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Preliminary Loan Analysis | DAVIS-PENN MORTGAGE CO., Houston, TX

Preliminary Loan Analysis

DPMC provides free preliminary loan analyses and can respond with a loan proposal within 48 hours of receiving the following:

  • Existing indebtedness or acquisition price.
  • Construction projects require an operating pro forma and an estimated cost of construction.
  • Proposed Sources & Uses of Funds statement, including any financing commitments in place and a detailed breakdown of hard and soft project costs.
  • Photos of the property, available market information, demographics, location map or a recent appraisal, if available.
  • Copy of current rent roll.
  • Detailed unit mix.
  • Copies of the last three annual financial statements & current interim statement.
  • Proposed repairs and/or recently completed capital improvements.