|
Prev Blog << |
Make Sure Your Commercial Deals Get Funded! |
Next Blog >> |
 |
Category: Finance and Credit Current Grade: A Total Views: 698 Member Comments: 0 |
Posted on: 05/23/2008 Posted by: The Money Finders, LLC Blog Points: 388 View all blogs >> |
If you are a Realtor, Investor or Mortgage Broker the loan packaging function is your first impression with a Commercial Lender. The loan packaging should be done by either an experienced Commercial Broker or an outside consulting service. As an example, here are the components of the loan packaging for Multi Family properties:
Cover Page
Executive Summary
Underwriting Analysis
Loan Detail Report
Rent Roll Report
Underwriter Comments
Photos
Upon receipt of the Loan Package the loan will need to be Underwritten to determine the maximum loan amount versus the requested loan amount based upon the contents of the package. The difference, if any will determine the following:
The asking price, if you are the seller
The offer price, if you are the buyer
The maximum loan amount you can offer your client, if you are the Mortgage Broker.
My company The Money Finders, LLC offers the aforementioned fee-based services. Feel free to contact us at 800-296-2388 or themoneyfinderllc@gmail.com.
Cover Page
Executive Summary
Underwriting Analysis
Loan Detail Report
Rent Roll Report
Underwriter Comments
Photos
Upon receipt of the Loan Package the loan will need to be Underwritten to determine the maximum loan amount versus the requested loan amount based upon the contents of the package. The difference, if any will determine the following:
The asking price, if you are the seller
The offer price, if you are the buyer
The maximum loan amount you can offer your client, if you are the Mortgage Broker.
My company The Money Finders, LLC offers the aforementioned fee-based services. Feel free to contact us at 800-296-2388 or themoneyfinderllc@gmail.com.
