Emigrant Mortgage Corporation Co mme rc ia l Mo r tg ag e Lo a n Se t Up Emigrant Mortgage Corporation 6 East 43rd Street, NY NY, 10017 4th floor
Commercial Pre-Qual INFORMATION EMC MC:Jason Nash – Fax (201)604-6577, Cell (201)543-7232 FACSIMILE
Mortgage Co:_______________
Broker Name & Phone:____________________
PROPERTY INFORMATION AND PURPOSE OF LOAN
Borrowers Name:
Fico score (
Subject Address:
New Construction?_____yes_____no Owner Occupied APT
Property Type:
Mixed use
Loan Amount Requested $ Term
5/25
) Past Foreclosure /Bankruptcies ?
10/25
Underlying co-op
________________
Apartment Building
Purpose:
(Y / N)
COMMERCIAL
Retail (no. APTS)
Purchase
Refinance
Cash out refi
15/15
If Purchase, Purchase Price $_________________ Is there an executed contract of sale?
Source of down paymntt? ________________ Yes
Is property in foreclosure ?____________________
Number of buildings_?___________________
No
If Refinance, Name of lienholder_______________Outstanding balance $_____________________ What DATE was the building last transferred? ____________
Value
Name of seller? ______________________
________________
Amount$________________
PROPERTY DESCRIPTION Number of stories___________ Lot size_________________ Building size ______________ Block___________Lot ______________ How many units?
Residential Units _________ # vacant Apts_______________
What is the Gross Annual Iincome
Comm’l/retail Units _________
Residential $_______________
# vacant Comm’l/retail_______________
Commercial $_______________
Total $________________
INCOME RESIDENTIAL
Please specify all current RESIDENTIAL tenants, and for vacant and owner occupied units list maximum legal monthly rent:
Unit # / Name
Number Of Rooms
Total Sq Ft
Lease Exp Date / Vacant (?)
Monthly Rent
Total Residential Monthly:
Total Residential Yearly: COMMERCIAL
Please specify all current COMMERCIAL tenants, and for vacant and owner occupied units list market monthly rent:
Unit Number
Type
Total Sq Ft
Inception Date
Lease Exp Date / Vacant
Monthly Rent
Total Commercial Monthly:
Total Commercial Yearly:
Dry Cleaning? Yes
No____
Auto Repair, Gas, Yes No Industrial/Factory Yes No__
Are all the units above conforming to the Legal Cof O ? Yes---------No----
Total Gross Yearly Income: $
Less: Vacancy Factor: $ 5% Res 10 % Comm’l Effective Gross Income Yearly: $
Owner occupied _______Apt.________Store
EXPENSES Please list Yearly building expenses: EFC Quote Date ________________
Swap Rate _____________BPS
Yearly
Real estate taxes
$
Fuel
$
Insurance
$
Amount $____________ Rate ___________________BPS
Water/Sewer
$
Term ________________ Amort ___________________
Electricity/Gas
$
Management cost
$
Repairs & Maintenance
$
Reserve
$
Total Expenses Yearly
$
Pts __________________ Grty _____________________ Decline ______________ Initial ____________________
Net Income:$_______________