Submission Checklist


Deal Summary:
Include type of loan requested, loan amount, pricing, summary of operations, borrower’s name, principals and guarantor’s names, borrower credit history, purpose of financing, narrative history of property, location of property, physical description of property, collateral for loan, timing requirements, current debt on property/purchase price, cost of proposed rehabilitation or construction, sources and use of funds.
       
Borrower Information:
Complete description of borrowing entity including general partners, members and principals; current financial statements including description of real estate holdings, and resume.
  
Property Information
Complete physical description including; location with map, address, age, type of property, construction type, amenities, number of stories, unit breakdown, square footage (net and gross), number of units, number of parking spaces, date remodeled/list of capital expenditures, site plan, exterior/aerial photographs.
 
Operations:
Three years historic operating statements (if available), current rent roll including: tenant name, square foot leased, Rent per square foot, percentage rent clause and amount paid, pass throughs paid, first occupancy date, lease expiration date, and any renewal options. Include anchor/major tenant leases, detailed borrower pro-forma with description of changes from historic operations, current vacancy, historic vacancy, tenant improvements and leasing commissions paid or projected to be paid. Description of property management and relation to borrower.
 
Exit Strategy:
Proposed debt repayment, refinance via what sources and detailed explanation. Value upon completion. Market cap rate analysis. Monthly leasing and construction schedule.
 
Existing Financing:
Outstanding balance, description of any modifications made, lender, rate, monthly payment amount and maturity date.
 
Third Party Reports:
Include existing appraisal, environmental and engineering reports.
 
Market Information:
Current occupancy for sub-market and market, list of comparable properties, pictures, comparative details and map.  

IMCC thinks like a borrower and makes deals


To start the clock on your deal, call or write:

Patrick O'Meara - Vice President, National Director of Originations pomeara@inlandmtg.com
Phone: (630) 218-4923
Fax: (630) 218-4961