Documents Needed To Refinance Multi Unit That's On Land Contract
If you have a commercial / multi family property that you have had on a land contract for 13 months what documents do you need to refi this property into your name. Is it the standard items: cancelled checks, contract, appraisal, etc. or is there a special set of rules for multi family.
mrlee,
refinancing multi's is a little different. Here is what you will need:
Three years income tax and financial statements
·Year-To-Date Profit & Loss and Balance Statement
·Personal Finance Statements
·Projected Cash Flow Statements for next 12 Months and Rent Rolls.
·Federal and State Taxes Information
Hope this helps you out.