Ground Lease Analysis This analysis is for Fannie Mae underwriting purposes only. Completion of this form does not fulfill the warranties and other leasehold loan requirements set forth in the Multifamily Guides. Are paid by the unit owner to Fee Owner Sub-Lessor Owner s Assoc. Does unit owner or owner s association lease any other land equipment facilities or services from Fee Owner or Sub-Lessor Yes No. If Yes specify items and rents If Yes.
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How to fill out the Fannie Mae Ground Lease Analysis Form online
Completing the Fannie Mae Ground Lease Analysis Form online is a critical step for obtaining favorable underwriting for leasehold loans. This guide provides comprehensive and accessible instructions for each section of the form, ensuring that all users can complete it with confidence.
Follow the steps to successfully complete the Fannie Mae Ground Lease Analysis Form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Fill in the address of the mortgaged premises, including the number and street, city, county, state, and zip code. This information is essential for identifying the property in question.
- Enter the project name. Indicate whether the project is a condominium or planned unit development (PUD) by selecting the appropriate checkbox.
- Provide the names of the parties involved. Indicate who the borrower is by selecting whether they are the lessee or sub-lessee. Fill in the names of the sub-lessor and the fee owner.
- In the status of ground lease section, answer the questions regarding encumbrances and liens. Provide explanations on the reverse side if necessary.
- In the description of the property section, provide details about the primary lease and sub-lease if applicable, including lease dates and duration.
- List the rental terms of both the primary lease and sub-lease, ensuring that all relevant information is detailed.
- Explain any rights and options available to the parties, including extension options and purchase options, providing details as necessary.
- If the lease or sub-lease involves a condominium or PUD, complete the additional section regarding ground rent payments and any related leases.
- Provide clear responses for any additional items, ensuring to label N/A where applicable. Conclude by signing and dating the analysis.
Start filling out the Fannie Mae Ground Lease Analysis Form online today to streamline your document processing.
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Does Fannie Mae allow Airbnb income?
Airbnb Loan FAQs Yes. Fannie Mae Guidelines allow lenders to make conventional loan offers that take projected income from short-term rental platforms including but not limited to well-known travel sites like Airbnb and Vrbo.
Does Fannie Mae allow leasehold properties?
Fannie Mae purchases or securitizes fixed-rate and adjustable-rate first-lien loans that are secured by properties on leasehold estates in areas in which this type of property ownership has received market acceptance.
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