Commercial mortgage loan application requirements

Personal side (required for each applicant and/or owner of the property):

• Signed credit authorization form & electronic disclosure form
• 2 years of personal taxes
• 6 months of personal bank statements
• 2 latest paystubs
• all leases, if any
• latest mortgage statement, if any
• proof of downpayment, if a purchase

Business side (required if the property is held in a business entity, or if the main source of income is a business):

• Loan application for buildings
• 2 years of business taxes
• 6 months of business bank statements
• Profit and loss statement for last 12 months
• All relevant licenses and contracts

Maximum loan term is 15 years and minimum loan-to-value is 75 percent. We offer several ARM types; email a mortgage loan officer for details at loans[at]brooklyn.coop, or call us at 718-418-8232 x5.