Owner-Occupied Business Checklist

Owner-Occupied Business Checklist

  1. CURRENT BALANCE SHEET
  2. LAST 3 YEARS PROFIT AND LOSS (P&L) STATEMENT AND YEAR TO DATE P&L
  3. COMPLETE INCOME / EXPENSE STATEMENT on the property including:
    • Annual property taxes
    • Insurance
    • Water / Sewer
    • Fuel
    • Electricity
    • Maintenance / Repairs
    • Management
  4. SUMMARY OF ALL LEASES (if any) showing escalations and expirations
  5. COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE
  6. IF REFINANCE, ORIGINAL PRICE PAID FOR PROPERTY, date of purchase and summary or current financing.
  7. IF ACQUISITION, COPY OF FULLY EXECUTED CONTRACT OF SALE
  8. PHOTOS (at least 5)
  9. SITE PLAN or property survey.
  10. SUMMARY OF CURRENT FINANCING (refinance only) including:
    • Current Lender
    • Current principle balance
    • Current interest rate
    • Current monthly payment
    • Maturity date
    • Prepayment penalty information
  11. FULL DESCRIPTION AND/OR HISTORY OF BUSINESS
  12. RESUME OF PRINCIPAL / BIO
  13. LAST 2 YEARS OF PERSONAL AND BUSINESS TAX RETURNS
  14. COPY OF DEED

Follow Commercial Property Solution

Licensing

William R. Winkelman
NMLS: 64660
Managing Partner

Kris Savard
Managing Partner

Charles Munroe
NMLS: 244436
Managing Partner

Equal Housing Lender

Contact Us

Commercial Property Solution
408 Sutton Place

Abingdon, MD 21009
NMLS: 244436

Number:
(888) 834-9354

Hours:
MON-FRI 7AM - 4PM