Documentation Required
- Draw Schedule
- Ferrous Metal Scan (Tank Sweep)
- Contact of Sale and complete attorney review chain.
- Corporation Formation Docs
- Flood Search
- Corporation Operating Agreement
- Hazard Insurance
- Flood Insurance
Loan Requirements
- Loan term of 1 year to 2 years
- Loan to value of 60%-65% or less for Commercial Bridge
- Loan amounts up to $3,000,000 but will consider larger on a case-by-case basis
- Experienced team to complete the project
- Funds to maintain your monthly interest payments
- Exit strategy
- An Appraisal completed by an independent appraisal company
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