CALL ROY SWAN 512-650-1001 Ext. 102

“Needs list”


 

OWNER OCCUPIED

Owner of business is main occupant & direct borrower of the loan

    • 3 years tax returns on borrower personally
    • 3 years tax returns on borrowers business
    • Year-to-date profit and loss statement on business
    • Personal financial statement on borrower
    • Credit report on borrower

 

INVESTOR

Loans to investor buying rental producing property or properties

    • Year-to-date profit and loss statement on property
    • Rent roll on property
    • Pics of property
    • Personal financial statement on borrower
    • Credit report on borrower

 

STARTUP

Loans to businesses looking to start up & expand with little to no business history

    • Resume on borrower & partners
    • Projections & Pro-forma
    • Business plan (with executive summary)
    • Personal Financial statement
    • Credit report

 

RAW LAND

Loans to facilitate purchase of wholly undeveloped pieces of property

    • Personal financial statement on borrower
    • Credit report on borrower
    • Pics of property
    • Appraisal or BPO on property

 

CHURCH

Loans to facilitate purchase of Christian churches and institutions

    • Church worksheet
    • 3 years financials on church

 

LINE OF CREDIT

Loans useful for a project for which the total cost is unclear

    • Year-to-date profit and loss
    • Last years tax return
    • Last years profit and loss & balance sheet
    • Current accounts receivables & accounts payables aging report
    • Credit report on borrower
    • Explanation paragraph for use of funds

 

CONSTRUCTION & DEVELOPMENT

Loans to finance the improvements necessary before development can be completed

    • Executive Summary- overview of the project, location, strengths of the deal
    • Detailed Resumes of partners AND GC if not a partner, 3 Years financials on all borrowers, GC, and partners on the deal, & Personal Financial Statements on all borrowers and GC
    • Pro-Forma-projections on project, net income expected & detailed cost breakdown
    • Information on the property-demographics, absorption studies, marketing & management plans, etc.
    • Info on pre-sales and if so, proof of them. 50% pre-sales is preferred.