Multi-Family or Mixed-Use Property Checklist

  1. CURRENT RENT ROLL including:
    • Regulated units ( controlled, stabilized)
    • Apartment number
    • Room / Bathroom count
  2. COMPLETE INCOME / EXPENSE STATEMENT on the property including:
    • Annual property taxes
    • Insurance
    • Water / Sewer
    • Fuel, Electricity
    • Maintenance / Repairs & Management
  3. SUMMARY OF ALL COMMERCIAL LEASES (if any) that show expirations and escalations
  4. COMPLETE, DETAILED PHYSICAL DESCRIPTION INCLUDING SQUARE FOOTAGE.
  5. IF ACQUISITION, PLEASE PROVIDE A COPY OF FULLY EXECUTED CONTRACT OF SALE.
  6. IF REFINANCE, PROVIDE THE ORIGINALLY PAID PRICE FOR PROPERTY, date of purchase and summary of current financing.
  7. PHOTOS (at least 5)
  8. SITE PLAN OR PROPERTY SURVEY, if available.
  9. SUMMARY OF CURRENT FINANCING (refinance only) including:
    • Current Lender
    • current principal balance
    • Current interest rate
    • Current monthly payment
    • Maturity date
    • Prepayment penalty information
  10. CURRENT BUSINESS FINANCIAL STATEMENT
  11. CURRENT PERSONAL FINANCIAL STATEMENT
  12. LAST 2 YEAR PERSONAL AND BUSINESS TAX RETURNS