Get Dcu Commercial Mortgage Property Rent Roll And Operating Data Form Checklist 2002-2025

This guide provides clear instructions on how to complete the DCU Commercial Mortgage Property Rent Roll And Operating Data Form Checklist online. By following these steps, users will be able to efficiently fill out the necessary information for their commercial mortgage application.

Follow the steps to complete the form accurately

1. Click 'Get Form' button to obtain the form and open it in the document editor.
2. Fill in the header section with the date, street address, city/state/ZIP code, and if applicable, the sales price for purchases or the date of purchase for refinancing. Ensure accuracy in each field to avoid processing delays.
3. Select the type of property by circling one of the options: Residential, Office, Mixed Use, Warehouse, Industrial, or Other. This classification helps in processing your mortgage application.
4. Enter the number of units and land area provided in the respective fields. If the property is commercial, indicate the square footage.
5. For refinancing, include the current lender's name, loan balance, and monthly payment details, ensuring to differentiate between the first and second mortgages if applicable.
6. Complete the rental income section by listing each tenant in the designated fields. Include their unit number, monthly rent, square footage or number of bedrooms, and indicate who pays utilities. Use additional pages if you have more than ten tenants.
7. Calculate and enter the total monthly rent and total annual rent based on the information provided for each tenant.
8. List all estimated or actual cash operating expenses in the relevant fields, categorizing expenses such as accounting, legal, gas/oil, and management fees. Providing exact figures will aid in your application comprehensively.
9. If applicable, provide a list of major repairs required over the next seven years, including projected costs and estimated start dates for the work.
10. Finally, sign the form to verify its accuracy. It's crucial to ensure all fields are completed, as incomplete or unsigned forms will delay your mortgage processing.
11. Once you have filled out the form, save your changes, download it for your records, print a copy if needed, or share it as required.

Complete your documents online today for a smoother mortgage application process.