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Financing Module: Documents
Financing Module: Documents

What documents are required to request financing?

Caroline Riley avatar
Written by Caroline Riley
Updated over a month ago

NIC MAP requests initial documentation to help build an anonymous teaser for your deal. For full underwriting, your lender will require additional documentation depending on your specific financing needs. The required documents vary based on whether you seek financing for an existing building (permanent debt) or a new building (construction).

Permanent Financing

Documents Requested by NIC MAP to Create a Teaser

  • T12 Income Statement

  • Census/Rent Roll (deidentified)

  • Consolidated Balance Sheet

  • Purchase Agreement (if acquisition)

  • Existing Debt Statement/Amount (if refinance)

Typical Documents Requested by Lenders for Underwriting

General

  • Property & Strategy Summary

  • Borrower Bio

  • Sponsor Bio

  • Organizational Chart

  • Licensure

Financial

  • Guarantor Personal Financial Statements (PFS)

  • Prior 3 years of operating statements

  • Prior 3 years of occupancy summary

  • Current year operating budget

  • Consolidated Balance Sheet

  • Prior three years of both personal and business tax returns

Property

  • Site Plan

  • Floor Plan

  • Current and prior CAPEX summary

  • QMIX or Payor Mix (if SNF)

Supplemental

  • Operating / Management Agreement

  • Any available prior appraisals, environmental reports, condition reports, or surveys

Construction Financing

Documents Requested by NIC MAP to Create a Teaser

  • Unit Mix

  • Location Summary

  • Consolidated Balance Sheet

  • Experience of Sponsor and Operator

  • Projected Construction Budget

  • Projected Schedule

Typical Documents Requested by Lenders for Underwriting

General

  • Property & Strategy Summary

  • Borrower Bio

  • Sponsor Bio

  • Organizational Chart

  • Licensure (if available)

  • Project General Contractor and other contractors’ bios

  • Letter of Intent or Purchase Agreement (if applicable)

Financial

  • Projected Operating Budget

  • General Contractor’s cost estimates and proposed contract

  • Consolidated Balance Sheet

  • Guarantor Personal Financial Statements (PFS)

  • Prior three years of both personal and business tax returns

Property

  • Site Plan (if available)

  • Floor Plan (if available)

  • QMIX or Payor Mix (if SNF)

Supplemental

  • Operating / Management Agreement

  • Any available prior appraisals, environmental reports, or surveys

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