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LOAN SUBMISSION CHECKLIST

Typical Documents to be submitted to obtain a Letter of Interest (i.e. a loan quote with amount, terms & conditions):

1) An executive summary or outline describing:
    a) the amount of loan requested;
    b) the collateral (e.g. property type, age, building             size, land area, condition);
    c) the borrower(s);
    d) the purpose of the financing (e.g. acquisition, refinance or renovation);     
    e) the business plan for the project including comment 
       on the recent and future vacancy trends.

2) Income and Expense Statements for:
    a) the previous three calander years;
    b) a "trailing 12 month" Statement (using a month by          month format for the last 12 available months).
The statements should be certified by the borrower.
(NOTE: if possible, include a diskette with these statements in an Excel or Lotus format).

3) Rent Roll (the most current month available and certified by the borrower). Details of tenant expense reimbursements should be included, when applicable.  

4) Color photos (& aerial photo if available).  It would be best to see shots of each exterior elevation, including signage and significant interior shots. 

5) Salient exhibits, if available:
    a) purchase contract, if an acquistion;
    b) recent appraisal;
    c) environmental report;
    d) engineering report;
    e) site plan and location maps;
     f) resumes of borrower(s) and management company;       g) demographic information;
     h) sources and uses of project funds;
     i) market reports (sales, rents and vacancy tends are           helpful).   

For Hospitality projects additional information will be required including:
    1) ADR, RevPar and Occupancy figures for the three         previous years;
    2) franchise affiliation information; 
    3) competitive market information (e.g. STR report).          Additionally, it is important that franchise fee,          management fee and capital reserve expenditures          be specifically itemized for each of the three years.

Additional Documents to be submitted with a Loan Application:

   1) an update of the Income and Expense Statements          submitted with the request for a Letter of Interest;

   2) tax returns for previous three years for both: a) the         project; and b) the borrower, if recourse;

   3) the last three (3) years of sales figures for all
       tenants with percentage rents (Retail only);

   4) the remaining unsubmitted information itemized in                 the above described Salient Exibits section;

   5) copies of leases;  

   6) a check and additional information requested in          the Letter of Interest.

36 Four Seasons Center, Suite 336  St. Louis, MO  63017   Phone:  800-707-2699  Fax:   314-878-7755
4515 Madison, Suite 200  Kansas City, MO  64111  Phone:  800-707-0045   Fax:  816-751-0543