< Training Center Home | CRE LOAN APPLICATION
OVERVIEW
Once a Client is ready for you to begin processing and underwriting their loan, you will need a completed full CRE Loan Application or Personal Financial Statement. Every lender will have their own commercial loan application. Since you will be submitting your loan to multiple lenders it’s best to use the white-label CRE Loan Application. This application provides all the financial, asset, and debt information lenders need to determine borrower and property eligibility. While commercial and investment properties are evaluated based upon gross and net operating income, all lenders will want a broad overview of the borrower’s financial position, including debt, assets, and schedule of real estate owned.
The white-label CRE Loan Application also includes a Rent Roll and Schedule of Real Estate Owned section for borrowers that may not have these documents ready.
PERSONAL FINANCIAL STATEMENT
If the borrower already has a Personal Financial Statement handy, you can usually skip the loan application form, as long as they also have a schedule of real estate owned, and rent roll, if it is an income property.