Home > Commercial Lending > How To Start A NNN Loan

How To Start A NNN Loan

June 16th, 2008
Interested in:   
  • Low Fixed Rates
  • Obligation Free Consulting
  • Superior Customer Service
  • Expert Advice
  • Name:   
    Email:   
    Phone:   
      

    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

    Share and Enjoy:
    • Digg
    • StumbleUpon
    • Google Bookmarks
    • Facebook

    Related posts brought to you by Yet Another Related Posts Plugin.

    Commercial Lending

    1. No comments yet.
    1. No trackbacks yet.