PRELIMINARY SUBMISSION PACKAGE: Include the following in your request for a loan quote:
1. Property description and location map
2. Number of units with breakdown of proposed rents by unit type
3. Current rent roll and year-to-date operating statement
4. Operating history – prior 3 years, if available
5. Proforma next 12 Months
6. Current year operating budget
7. Existing debt and purchase price if within 3 years
8. Sponsor resume
9. Owner Liquidity and Net worth, Do not included 401(k) investments in liquidity.
(Six months debt service of liquid assests requited for FNMA)
10. Loan request
KENDALL REALTY ADVISORS LLC
LOAN QUOTE CHECKLIST
FNMA, FREDDIE MAC, FHA 223(F)
FNMA SMALL APARTMENT
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