Forms & Information

Loan Submission Process   Download Forms

Each loan submission is assigned to an analyst who will review the submitted information generally within 24-48 hours. The analyst will then contact you to discuss the requested loan pricing and structure. Once the structure and pricing are identified RECC will issue a Conditional Approval. A complete loan submission generally includes:

  1. Completed Loan Submission - Executive summary, RECC form, your form, or 1003 plus supporting docs is acceptable.
  2. Property Rent Roll (your form or the RECC form).
  3. Property Financials (your form or the RECC form) - at least one full year plus normalized Pro-forma.
  4. Borrower Personal Financial Statement or 1003 illustrating assets, liabilities, net worth and Schedule of Real Estate Owned.
  5. Color photos (if available).

** For Owner-User or Owner-Occupied loans please include two years Federal Tax Returns.

** For Hotel loans please include a recent Smith Travel STR Report.

Upon your acceptance of the Loan Term Sheet, please submit the third party deposit payable to “REAL ESTATE CAPITAL COMPANY”. RECC orders the appraisal, property inspection report and initiates title. Our underwriting team will work with you to assemble the balance of the credit file. Upon our receipt of the third party reports and the complete credit file, RECC will issue final approval, draw doc's and fund.

 

RECC Process
 

RECC Lines of Business

Standard Multifamily

Small Balance Multifamily

Fannie Mae DUS / HUD

Office / Retail / Industrial

Small Balance Commercial