Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Private Lending & Conventional Mortgage Advice
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 7 years ago, 03/08/2018

User Stats

68
Posts
64
Votes
Michael Hutchinson
  • Lender
  • Fort Mill, SCinstal
64
Votes |
68
Posts

What should go in a good lender packet?

Michael Hutchinson
  • Lender
  • Fort Mill, SCinstal
Posted

All, I am getting ready to do my first commercial loan.  I am debating what to put into the lender packet to make sure I don't have issues when soliciting the debt.  I was thinking about putting in the following:

  • Personal financial statement
  • Prior rent rolls on the property for 3 years
  • Some type of public report on the value of the complex (zillow or other) ... not sure on this one
  • A profitability statement ... thinking about using the one on this site from https://www.biggerpockets.com/real-estate-investme... (rental property calculator)
  • Some kind of summary letter with my intent, actions and management overview

Too much?  Too little?  

Thanks in advance,

Mike

Loading replies...