Forms & documents

For a term sheet (send these first)

• Completed online application
• Property address, property type, and current condition
• Purchase price and target closing date (or payoff amount for a refinance)
• Rehab or construction budget and after-repair value
• Requested loan amount and exit strategy (sell or refinance)
• Borrower FICO range and number of deals completed in the last 36 months

Borrower & entity documents

• Government-issued photo ID for each guarantor
• Articles of organization / incorporation
• Operating agreement or bylaws
• EIN letter
• Certificate of good standing (state dependent)
• Credit and background authorization
• Two months of bank statements showing liquidity for down payment and reserves
• Schedule of real estate owned

Property documents

• Fully executed purchase contract and all addenda
• Line-item scope of work with costs (rehab and construction)
• Plans, permits, and builder's contract (new construction)
• Title commitment and payoff statement (refinance)
• Title policy — required on every loan
• Hazard / builder's risk insurance policy with lender listed as mortgagee — required on every loan
• Current lease and rent roll (rental and mixed-use)
• Operating statements / T-12 (commercial bridge)

During the loan

• Draw request with line items completed and invoices
• Photo report or inspection access for draw verification
• Updated permits or inspection sign-offs as milestones close
• Extension request, if your project needs more time — extensions are available
• Payoff request when you sell or refinance

Where to send documents

Start with the online application — it captures everything we need for a term sheet. Supporting documents can be emailed to loans@usbizfunding.net with the property address in the subject line, or dropped off at 555 West Brown Deer Road, Suite 200, Bayside, WI 53217. Draw requests go to draws@lendingwise.com.

Questions on a specific item? Call (414) 475-7757 · Mon–Fri, 9:00 AM – 5:00 PM CST