Commonly Required Items

Proposed Loan Documentation

Promissory Note

Mortgage or Deed of Trust

Assignment of Leases and Rents

Assignment of Management Agreement (If applicable)

UCC-I Financing Statements (encumbering all fixtures, appliances, etc.)

Enviornmental Indemnity Agreement

Guaranty Agreement

Lead-Based Paint Acknowledgement and Indemnification Agreement

Asbestos O & M Agreement (If applicable)

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Other Documentation     

Copy of Title Policy

Mortgage Title Insurance Commitment

Evidence of required insurance and special endorsements (If applicable)

Copies of all recorded exception documents

UCC Financing Statement Search, Tax Lien Search and Judgement Search

Real Property Tax Search

Copies of most recent property tax bills

Municipal departmental violation searches, including enviornmental lien searches

Leases

Copies of all leases, including all modifications and amendments (commercial tenants onl)

Copies of standard form lease (commercial and multifamily)

Rent Roll and Occupancy Statements

Estoppel Letters and Subordination Agreements

Estoppel letters executed by all space tenants (commercial tenants only)

Subordination, non-disturbance and Attornment Agreements (commercial tenants only)

Zoning, Use and Occupancy

Letter from municipality (zoning and building compliance)

Zoning Comfort Letter

Copy of Management Agreement

Survey

Casualty Insurance Documentation

Copy of All Risk Insurance Policy (Hazard & Liability)

Boiler Damage and Liability Policy (If applicable)

Flood Insurance Policy or evidence that premises are not in flood zone

Evidence of payment of one year's insurance premium

Law and Ordinance coverage if property is non-conforming

Borrower Organizational Documents

Where Borrower is Corporation or Corporate General Partner

Articles of Incorporation and all amendments thereto, certified by Secretary of State where incorporated

Copy of Bylaws, certified by borrower

Certificate of Good Standing issued by Secretary of State (or equivalent) of state where incorporated

Borrowing Resolution of Board of Directors

Incumbency and Secretary Certificate

Where Borrower is Limited or General Partner of a Partnership

Articles of Incorporation of General Partnership and all amendments thereto, certified by Secretary of State where incorporated

Certificate of Good Standing of General Partner

Copy of Limited Partnership Agreement

Certificate of Limited Partnership and al amendments thereto, certified by appropriate office

Evidence of Publication of Certificate of Limited Partnership (if required)

Borrowing Resolution

Where Borrower is Limited Liability Company

Articles of Incorporation and all amendments thereto, certified as files by the Secretary of State where organized

Copy of Operating Agreement, certified by borrower

Certificate of Good Standing

Borrowing Resolution of Member/Manager