How To Start A NNN Loan

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