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.