Getting Started

Only Loan requests in amounts greater than $3MM submitted
by approved mortgage.  Brokers that meet the following submission requirements will be accepted.

While BCF encourages loan submissions from all intermediaries, before we can process a request the following two steps must be taken:

(1). Submit your application to become an approved broker, and present the following information on any transaction submitted.  Download application forms from our Application page.

(2). A written description of the following items:

• Your fee agreement or other document evidencing your right
to represent the borrower

• Requested loan amount, term and amortization

• Purpose for the loan - acquisition, construction,
takeout, repositioning or refinancing

• Estimated property value, and by what methods that estimate
was determined.

• Description of the property to be financed including age of
property, materials of construction, description of recent renovation
or capital improvements

• Size of the property and an opinion of property quality/condition;

• Description of the key principals that comprise the borrowing
entity and a statement as to personal creditworthiness, any
property or personal bankruptcies, and any liens or litigation
against any of the key principals;

• A current rent roll that indicates tenant name, unit occupied,
square footage or unit type, monthly rent roll and expense
recoveries

• An income and expense statement for the past 24 months,
 including an income and expense statement for the most recent
12 months with a column totaling the monthly amounts into an
annual figure. Capital expenses should be separated from
ordinary operating expenses

• Color photographs of the interior, exterior and
neighborhood surrounding the property. Digital photographs
are preferred. Additionally, any other information available
on the market, comparable properties or other
valuation/feasibility information would be helpful.


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