Avatar's Blog
» Financial Operating Statements for Hard Money Loan
Posted on 1/25/2005
Hard money lenders request financial operating statements for the company or companies that are requesting and guaranteeing loans. Here is what you need to provide when asked for a financial operating statement.
You will need two years' of data for the lender. Avatar Financial Group provides a form for your convenience on their website under the heading 'form' in the upper right of the top menu bar. To fill out the form, you will need gross income and a brief but complete list of expenses, generating a bottom line net income.
Providing two years' tax returns can often replace the need for this form, but check with your hard money lender to be sure.
Posted in Miscellaneous
You will need two years' of data for the lender. Avatar Financial Group provides a form for your convenience on their website under the heading 'form' in the upper right of the top menu bar. To fill out the form, you will need gross income and a brief but complete list of expenses, generating a bottom line net income.
Providing two years' tax returns can often replace the need for this form, but check with your hard money lender to be sure.
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