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2017 MCL FUNDING

 

After completing a pre-qualification application we can also promptly provide you with a proof of financing letter(s) to assist you in making offers on prospective investment properties.  To obtain a proof of financing letter you must provide a copy of your most recent bank statement (all pages) reflecting a balance of the minimum required funds to close.

Documents needed for a Commitment Letter with terms

  • Contract

  • Budget for Rehab

  • LLC Operating Agreement with % of all ownership

  • LLC Article of Operation

  • Letter of Good Standing within the state of LLC

  • 2017 & 2016 Tax Returns

  • State Issued ID

  • Current Bank Statements within 60 days of closing date (all pages)

  • Title Company Info (name/address/email/phone)

  • Twelve months Builder's Risk Policy (name/address/email/phone)