Commercial R. E. - Leases

All property Leases are required to be submitted to the lender.  The exception may be a large project with many tenants.  Some small tenant leases may not be required if the Lease form is submitted.  Since the Leases represent the backbone of the cash flow of the property, it's critical that the Leases match up with the Rent Roll and Operating Statements.  When we receive the Leases, we'll compare the economic provisions to the Rent Roll.  We'll also check to assure the Operating Statement represents all occupied space, and common area maintenance (CAM) charges are properly accounted for.  By reviewing the aforementioned information, we'll be sending a "clean" loan package to the lender.  Our process saves time and provides the lender with with a high comfort level. 

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