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 most recent addition to the Wilshire Quinn team. He is the Chief Marketing Officer specializing in growth. He has been in the digital marketing industry since 2010 with a strong passion for search engine optimization and digital advertising. Leonard is responsible for the management of the company websites and online presence. He is an innovator and has a proven track record of successful digital strategies. Google+