There has never been a time to secure a commercial loan than today. Rates have never been lower and lenders are looking to finance…are you ready?

The following is a typical scenario that takes place when dealing with your broker, as well as a commercial lender who will consider the loan request.

Before calling your broker have as much information available as to:

• Purchase price or current valuation.
• As much detail about the subject property.
• Loan amount, terms & conditions you are seeking.
• Time frame in order to complete the transaction.

Broker/lender will require the following exhibits:

• 2-3 years of income & expenses for the subject property.
• 2 years of Federal Tax returns (if available).
• Current Rent Roll

From the above information, AMG Commercial Mortgage Group will be able to analyze your loan request and find the best terms & conditions available in the marketplace.

The next steps:

• Execute a mortgage placement agreement.
• Collect the following exhibits:

1) Execute income/expense statements.
2) Finance Statements, current & updated with resumes on the borrowing entities.
3) Review existing leases & secure potential letters of intent.
4) List previous & intended improvements.
5) Prepared color pictures.
6) Management Contracts (if any).
7) List appraisal & environmental studies.
8) Attorney/CPA contact information.
9) Purchase & Sale Agreement