Commercial Real Estate Lending: Application Process
If you have a transaction that fits within our guidelines, please contact us and we’ll work with you through the entire lending process. For your information, our typical loan application process is as follows:
Submit initial documents for review:
- Completed & signed AgriCap Application
- Executive Summary – brief description of project or business
- Year-to-date financial statements
- Federal Tax Return, last 3 years (individual and corporate)
- Current Appraisal Report (must be within last 90 days)
- Current Preliminary Title Report
- No fees are collected at this time
Upon pre-approval, submit:
- Signed Proposal/Cover Letter
- Signed Term Sheet
- Due diligence fees for Stage 1, Credit Processing (click here for an explanation of fees collected)
- Signed Broker Origination Agreement
- Corporate Financial Statements of borrower and guarantor
- Year-to-date financial statements
- Federal Tax Return, last 3 years
- Financial Projection
- Personal Financial Statements of borrower, owner, shareholder, and guarantor
- Year-to-Date Financial Statement
- Federal Tax Return, last 3 years
- Financial Projection
- Preliminary Title Report (must be current within last 30 days)
- Appraisal Report (must be current within last 90 days; must be certified by GA, MAI, ARA)
- Phase I Environmental Report/Surveys
- Sales & Purchase Agreement
- Insurance Certificate
- Summary from borrower explaining use of funds and exit strategy
Every loan transaction has its nuances and we’ll work through them with you. For more information, or to speak with an experienced account representative, please contact us at 213.542.5232 or sales@agricap.com.
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