LIST
OF ITEMS REQUIRED TO UNDERWRITE AN
OFFICE BUILDING
 Download
.pdf file
(The
need for items #9-12 will vary according
to each situation)
1.
CURRENT RENT ROLL including:
- SF
of units
- Lease
abstract details such as: Escalations,
commencement & expirations, add-ons,
description of tenant, Description of
any added rent that the tenant is responsible
for (In addition three years of historical
data would be ideal)
2.
COMPLETE INCOME/EXPENSE STATEMENT on the
property including:
- Annual
property taxes
- Insurance
- Water/Sewer
- Fuel
- Electricity
- Maintenance/Repairs
- Management
- CAM
- Leasing
commissions, tenant improvements
3.
COMPLETE, DETAILED PHYSICAL DESCRIPTION
along with SITE PLAN or Property Survey.
4.
IF ACQUISITION, PROVIDE COPY OF FULLY EXECUTED
CONTRACT OF SALE.
5.
IF REFI, PRICE ORIGINALLY PAID FOR PROPERTY,
date of purchase and summary of current
financing.
6.
PHOTOS, if available.
7.
SUMMARY OF CURRENT FINANCING (refinance
only) including:
- Current
lender
- Current
principal balance
- Current
interest rate
- Current
monthly payment
- Due
date
- Prepayment
penalty information
8.
INFORMATION ON MANAGEMENT COMPANY, IF SEPARATE
FROM OWNERSHIP.
9.
CURRENT PERSONAL FINANCIAL STATEMENT (where
applicable)
(If you do not have a recent accountant
prepared financial statement, please click
here for a pdf form)
10.
CURRENT BUSINESS FINANCIAL STATEMENT (where
applicable)
11.
LAST TWO (2) YEARS’ PERSONAL TAX RETURNS
(where applicable)
12.
LAST TWO (2) YEARS’ BUSINESS TAX RETURNS
(where applicable)
13.
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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