Apartment Finance Due Diligence Resources
A collection of helpful downloadable documents, forms, and templates for the due diligence on an apartment property loan.
Apartment Finance Due Diligence Resources
Organization is crucial to an apartment financing transaction. The otherwise tedious process is only more frustration when investors don't have the documents they need ready and on hand for when lenders request them. We've gone ahead and created some templates and gathered together some of the more widely requested items for investors who may not have such resources on hand.
Financing different types of multifamily housing will often require the same documentation with some slight differences, however this list provides a decent baseline for all apartment financing transactions. While every apartment loan transaction is unique and each lender varies with their requirements, repeat investors should find that these items are consistently what make up a comprehensive loan package.
To be used at your discretion:
Quick Qualification
- Trailing 12 months (TTM)
- Current rent roll.
- Profit & Loss (P&L) Sheet (3-year Range)
- Current rent roll
- Trailing 12-month P&L
(month-by-month) - Personal financial statement
- Stabilized Budget
- Business Organizational Chart
- Personal Financial Statement (for each borrower/investor)
- Schedule of Real Estate Owned (SREO)
For Quotes
For Closing
Having these items ready can help an investor quickly find out if they qualify for a desired LTV, LTC, loan amount etc.. These docs can only help create a very broad picture, but can also give a relatively fast positive/negative result as to the feasibility of a loan in question.