Our Commercial Lending Process
Step 1
AmVest Capital and banker sign non-disclosure agreements protecting customer's privacy and bank’s relationship with the customer.
Step 2
Banker submits preliminary information that includes the following:
- Executive Summary - summarizing the transaction request
- Income and expense statements - showing details of subject property for the previous 2 years and YTD
- Borrower's personal financial statement - itemizing assets, liabilities, net worth, and liquidity
- Current rent roll - detail of property tenants and rental amounts, collections, occupancy dates, etc.
- Property photos
Step 3
AmVest reviews and issues a detailed term sheet to the banker and customer. The term sheet itemizes the loan program, fees, closing costs, and third party expenses.
Step 4
AmVest Capital advises bank and customer on term sheet and answers any questions and concerns.
Step 5
AmVest Capital then orders the appropriate independent third party reports: appraisal, environmental, engineering, title, and moves to final commitment.
Step 6
AmVest Capital works with the banker and customer to set up the closing and funding dates and time for the commercial lending program.