Government-Issued ID
Driver license, passport, or state ID — front and back
RequiredPersonal
Credit Report Authorization
Signed form authorizing the lender to pull your credit report
RequiredPersonal
Entity Formation Documents
Operating agreement, LLC certificate, articles of incorporation, or equivalent
Required
Certificate of Good Standing
Issued by the Secretary of State where the entity is formed (within 30 days)
Required
3 Years Personal Tax Returns
Full 1040s with all schedules — all guarantors/spouses
RequiredPersonal
3 Years Business Tax Returns
1120, 1120S, or 1065 with K-1s for the sponsor entity
Required
3 Months Bank Statements
All pages — all accounts used for the transaction (business + personal)
RequiredPersonal
Pro Forma Budget / Rent Roll
Stabilized income projection with assumptions clearly stated
Required
Rent Roll (less than 60 days old)
Current tenant list: unit #, sq ft, lease start/expiry, monthly rent, concessions
Required
Trailing 12-Month Operating Statement (T-12)
Trailing 12-month P&L — get from property management software or accountant
Required
YTD Operating Statement
Year-to-date income & expense through most recent month available
Required
Certified Operating Statement
CPA-prepared or accountant-certified — required by most lenders for deals >$2M
Required
Tenant Delinquency Report
List of all past-due rents with aging (30/60/90+ days)
Required
Market Rent Survey / Comparable Analysis
Current market rents for comparable properties in the submarket
Required
Capital Expenditure Schedule
Planned and completed capex for the past 3 years + upcoming needs
Required
Phase I Environmental Site Assessment
ASTM E1527 compliant — dated within 6 months; update if >12 months old
Required
Purchase & Sale Agreement
Fully executed PSA with all addenda, amendments, and exhibits
Required
Deal Synopsis / Executive Summary
One-page summary: property, loan amount, exit strategy, sponsor track record
Required
Fund Equity Commitment Letter
Signed letter from equity source confirming committed capital
RequiredPersonal
Preferred Return / Waterfall Structure
Summary of equity return waterfall and preferred return terms
Requested
— lenders