Type of investment property*
Expansion, addition or change of use*
The borrower understands that they must provide bank statements to verify the source of funds for the down payment (purchase), and liquid reserves to cover 3 to 8 months of payments*
The appraisal will conducted by an independent Appraisal Management Company (AMC) and performed by a licensed third-party appraiser. The report will cover both "As Is" and "As Completed" value.*
The borrower shall be responsible for the costs of the appraisal, feasibility study (budget analysis), and environmental report, if required due to any concerns