PROPERTY DESCRIPTION
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Property Type:
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Total Square Feet: |
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# Of
Buildings:
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Net Rentable SF: |
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# Of
Stories:
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Construction
Type:
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Date of Construction:
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Last Renovated:
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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
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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.