Submission Requirements

CHECKLIST
1. Complete the CMI Submission Sheet  
2. CMI Principal Application
3. Authorization for all Principals
4. Purchase Agreement
5. Resume for all Principals
6. 1 page - Executive Summary (Explain what you are looking for and the nuts & bolts of your project).
7. Pro-Forma or Business Plan
8. Articles of Corporation and Operating Agreement
9. CMI Principal’s Team Contact Sheet – new requirement but a MUST

*Executive Summary or Pro Forma:  Some Executive Summaries are 50+ pages long.  We have seen them up to 100+ pages.  If the CMI Director needs to read the entire summary, your loans will take a much longer time to process.  Obviously, we will work on the easier ones first…that is human nature.  This way your loan will be prepared to be works the same day it is received. 

Gather these documents while you wait for the Letter of Interest
(You may also send the following with your Loan Submission)

• All Principal Tax Returns for the previous three years
• Business Tax Returns for the previous three years
• If a purchase, Business Tax returns on the Purchase Property
• Business Quarterly Reports
• Year to Date Profit & Loss
• Rent Roll (if applicable)
• Environmental
• Appraisal
• Driver’s License or Passport.  Passports for all Non-US Citizens