- Completed Loan Application Package
- City map
- Appraisal
- Aerial photos (for commercial loans only)
- Street and property photos
- Survey of site
- Feasibility study
- Detailed construction plans (3 sets with plans and specs)
- Cost data on contemplated construction
- Architects contract
- Resume and brochure of architect
- Construction contract
- Resume and brochure of contractor
- Developers financial statement
- Resume for each guarantor
- Guarantors personal financial statements
ie: 2 years income statements and balance sheet)
- Banking reference for each borrower and each guarantor
- Articles of partnership or articles of incorporation
- Hotel chain affiliation agreement
- Management contract and firm brochure
- Copies of Notes and Mortgages on existing loans
- Pro-forma projection: 1 year by months and balance by quarters to end of stabilized year
- Rent/income and expense statement
- Rent control laws
- Credit report
- Letter of intent for use of funds