Updated about 9 years ago on . Most recent reply
Credit Union vs Big bank commercial loan question
We are working on a loan for a 5 unit, using a commercial loan from a credit union. The credit union has requested the seller's IRS Schedule E. We're getting some pushback from the realtors, suggesting this request from the credit union is unusual. Wouldn't a big bank also require the Schedule E? If the seller cannot produce a Schedule E will we have some alternative way to verify the numbers for our lender?