What will I need to provide to get a term sheet?

[Nolan O.]

I’m looking to buy a mobile home park and have started approaching a couple brokers to get info about properties. One asked for a pre-approval, likely to gauge whether I’m a serious buyer. My thought is that a term sheet should suffice, but I’m new to the world of commercial lending and I’d like to be prepared when approaching banks. What can I expect banks to ask for (and what will they look for in what I provide) when I approach them about a term sheet?