Resources
Get the lending checklist
Everything you need ready before closing, step by step. Enter your details and we'll send it straight to your inbox.
Checklist
Be ready for your funds
Have these ready and your loan moves from request to closing without delays. DSCR and bridge loans share most items. The lists below show the differences.
DSCR
DSCR loans add
- Settlement statement (HUD-1 / CD)From the original purchase. Verifies acquisition cost and title history.
- Verification of mortgageFrom the current lender, if the property has a mortgage.
- Payoff statementFrom the current lender, if you're refinancing.
Bridge
Bridge loans add
- Purchase & sale agreementThe fully signed contract, if you're purchasing.
Plus a scope of work for any rehab.
Property
- Scope of workItemized repair budget for any renovation.
- Lease agreementFor each rented unit, if applicable.
- Insurance quoteA quote to start. The policy must be bound before closing.
Borrowing entity
- Articles of OrganizationShows the borrowing entity is formed.
- Operating Agreement or BylawsMust list every member and their ownership %.
- Certificate of Good StandingNot needed if the entity is less than a year old.
- EIN letterOr last year's business tax return.
- Bank statementsMost recent 2 months, in the borrowing entity, another entity you own, or the guarantor's name.
- Voided checkFor the account that will make loan payments.
Guarantor
- Government IDDriver's license, green card, work visa, or passport for each guarantor.
- Residency documentationIf a guarantor isn't a U.S. citizen.
Helpful, not required
- Appraisal or valuation
- Track record of past projects
- Survey
- Borrowing resolution
Get your lending checklist
Reviews from investors
Live Google reviews appear here once Nevem's Google Business Profile is connected.