How to Start a NNN Loan
The NNN loan processing start when the commercial loan officer gathers the following information.
Property Information required for a NNN Loan
- Year to Date + 2 years financial statements on the property
- Background summary of the tenant
- Color Photos of the property
- Copy of the NNN Lease(s)
- Copy of the Purchase & Sale Agreement (if a purchase)
- Copy of the marketing package (if a purchase)
Borrower Information required for a NNN Loan
- Borrower’s Credit Report
- Borrowers’ Personal Financial Statement
- 2 years most recent tax returns
- Any relevant 1031 information you have
The information provided will be reviewed by underwriters and a term sheet will be issued if the deal is a good fit for the bank. The term sheet will display: rate, fixed period, amortization, fees & another other relevant information regarding your NNN Loan.
If you need to speak to a commercial loan officer we recommend speaking with Nick Fitzer of BMC Capital. He can be reached at 206 303 8526 or at nfitzer@bmccapital.com
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