What you’ll need | Miller Bates

Send this with your first request

This is enough for our underwriting team to tell you quickly whether we can proceed. The Get Funded form asks for all of it in order.

Name of the borrower and the guarantor
Loan amount
Duration needed
Collateral property address and parcel number
Use of funds
Planned exit strategy
Recent appraisal, BPO or BOV, if you have one
Plat, engineering or geotechnical survey, if available
Utilities status — power, sewer, water, gas
Rough timeline for entitlement and/or development, if applicable

Required once the deal moves forward

After a preliminary evaluation and a signed term sheet, these are what we need to complete underwriting.

The borrowing entity’s tax ID number and legal documents — operating agreement and certificate of organization
Current title report
Property acquisition details — date, purchase price, method of funding
Evidence of municipal approvals and entitlements
Estimate of remaining infrastructure costs, if applicable
Phase I environmental site assessment, if applicable or required
Marketing or absorption assumptions, for development or lot sales
CC&Rs and deed restrictions, if applicable
Water — shares, certificates, or a will-serve letter from the municipality
Payoff quote for any existing liens or encumbrances
Personal financial statements for the guarantor(s)
Clarification of offsite versus onsite improvement responsibility
Any known political or entitlement risks — informal is fine
Additional information or documentation, as requested

The one thing that delays closings most

Out-of-date or inaccurate entity documents. More closings slip on this than on anything else. If your operating agreement, certificate of organization or registered-agent details need updating, start that now rather than at closing — it is the cheapest week you will ever save.

Get Funded How funding works