What documents are required for full due diligence?

All documents should be filled in completely and signed by the appropriate parties.

1. Loan Origination Documents - Required

1. Promissory Note
2. Recorded Mortgage/Deed of Trust (or certified copy with recording info written in)
3. Evidence of Non-Owner Occupancy
4. Certificate of Business Purpose
5. Escrow Instructions (signed by escrow officer, title officer and borrower)
6. Settlement Statement (HUD)
7. Disclosures

2. Loan Origination Documents - if applicable

1. Personal Guaranty (from owner of the borrower entity)
2. Extensions/Modifications
3. Recorded Assignments of Leases/Rents (if applicable)
4. Prior Assignment Documentation
   • Recorded Assignments of Deed/Mortgage
   • Assignment of Other Loan Documents (including Intercreditor if applicable)
   • Evidence of Assignment of Property Insurance
   • Evidence of Assignment of Title Insurance Policy

3. Other Documentation - Required

1. Loan Application
2. Valuation
3. Evidence of Property Insurance (EOI)
4. Flood Insurance Binder
5. Title - Prelim, Commitment, Policy
6. Purchase and Sale Agreement (PSA) - Purchase transactions
7. Loan Documents for any Additional Debt (Note and Mortgage/Deed)
8. Intercreditor Agreement (if additional debt exists)
9. HOA/Condo Documents (if property part of HOA)
10. Loan Payment History (for all previously originated loans)

4. Borrower/Guarantor Documentation - Required

1. Evidence of Eligibility
2. Driver’s License or State ID
3. Credit Score
4. Social Security Number or ITIN number

5. Corp Entity Documents - if applicable

1. Entity Formation Documents
2. Evidence of Good Standing
3. Evidence of Signatory Authority
4. Fed TIN
5. State ID Number

6. Other Info - if applicable

1. Certified Borrower Financials
2. Schedule of Real Estate
3. Evidence of Track Record
4. Lease Documents for all Tenants
5. Certified Rent Roll - Tenant Names, Monthly Rent, Lease Commencement, Lease Expiration
6. Borrower/Guarantor Background Checks
7. Borrower/Guarantor Criminal History Reports
8. Letters of Explanation - Bankruptcies, Criminal Activity