REQUIREMENTS TO PROVIDE A 223(f) LOAN ANALYSIS
FOR
THE
ACQUISITION OR REFINANCE OF
EXISTING MULTIFAMILY APARTMENTS
If you provide AMERICAN MORTGAGE with the
following preliminary information, we will be pleased to
provide you with a mortgage proposal, at no charge, which
will outline the loan amount, rate, terms, and conditions
of the financing we can arrange for you:
- Project
description
- Site
location map
- Current
rent roll (with summary of any rent concessions)
- Annual
operating statements for each of the past 3 years and
year to date (if available)
- If
refinance; summary of existing debt and copy of mortgage(s)
and note(s)
- If
acquisition; copy of option or purchase contract
- List
of any proposed repairs and cost estimate
- Resume
on proposed sponsor and management agent
- Market
study or appraisal (if available)
- Project
unit mix including unit sizes, number of bedrooms, number
of bathrooms,and current asking rents.
- List
of any ancillary income detailing the source and anticipated
monthly revenue.
- Occupancy
history for the most recent year end and each of the
last six months.
- List
of project amenities and what is included in rent versus what is paid for by the tenants.
223(f)
Loan Summary |
