Owner-Occupied Business Checklist

Owner-Occupied Business Checklist

  1. CURRENT BALANCE SHEET
  2. LAST 3 YEARS PROFIT AND LOSS (P&L) STATEMENT AND YEAR TO DATE P&L
  3. COMPLETE INCOME / EXPENSE STATEMENT on the property including:
    • Annual property taxes
    • Insurance
    • Water / Sewer
    • Fuel
    • Electricity
    • Maintenance / Repairs
    • Management
  4. SUMMARY OF ALL LEASES (if any) showing escalations and expirations
  5. COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE
  6. IF REFINANCE, ORIGINAL PRICE PAID FOR PROPERTY, date of purchase and summary or current financing.
  7. IF ACQUISITION, COPY OF FULLY EXECUTED CONTRACT OF SALE
  8. PHOTOS (at least 5)
  9. SITE PLAN or property survey.
  10. SUMMARY OF CURRENT FINANCING (refinance only) including:
    • Current Lender
    • Current principle balance
    • Current interest rate
    • Current monthly payment
    • Maturity date
    • Prepayment penalty information
  11. FULL DESCRIPTION AND/OR HISTORY OF BUSINESS
  12. RESUME OF PRINCIPAL / BIO
  13. LAST 2 YEARS OF PERSONAL AND BUSINESS TAX RETURNS
  14. COPY OF DEED
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Pacific Mortgage Exchange, Inc.

760-779-5556
73241 Hwy 111
Palm Desert, CA 92260

Disclaimer: The content of this site simply provides general information for the consumer. It should not be considered legal advice, guidance, or gurantee of an offer of a loan or financing. This site may include links or references to third-party sites, resources, or content. These parties are not endorsed by Pacific Mortgage Exchange, Inc. nor is the accuracy of their information.