Commercial real estate
Read the property. Understand the transaction.
Architectural study
Property Profile
Describe what the property is today and what you intend to do with it. Location, use, ownership and physical condition help place the financing request in context.
- Asset Classification
- Current use, intended use and the property’s asset type.
- Location Context
- City, state and the details of the immediate surroundings that affect the property.
- Physical State
- Current condition, known repairs and any planned improvements.
Operating History
Identify which figures are actual results and which are projections. The records below are useful starting points for a discussion; the documents needed for a specific review may differ.
Rent Roll
Shows current tenants, lease dates and stated rent.
Occupancy
Shows occupied and vacant space. Explain changes and the period covered.
Income & Expenses
Shows collected income and operating costs. Identify the reporting period and separate actual figures from forecasts.
Debt Schedule
Shows existing loans, payoff obligations and maturity dates.
Financing Objective
Capture the property and the financing objective. Continue to bring this brief into your inquiry; nothing is sent until you send your email.