ADVANCED COMMERCIAL CREDIT INTERNATIONAL

SMALL BALANCE LOAN PROGRAM

EXECUTIVE SUMMARY - COMMERCIAL

 

REQUESTED LOAN PARAMETERS                  Property Name:    _____________________________

Loan Amount: $____________________________ Property Address: _____________________________

Loan Term: _______yrs   Amortization: _______yrs   ____________________________________________

Borrowing Entity Name:____________________________________________________________________

Principals: _______________________________________________________________________________

 

PROPERTY DESCRIPTION

 

 

 

 

 

Property Type:

 

 

Total Square Feet:

 

 

# Of Buildings:

 

 

Net Rentable SF:

 

 

# Of Stories:

 

 

Construction Type:

 

 

Date of Construction:

 

 

Last Renovated:

 

 

Type of financing requested:  ____ acqusition ___ refinance

If an acquisition:

Has the seller owned the property for more than 1 year: ___yes ___no 

Is the subject under contract:  ___yes ___no                 Asking price / contract price:  $_______________

If a refinance:

Date property was acquired:  _____/______/______ Current loan balance:  $_____________________

Cost basis (purchase price plus capitals if owned less than 36 months):  $___________________________

 

Physical occupancy level last year:   _____%    Currently:  _____%

Property condition: ____ Excellent  ____ Good  ____ Fair  ____ Poor

Property value as of the last appraisal: $_________  Date of last appraisal: _________

Current lease rates at the property are: ____ Above  ____ At  ____ Below market rates.

 

Please Indicate as Requested (attach explanations as necessary).                                              

Location      

       Do any units have                              Y  N              Do any units have                                    Y  N

A.  Well water?:                                           ____      B.   Septic system?:                                            ____

C.   Furniture that is included with the rent?:    ____      D.  Deferred maintenance (interior or exterior):   ____

E.   Is the property in a flood zone?:               ____      F.   Is the property in an earthquake zone?:          ____

G.     Is the property / leasing manager located on-site?:                                                                           ____

H.     Are there any ground leases? (attach detailed terms of the lease if Yes):                                          ____

I.        Is the property dependent on a single industry? (attach details if, Yes):                                              ____

J.       Any criminal proceedings, judgments or tax liens against any related parties to the borrower?:            ____

K.     Any borrowing entity derogatory credit items (bankruptcies, foreclosures, liens, lates, etc.)?:              ____

L.      Any borrower related parties have derogatory credit items (write offs, collections, same as above)?:  ____

M.    Any borrower related party been involved in a lawsuit w/in the last 10 yrs? (provide detail if, Yes):    ____

N.     Outline any legal, (including deed restrictions) zoning, financial, environmental, structural, issues.

O.     Are any limited access establishments (men only, adults only, etc.) leasing space?:                          ____

P.      Any leases allowed for less than one year in duration?:                                                                    ____

Q.     Any unusual circumstances surrounding the property or financing? (provide detail if Yes):                ____

R.     What are the negative aspects of this loan request? (provide detail if, Yes):                                      ____

 

Please provide any other information that would allow us to understand your property/loan request.