Bay Area Capital Commercial
 Loan Application Checklist

In general, the documentation you will need includes:

Check for deposit fee - later

Property Information (if you already have a contract)
Purchase Agreement.
Copy of legal description and title report.
Photos, rent roll, income and expenses for property.
If you have sold a prior property, copy of settlement statement.

ome & Assets

Pay stubs for the last 30 days.
  For the past three years:

Federal 1040's with all pages and schedules.

W-2s unless self employed; then see below
Statements for each bank, mutual fund, and/or investment account for the last three months ALL PAGES.
Estimated source of funds for purchase.
  If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.
  If you own more than 25% of a business:

Corporate or partnership tax returns three years Federal only with all pages and schedules.
  If self-employed:

Tax returns for the last three years (with schedules).

Year-to-Date Profit and Loss Statement prepared by an accountant.
  If you own rental property:

Tax returns for the last three years and current rental agreements, evidence of property tax and insurance for each property.
  If you are retired:

Pension Award Letter.
  If you receive Social Security:

Social Security Award Letter.
  If you are counting child support as income:

Copy of divorce settlement.

Copy of twelve months of cancelled child support checks.


Names, addresses, account numbers, balances and monthly payments on all current loans (request a copy of your credit report first and I can provide).
Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

Rehab or Construction pending

cost of rehab itemized to show $$ needed to cure property


Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.