Since 1975-Contact us TODAY for a FREE Consultation
Phone or Text 856-278-6103
You may find it useful to use this checklist when composing an executive summary of your project. You may just want to answer each question or fill in each item. By doing so, you will be giving us the information we need. We should have as much of the preliminary information listed below in order to evaluate your real estate financing request. There may be some items that do not directly apply to your situation. These items may be skipped in writing your executive summary or in filling in each item.
GUIDELINES TO CREATING A PRELIMINARY REAL ESTATE FINANCING EXECUTIVE SUMMARY
___ Complete contact information (Your name, company name (if any) and street mailing address,
Telephone and Fax numbers and the best time to reach you.
___ In your own word, in one paragraph, describe the details of the project.
___ Is this a NEW FINANCING, REFINANCE or NEW CONSTRUCTION?
___ Amount of financing required.
___ If this is a refinance, what are the minimum rate, terms etc. that you will accept?.
___ If a purchase, how much down payment do you have available?
___ Purpose of the loan (lower interest rate, longer term, etc.)
___ Details of how you intend to use the proceeds of a loan.
___ Type of property(s) (Warehouse, Land, Apartment building, office building etc.)
___ A complete description of the property(s) (location, square footage, construction type, age, etc.)
___ Has an environmental study been done?
___ Information about the buyer(s), [or owners] of the property? a brief one paragraph resume is desirable
___ A short description of the buyer(s) or owner(s) personal real estate experience.
___ If a purchase, will the seller take a 2nd lien position on any portion of the selling price
___ Explanation of current debt on the property. Include term of loan, interest rate, monthly payment,
number of payments made, approximate remaining balance, lender name etc.
___ Is there a balloon on the current loan? If so how much.
___ If leased: terms of lease.
___ If appraised recently, details of the appraisal, or your estimate of value if there is no recent
___ Rate the buyer(s) or owner(s) personal credit (A to E with A being excellent)?
___ What is the buyer(s) or owner(s) personal FICO (credit) score.
___ Are there any tax or other liens against the property, or against the buyer(s) or owner(s).
IF THE PROPERTY IS A MULTI-TENANT INCOME PROPERTY:
___ Number of units
___ Rent rolls
___ Vacancy percentage
___ Annual rental income breakdown
___ Annual expense breakdown, Who pays for utilities?
___ If an income property and if available, please include an INCOME AND EXPENSE STATEMENT for the latest full year. (If NEW construction, please use PROJECTED figures)
Please complete your summary by telling us any other facts which you feel we should be aware of. Then mail, fax or e-mail the summary to us as soon as possible
Informative and detailed information of great value to income property buyers
can be seen at
Income Property Buyers Tips This new section includes a
Special Report which explains how to
calculate the true value of an
income property. A continually expanding “FAQ”
(Question and Answer) page is also included. We invite you to visit this area of our web site.
How to Contact Us
Send us an E-mail with some details of your financing request. It is important to send your: Full name, PHONE NUMBER and a paragraph or two describing your financing needs. Please DO NOT forget to include your PHONE NUMBER.
Phone or Text: 856-278-6103
Call us anytime 24/7. We are available for one-on-one discussion up to 11 PM Eastern Time and on weekends.
BARCLAY ASSOCIATES - Cherry Hill NJ
MINIMUM LOAN AMOUNTS
Copyright © 1997-2016 JS Inc./Barclay Associates-All Rights Reserved
- INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS- (apartment and office building loans, self storage units, mobile home park financing, strip centers etc. (Not raw land/land developer loans) - $100,000 minimum loan amount. ($125,000 minimum if referred by broker.) Multi-family (apartment buildings) must be 5 units or more.
- RAW LAND LOANS OR LAND DEVELOPMENT LOANS $500,000 minimum loan amount($600,000 minimum if referred by broker).
- SBA LOANS-$300,000 minimum loan amount. ($350,000 minimum if referred by broker).
- OTHER SMALL BUSINESS LOANS (NON SBA)- $300,000 minimum loan amount ($375,000 minimum if referred by broker).
- FACTORING AND ASSET BASED FINANCING These are business loans using accounts receivable, inventory, equipment & real estate as collateral- $500,000 minimum loan amount($600,000 if referred by broker).
- OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.
BROKERS and other intermediaries- WE WELCOME BROKERS. It is EXTREMELY IMPORTANT that you [CLICK HERE] to obtain full information about our referral fee program and our referral fee rates to brokers.
WHAT WE DO NOT DO:
- We DO NOT finance residential properties-only commercial.
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Copyright © 1997-2017 JS Inc./Barclay Associates-All Rights Reserved