What items should I collect from the borrower to help the underwriting process?

Depending on the loan and property type the required documentation will vary slightly. In general these are the typical items that we will ask for:

  • Purchase agreement
  • current mortgage statement
  • payoff demand
  • financial statements detailing the NOI of the property
  • lease agreements
  • rent rolls
  • Phase I environmental report
  • Appraisal
  • recent bank statement
  • taxes returns.

To see a full list of documents for your hard money loan application, click here

By |2018-05-16T17:25:26+00:00April 3rd, 2018|

About the Author:

Daniel is a veteran finance and real estate professional with more than 12 years of experience. His background working for large financial institutions has provided him with invaluable perspectives on capital raising, fund management, entrepreneurship, risk management, and alpha generation. As Director of Origination at Wilshire Quinn Capital Inc., Daniel works closely with mortgage brokers and borrowers to structure hard money loan deals. Daniel's attention to detail, negotiation skills, personality, and business acumen allow him to think creatively, execute quickly, and provide a high level of service to his clients. Daniel grew up in Long Island, New York, and has been living in San Diego for the past seven years. Daniel’s hobbies include playing ice hockey and acting as a referee for the sport. Daniel also practices the bass guitar and plays gigs with local bands around town.