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» Building a Hard Money Loan Package - Personal Fina
The second piece of a hard money commercial loan request package are the financials. Breaking them out into segments will help you gather all your docs without getting overwhelmed.
A Personal Financial Statement, often called a 1003, a personal financial statement is nothing more than a list of everything you own, from cash, stocks and bonds, to real estate, antiques, art, investment motor cars and more. On the other sde of the sheet is a list of everything you owe, from mortgages to credit card debts, leases, and loans. The difference between the two is your net worth.
Pretty straightforward stuff, once you know what is involved. Within reason, a Personal Financial Statement can be completed in well under and hour - sometimes in just a few minutes. You can get a copy of a Personal Financial Statement my emailing gillian@avatarfinancial.com
