Property Requirements

• Executive Summary (if Commercial Construction)
• Copy of the Purchase and Sale Agreement (if applicable).
• For a refinance, a copy of the Deed and most recent Tax Bill.
• Last two (2) years property Income and Expenses statement.
• Current Rent Roll/Lease Summary and copies of Rental Agreements.
• Copy of Property Casualty/Fire Insurance Declaration page or name, address and policy number of Insurer.
• Current pictures of front, back, sides, roof, parking lot/garage of subject property. Pictures of north, south, west and east street views.

Credit Requirements

• Fully completed Eagle River Mortgage Commercial Loan Application.
• Fully completed Financial Statement for all borrowers.
• Fully completed Schedule of Real Estate for all borrowers (please breakdown monthly expenses into taxes, insurance and expenses, and include full account numbers, addresses and zips codes for lenders).
• Last two (2) years W-2 statements.
• Last two (2) years signed personal Federal Tax returns - including all schedules.
• Most recent three months Banks Statements.
• Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
• Photocopies of any Stocks or Certificates of Deposits.
• A letter of explanation for any known credit problems.

For self employed borrowers, employed in sales, paid by commission, or owns income property:

• Last two (2) years signed personal Federal Tax returns - including all schedules.
• If self-employed through a corporation, last two (2) years Federal corporate returns as well as a Year-To-Date Profit and Loss Statement and Balance Sheet.