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DOCUMENTS REQUIRED FOR LOAN PRICING

ADDITIONAL DOCUMENTS REQUIRED FOR COMPLETE UNDERWRITING

  • Purchase and Sales contract, if applicable
  • Certified Current Rent Roll
  • If available, past 2 years and YTD operating statements for subject property
  • If available, color photos of property
  • Current real estate tax bills
  • Certificate of Occupancy
  • Completed Environmental Questionaire and any recent environmental reports for the subject property
  • Proof of insurance (hazard, liability and business interruption) with Lender as loss payee, additional insured and mortgagee
  • 2 months most recent bank statements and verification of funds to close

* For refinances:

  • Last 12 months payment history, including the terms for the mortgage being satisfied
  • Payoff letter for mortgage being satisfied

* For self-employed borrowers, owner occupied properties and/or if borrower is a business entity:

  • Last 2 years and YTD financial statements for the business entity
  • Last 2 years complete, signed IRS tax returns for the business entity

* For individual borrowers and guarantors:

  • Last 2 years personal signed IRS tax returns
  • Pay stubs for last 30 days

* For business entities as borrowers:

  • Organization documents (Partnerships and Trusts may require other documentation)
  • If property is located outside the borrowing entity's state of incorporation or formation, a copy of authorization to do business in that state dated within 30 days of closing is required
  • Corporate Resolution permitting Borrower(s) to obtain debt on behalf of the business

* For investor properties when single tenant is related entity to borrower:

  • Last 2 years and YTD financial statements of tenant



Liberty Funding, LLC - 205 Powell Place, #104 - Brentwood, TN 37027
Office Phone: (800) 975-2691 Fax: (615) 312-8291


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