LIST
OF ITEMS REQUIRED TO UNDERWRITE A
APARTMENT BUILDING
/ MULTIFAMILY / MIXED-USE PROPERTY
 Download
.pdf file
(The
need for items #10-13 will vary according
to each situation)
1.
CURRENT RENT ROLL including:
- Regulated
units (controlled, stabilized)
- Apartment
numbers
- Room/Bathroom
Count
2.
COMPLETE INCOME/EXPENSE STATEMENT on the
property including:
- Annual
property taxes
- Insurance
- Water/Sewer
- Fuel,
Electricity
- Maintenance/Repairs & Management
3.
SUMMARY OF ALL COMMERCIAL LEASES (if any)
showing escalations & expirations.
4.
COMPLETE, DETAILED PHYSICAL DESCRIPTION
INCLUDING SQUARE FOOTAGE.
5.
IF ACQUISITION, PROVIDE COPY OF FULLY EXECUTED
CONTRACT OF SALE.
6.
IF REFI, PRICE ORIGINALLY PAID FOR PROPERTY,
date of purchase and summary of current
financing.
7.
PHOTOS, if available.
8.
SITE PLAN OR PROPERTY SURVEY, if available.
9.
SUMMARY OF CURRENT FINANCING (refinance
only) including:
- Current
lender
- Current
principal balance
- Current
interest rate
- Current
monthly payment
- Maturity
date
- Prepayment
penalty information
10.
CURRENT PERSONAL FINANCIAL STATEMENT (where
applicable)
(If you do not have a recent accountant
prepared financial statement, please click
here for a pdf form)
11.
CURRENT BUSINESS FINANCIAL STATEMENT (where
applicable)
12.
LAST TWO (2) YEARS’ PERSONAL TAX RETURNS
(where applicable)
13.
LAST TWO (2) YEARS’ BUSINESS TAX RETURNS
(where applicable)
14.
PERMISSION TO RUN CREDIT REPORT(S): Please
print the CREDIT REPORT
AUTHORIZATION pdf file. (Please
make copies for each individual in the
case of a corporation or partnership, complete
and fax back to 212-532-1222).
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