Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

118
Posts
61
Votes
Armando Payano
  • Developer
  • Tampa, FL
61
Votes |
118
Posts

Writing a bio for a commercial loan application

Armando Payano
  • Developer
  • Tampa, FL
Posted

Hello BP,

I am in the process of applying for our first commercial loan. We have done numerous residential loans since we started investing about 2-3 years ago. The loan is for a multifamily residential property. One lender has asked us for a "borrower resume/biography" my initial draft seems a bit sloppy and I am wondering if anyone on here can point me in the right direction so that I can view a well written borrower resume/biography. 

Thanks in advance

Most Popular Reply

User Stats

171
Posts
21
Votes
Tony Talamas
  • Lender
  • Houston, TX
21
Votes |
171
Posts
Tony Talamas
  • Lender
  • Houston, TX
Replied

@Armando Payano @Andrew Johnson

Speak to your real estate experience – single-family rentals and multifamily properties owned and operated, past and present. Discuss each property and the number of units at each property that you have owned and operated – even if as a third-party. Mention properties sold as well. Discuss how you improved those properties – what did you pay for them? How much more did you invest? How did you improve rents, operations, and NOI? What are values today? You want to demonstrate a hands-on knowledge of real estate operations. Elaborate on all of you real estate experience as you would on a resume. One page maximum. This is a great way to have new lenders get to know you quickly.

Loading replies...