Private Money Loan Document Checklist

Borrower and entity documents

Start with the people and entities behind the request. Lenders need to know who is borrowing, who controls the entity, and how the borrower intends to execute the business plan.

• Borrower contact information and authorization.
• Government ID for principals, where required by the lender.
• Borrowing entity name and ownership information.
• Articles of organization, operating agreement, or equivalent entity documents.
• Borrower experience summary for similar projects or rental properties.

Property documents

• Property address and property type.
• Purchase contract or current ownership documentation.
• Photos, listing details, inspection reports, or appraisal if available.
• Current rent roll, leases, or occupancy details for rental properties.
• Insurance information when requested by the lender.

Loan request details

• Requested loan amount.
• Purchase price, payoff amount, or current value estimate.
• Estimated after-repair value or stabilized value, if applicable.
• Requested term, target closing date, and intended loan purpose.
• Borrower liquidity, source of down payment, and reserves if requested.

Project, rental, or exit strategy documents

Closing and lender-specific documents

Every lender may have its own package requirements. Brokers should track lender-specific templates and avoid recollecting the same information when switching lenders.

• Title contact and preliminary title documents.
• Insurance binder or proof of coverage.
• Wire instructions handled through secure closing channels.
• Lender-specific forms, authorizations, and document templates.