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+00:00 April 3rd, 2018|

About the Author:

Leonard is the Director of Marketing and joined Wilshire Quinn in March of 2018. Mr. Bruno is in charge of creating all of the firm’s marketing materials and expanding Wilshire Quinn’s web presence. Mr. Bruno has been in the digital marketing industry since 2010 and specializes in search engine optimization and digital advertising.