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 A COPY OF THE PURCHASE SETTLEMENT STATEMENT.
  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