https://www.firstnational.ca/commercial/commercial-servicing/financial-requirements - Mortgage Servicing

• The specific required documents include:

  1. Financial Statements from the Borrower and the Guarantor(s):
     • Balance Sheet and supporting schedules
     • Detailed statement of Income and Expenditures
     • Statement of Change in Cash Flow
  2. Net Worth Statements in the case of an individual Borrower or Guarantor
  3. Operating Statements relating to the property, including:
     • Detailed statement of Income
     • Expenditures and supporting schedules
  4. Current Rent Roll for the property

  In addition to the statements above:

  • Confirmation that there has been no change of control, amalgamation, merger, reorganization or change of name
  • Confirmation that no further encumbrances have been registered against the property

https://www.cmls.ca/what-we-do/cmls-residential/overview

• To learn more about project viability, contact CMLS Financial affiliate mortgage broker to discuss the best mortgage solution for your needs.

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