Multi-Family or Mixed-Use Property Checklist
- CURRENT RENT ROLL including:
- Regulated units ( controlled, stabilized)
- Apartment number
- Room / Bathroom count
- COMPLETE INCOME / EXPENSE STATEMENT on the property including:
- Annual property taxes
- Insurance
- Water / Sewer
- Fuel, Electricity
- Maintenance / Repairs & Management
- SUMMARY OF ALL COMMERCIAL LEASES (if any) that show expirations and escalations
- COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE.
- IF ACQUISITION, PLEASE PROVIDE A COPY OF FULLY EXECUTED CONTRACT OF SALE.
- IF REFINANCE, PROVIDE THE ORIGINALLY PAID PRICE FOR PROPERTY, date of purchase and summary of current financing.
- PHOTOS (at least 5)
- SITE PLAN OR PROPERTY SURVEY, if available.
- SUMARRY OF CURRENT FINANCING (refinance only) including:
- Current Lender
- Current principal balance
- Current interest rate
- Current monthly payment
- Maturity date
- Prepayment penalty information
- CURRENT BUSINESS FINANCIAL STATEMENT
- CURRENT PERSONAL FINANCIAL STATEMENT
- LAST 2 YEAR PERSONAL AND BUSINESS TAX RETURNS
