtain an LOI (Letter of Interest or Intent), which outlines rates and terms, we need the items

Complete Loan Application (Form 1003) or commercial loan application package

Commercial Property Addendum (we will email to you)

Operational Income Statement (we will email to you)

Complete Rent Rolls (if applicable)

For the past THREE years: Income Documentation

	most current Federal Tax Returns will all schedules for Business
	most current Federal Tax Returns will all schedules for Personal
	Year-to-Date Profit and Loss Statement For Business or subject property

Estimated value of commercial property (if a refinance) and how value was determined.

Use of property (Owner/User or Investor)

COLOR Digital Photos of Subject Property (All sides, interior, and street scene)

Purpose of financing or use of funds letter (if cash out-must provide exact use of funds)

Exit Strategy (example: how long will you keep property and how will the loan be paid off)

Processing fee of $695.00. $600 refundable if loan can not obtain a LOI or conditional approval. [If LOI or conditional approval is achieved and loan does not close for any reason, entire funds are forfeited].

CFR Mortgage Group, Inc.

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