Green Door Funding, Commercial Mortgage Brokers Placing Conventional and Hard Money Loans For All Types of Real Estate Backed Mortgages

At Green Door Funding we have detailed loan applications which are, for the most part, processed and submitted electronically. Just as you expect a prompt response from us, we encourage our customers to be professional and responsive to us so that we can present your needs to our funding sources. To the extent possible, we encourage you to submit your information in the following format (on-line):

Green Door Funding Commercial Mortgage Application completed electronically. It is important to indicate the intended use of loan proceeds, the intended strategy to repay the loan, the experience of Borrower, and any other information that the Borrower believes will encourage a Lender to make the Loan.

Personal Financial Statement for Borrower & Key Principals (Excel spreadsheet available for preparation);
Past three years tax returns;
Tax returns and financial statements for business entities which will act as Borrower (if applicable);
Resume or personal history description for Borrower and Key Principals;
Copies of all organization documents and any amended documents of the entity that will act as the Borrower.

A credit authorization form must be completed for all Borrowers and Principals.

Most recent financial and operating information (two years, plus year to date), including financial statements and tax returns relative to operations.
Detailed rent roll for all units;
Most recent property tax assessment notice and property tax bills;
Leases; current rent roll (within the last three months), including tenant names, square footage, lease start/end dates, reimbursements, monthly rents, and vacancies;
Existing mortgage documents (Note, Deed of Trust, UCC Filings, etc.), with copies of payoff letters stating mortgage balances owed;
Electronically forwarded color pictures of property.

Copies of available appraisal, environmental engineering, title and survey reports. Early submission of timely and updated reports will speed our submission of your loan for funding.

Copies of applicable purchase, sale or option contracts/agreements, including service agreements, management agreements, or other significant contracts that affect the operation of the property.

Green Door Funding can respond to loan requests within 24 hours of receiving a loan submission. We understand that every client's needs are unique, so we always look for ways to structure transactions that meet individual needs quickly. The speed with which the rest of the loan application will proceed, however, will depend in large measure on how well we can work with you to impress the lender that your financing needs are secure, conservative and made with integrity.

Assuming that you have made the decision to proceed with Green Door Funding and have delivered all the key documents needed to underwrite the loan, a conservative estimate is sixty to one hundred and twenty days. That said, getting from the "first contact (e-mail or phone call)" to a closing in sixty days (or possibly even less) is possible but requires smooth choreography among all of the professionals involved.