LIST
OF ITEMS REQUIRED TO UNDERWRITE A
PARKING GARAGE
 Download
.pdf file
(If
there is more than one location, please
provide requested info for each of the
properties):
1.
COPIES OF ALL LEASES including any modifications
and amendments.
2.
PROPERTY OPERATING STATEMENTS FOR THE PAST
THREE YEARS including a rent roll as of
the application date, and a statement of
the estimated year-to-date profit and loss
for the current year.
3.
A BALANCE SHEET for the last calendar year
end for the ownership entity.
4.
Current real estate tax bills or receipts.
5.
PROPERTY SURVEY OR SITE PLAN.
6.
PROPERTY LEGAL DESCRIPTION including any
encumbrances affecting the mortgaged premises.
7.
PHYSICAL DESCRIPTION OF REAL ESTATE including
gross building area, information about
the construction and building systems (HVAC,
etc.). Also a list of any major renovated
building items over the past three years
( if any) and their approximate cost.
8.
BORROWER AND PRINCIPAL INFORMATION including
identity and ownership percentages of the
Principals and major partners, personal
financial statements of Principals, and
resume(s) of Principal(s).
9.
PARKING MANAGEMENT EXPERIENCE OF OPERATOR.
10.
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). |
