Documents needed
Here are common documents typically required when applying for a commercial mortgage:
Business & Borrower Information
- Personal identification (driver’s license or passport)
- Personal financial statement
- Business financial statements (last 2–3 years)
- Business tax returns (last 2–3 years)
- Personal tax returns (last 2–3 years)
- Business formation documents (LLC, corporation, partnership agreements)
Property Information
- Purchase agreement (if buying)
- Current rent roll (for income-producing properties)
- Property operating statements (last 1–3 years)
- Current lease agreements (if applicable)
- Property appraisal
- Property insurance information
Financial Documentation
- Bank statements (typically last 2–3 months)
- Profit and loss statement (year-to-date)
- Balance sheet for the business
- Debt schedule listing existing loans or obligations
Additional Documents (may be requested)
- Business plan or property investment summary
- Environmental report (for certain property types)
- Property photos or inspection reports