Questions for Potential Commercial Borrowers

Will need answered at initial interview to determine your financing options

01.  Is the property owner-occupied or investment?

02.  Is the property under contract?

03.  Is so, when does the contract expire?

04.  Are the most current operating statements and rent roll available?

05.  Are your past two years' tax returns, personal and corporate, available?

06.  How long do you plan to own the property?

07.  What is the current condition of the property?

08.  What is the occupancy level?

09.  Is any rehab or construction needed?

10.  Are there internal and external pictures available?

11.  What is the balance due on the current mortgage?

12.  What is the history of the mortgage payments?

13.  Is there a credit report dated within the last 30 days available?  We will still need to pull a new one to submit the loan for approval.

14.  What is your middle credit score?

15.  If a refi:

        a) When did you purchase the property and how much did you pay for it?

        b)  What do you think the property value is now and why?

       c)  How was the value of the property derived?

        d)  Is it supportable?

        e)  How much cash-out are you looking for?

        f)  All current title holders will all need to be on the refinance.

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Cameron & Cameron Mortgage Corporation - 3700 NW 91st Street Suite D-200 - Gainesville, FL 32606
Office Phone: (352) 372-6111 Fax: (352) 372-3005

Camerons...Make it Happen!

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