There is a reason why most of Shoreline’s volume is repeat business; there is simply no substitute for the most professional, experienced and client-focused service in the industry.
Permanent Financing
Shoreline’s lending process is efficient, and clients are kept current on progress throughout. Below is the checklist of what we need to get started on your transaction:
- Operating Statements- Last three FYE and Current Year, Year-to-Date statements
- Current Rent Roll
- Property Address
- Borrower’s Cost Basis
- Current Loan Balance, Lender Name and Maturity Date
- Sponsors’ Financial Statement
- Anchor Tenant Store Sales (for Retail Properties)
The process typically takes 40 to 50 days from Application to Closing, however Shoreline will ensure closing takes place on the client’s timetable. Given our experience, Shoreline is an active participant in a lender’s underwriting process, to provide a client with assurance that the loan requested is the loan closed.
Construction Financing
Each construction lender has its own process of evaluating a loan proposal. Our team has been involved in construction lending for several decades and knows what lenders will want and where they may need assistance working through an underwriting challenge. Below is the checklist of what we need to get started on your transaction:
- Property Address
- Description of the Proposed Improvements
- Cost Breakdown- Land at cost, Plans/Permits/Fees, Offsite Improvements, Hard Construction Costs, Interest Reserve
- Proposed Contractor and copy of Contract (if finalized)
- Borrower and Guarantor Financial Statement
- Feasibility Study (if available)
The process typically takes 40 to 50 days from Application to Closing, however Shoreline will ensure closing takes place on the client’s timetable. Given our experience, Shoreline is an active participant in a lender’s underwriting process, to provide a client with assurance that the loan requested is the loan closed.