Resources
Loan Document Checklist
Gather the right documents before you apply and close faster. Select your loan type below to see exactly what we need.
Closing a commercial loan is a process. These checklists simplify it — gather the documents, email them to loans@flexvcapital.com, and we'll get to work.
Commercial Mortgage
Permanent financing for stabilized income-producing commercial real estate.
- Property address and name of owner/buyer
- Amount of loan requested
- Purchase or refinance — if purchase, copy of the purchase contract
- Year-end property income & expense statements for the most recent 3 years (Excel)
- Most recent 12-month income & expense statement by month (Excel)
- Most recently available balance sheet for the property (refinance only)
- Note any capital improvements or large non-recurring expenses
- Annual average occupancy statistics for most recent 3 years
- Current rent roll: tenant name, SF, monthly/annual base rent, rent/SF, lease start/end, lease type (gross, net, modified gross), occupancy date, options, expense recoveries (RET, INS, CAM), termination rights, percentage rent
- Copy of most recent expense recovery reconciliations (net/modified gross leases)
- Copy of most recent tax bill
- Copy of any existing appraisal, property condition assessment, or Phase I Environmental — if none, provide site plan, owner's value estimate, and year of construction/renovation
- Personal financial statement for any owner with >20% interest
- Sponsor resume showing experience with similar properties
- Management company resume/brochure (if third-party managed)
- Market study: occupancy, rents by class (A/B/C), absorption
- Exterior photographs
Not sure if you have everything? Send us what you have and we'll tell you exactly what's missing. Email loans@flexvcapital.com or call (917) 791-2560.
Ready to Submit Your Documents?
Start your application online or email your documents directly to our team. We respond within 24 hours with a term sheet.