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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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