Commercial Financing
Forms And Applications
Commercial Real Estate Financing requires a
unique set of Forms and Applications. While some Programs use
the Residential Mortgage Application, known as the 1003, many
do not.
On this page you will find the Commercial
Financing Forms and Applications needed by Commercial Capital
Limited, LLC, along with a brief description of each.
Keep in mind that when completing any of these
Forms and Applications, it is crucial that you complete
ALL of the information requested. If
you do not understand something, simply let me know and I will
walk you through it.
If you provide incomeplete information it will
only slow down the process. So, when in doubt, fill it out! Or
at least ask.
Also, something else you need to consider. And
this is a BIGGIE! If you are talking to other Mortgage
people about your situation, and you either do not provide them
with documentation, or they do not ask you fir it, it is
impossible for them to give you any kind of "real"
answers.
Unfortunately, this happens more often than you
would imagine. It can happen if the Mortgage person you
are talking with does not really know and understand Commercial
Real Estate Financing, so he/she just doesn't know what to ask
you, or what documents to ask you for.
It's not your fault. You
believe they know what they're doing, when in many cases they
don't. A major cause of this nowadays is the result of the
residential mortgage market. Many Brokers and Loan Officers are
scrounging for deals, so if a Commercial Loan comes up they
want to help. But, because they think Commercial Financing
is the same as Residential, they make mistakes.
The point is, make sure you talk to someone who
is experienced in the Commercial Mortgage Market. It will save
you time and a lot of unnecessary grief.
It's important to understand that you are not
applying for a Residential Mortgage. This is Commercial
Financing, which is a completely different animal. If you
haven't read the pages What is Different About Commercial Real Estate
Financing? or Commercial Mortgage Process, please go
back and read them.
It will be worth you taking the time to read
the information and view the videos on those pages.
If you haven't already done so, the
first place to start is to complete the Commercial Deal Screening
Form.pdf, and either email or fax that to me
ASAP.
Remember, if you have questions complete the
Commercial Deal Screening Form FIRST, and
include your questions with the completed Form. I cannot answer
your questions unless I have this basic information.
Here is the Commercial Deal Screening
Form: Commercial Deal Screening Form.pdf
One standard Form you will need for just about
any type of Commercial Mortgage is a Personal_Financial_Statement.pdf This
will come in handy, so print a copy and start filling it
in.
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