Commercial Lending Documents Needed - Blackstone Financial, Inc.Blackstone Financial, Inc.

If you are applying for a commercial loan, the following is a general list of documents you will need to provide along with your loan application:

Commercial Tenant Leases (Not applicable to multifamily/apartments)
Rent Roll (Current & Signed by borrower) *Provident Rent Roll -optional
Previous Full year and YTD income and expenses on subject property & Sched E’s (If applicable)
Purchase agreement & any Counteroffers, Amendments and/or Addendums
Environmental Questionnaire
4506T Request For Transcript of Tax Return
Schedule of Real Estate Owned

2 years Federal Tax Returns, including ALL K1’s, 1099’s and matching W2’s
Most Recent paystubs (If applicable for borrowers with W2 income)
Most recent 2 years partnership tax returns for all entities in which borrowers own 20% interest or more
*4506-T
Year to Date Profit and Loss for all business and corporation income
Most recent 2 months bank statements for ALL bank/brokerage accounts
Social Security awards letter – for all borrowers collecting social security
Schedule of Real Estate Owned – *if form needed, located here
Mortgage Statements for all properties owned as listed on Schedule of Real Estate, including subject (if refinance)
Refinance: Proof of no prepay on current loan – copy of note will show
Property Insurance & Contact info – NOTE: 1yr Prepaid for Purchases / 6 months required for Refinances -on policy at funding
*Environmental Questionnaire
Escrow instructions
Letters needed from borrowers
- Management Plan/History – how borrower plans to manage property & has managed/property management company
- Purpose of Refinance letter – simple letter explaining purpose of refinance & confirm vesting
- If Purchase – letter explaining source of down payment, list exact accounts/banks & confirm vesting

Articles of Incorporation (Filed with the Secretary of State
Statement of Information
Certificate of Good Standing
Corporate Resolution to borrower
Minutes of the most recent Board of Directors meeting appointing current officers (if Corporate Officers named in the Statement of information have changed)