Commercial & business purpose

Commercial loan application

This is the commercial intake, not the residential one. It asks about the property, its income, and the entity behind it, which is what a commercial lender actually underwrites. Ten minutes, no credit pull, no obligation.

Buying or refinancing a house, a condo, or a 1-4 unit rental? Use the residential quote form instead. Tell me where the property is and I will tell you whether I can place it.

Fields marked with an asterisk are required. Estimates are fine everywhere else, put your best number in and I will refine it with you.

1. What you need

Loan purpose *

Loan amount requested *

How soon do you need to close?

Recourse preference

2. The property

Property type *

Property address

City

State *

ZIP

Number of units or tenants

Building square feet

Year built

Current occupancy

Will your own business occupy the building?

This one answer can open or close a whole set of programs, so it is worth getting right.

3. The property's numbers

Annual figures for the property itself, not your personal income. If it is vacant, a raw lot, or a ground-up build, leave these blank and use the notes box at the bottom.

Gross annual income

All rent and other income collected in a year, before expenses.

Annual operating expenses

Taxes, insurance, management, repairs, utilities. Do not include the mortgage.

Net operating income, if you already know it

Leave this blank and I will work it out from the two boxes above.

What income documentation do you have ready?

4. Who is borrowing

Vesting entity name

Entity type

Owners and guarantors

Names and percentages only here. No Social Security or tax ID numbers on this form, those come later on a secure document request.

Guarantor credit, best estimate

Commercial experience

Liquid assets

Cash and marketable securities. Retirement accounts count at a discount.

Estimated net worth

Bankruptcy, foreclosure, or deed in lieu in the last 7 years?

It is not automatically a problem on the commercial side. Better that I know now than at underwriting.

5. How to reach you

First name *

Last name *

Email *

Mobile phone *

Company

Anything else I should know

I agree to receive text messages from Rich Preston (Preston Lending) at the mobile number provided above, including loan status updates, document requests, appointment reminders, and closing notifications. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for help. See our Terms and Conditions and Privacy Policy.

No credit pull, no obligation. I read every one of these myself.

Rather talk it through first? Call me at (448) 202-7711 or email rich@prestonlending.com.

Commercial loan application

Application received.