Reviewed by Craig Hoebing, AZ Commercial Mortgage Banker CMB-1047342 · Updated October 2026
A commercial loan package is whatever the lender that might hold the loan asks for. Lists on the internet, including this one, are the usual start so a sponsor is not surprised. They are not a closing condition. The Mortgage Bankers Association's site is industry context for why income property is underwritten from a rent roll. The OCC's March 2022 Commercial Real Estate Lending booklet explains that national banks are supervised for the risk in income-producing real estate. The FDIC's risk-management manual of examination policies is the exam framework for banks the FDIC reviews. Those sources explain why a bank asks for paper. They do not make this checklist a legal requirement, and this note is not legal advice.
Capital Market Funds arranges the file. It does not issue the commitment and it does not waive a missing exhibit. Capital Market Funds is not a Fannie Mae DUS lender.
The exhibits that show up on almost every income-property file
A rent roll names the tenant or the unit, the rent, the term, and the concessions. A trailing twelve months, often called a T-12, shows income and expenses for the last year. Operating statements are the same idea over the periods the lender names, sometimes several years. Label a budget as a budget. A projection that is not marked will be treated as if you claimed it already happened.
Entity documents show who may sign: the operating agreement or bylaws, a formation record, and a consent if the lender wants one. An organizational chart helps when there is more than one company. Environmental condition starts with what you know: a prior report, a current use that involves chemicals or tanks, and whether a Phase I already exists. We do not read a report as your environmental counsel. Insurance, a survey, and a title order usually follow. They are the lender's and the title company's list, not a second copy of this page.
When the program changes the stack
SBA's 7(a) page says the agency's primary business loan is applied for through a lender, not directly from SBA, and that the contents of the application vary with the loan size and the lender's method. If the request is SBA, the SBA lender decides the documents. This firm is not an SBA lender and not a certified development company. The arrangement page is Arizona SBA loan broker. A construction draw list is a different statute and a different note, the Arizona construction checklist.
How to read the sheet those documents support is how to read a term sheet. Short definitions are the glossary. Coverage math on numbers you type is the DSCR calculator. The rest of the library is the insights index.
The office is 7373 E Doubletree Ranch Rd #255, Scottsdale, AZ 85258. The phone is (480) 495-8072. Arizona CMB-1047342 and NMLS 1445066. Sending documents is a request to talk. It is not an application the lender has accepted.
Sources
Questions
- Is this checklist the same list every commercial lender uses?
- No. It is the usual starting set: rent roll, trailing income, entity papers, and environmental status. The lender that might make the loan can add or drop items.
- Does a complete package mean the loan is approved?
- No. Documents let a lender start. Approval is that lender's decision. Capital Market Funds arranges the file and does not approve it.
- Who sets the document list on an SBA 7(a) request?
- SBA says the applicant works with a lender and that the application contents vary. An SBA lender sets that list. This firm is not an SBA lender.
- Is the checklist legal advice about what I must sign?
- No. It describes exhibits sponsors are usually asked to gather. Your counsel reads documents you sign. We are not your counsel.
- Should I send a projection unlabeled?
- No. Mark a budget as a budget. A trailing statement and a forecast are different, and lenders treat an unmarked forecast as a problem.