Loan Approval: Sweat Equity Report

[Josh Sartori]

Good Morning BP Community,

I'm currently working on getting approval from my lender to purchase my second property in Chicago (Logan Square) and will be doing so using a loan with 25% down, 10% percent being cash and the remaining being sweat equity. My lender is requesting a report stating what I plan to do to the building, so I sent over a standard contractor's agreement. They didn't like that because it doesn't decipher between materials and sweat equity.  So I'm reaching out to see if anyone has an example of a professional report stating their sweat equity?

Thank you in advance! 

[John Rogers]

Do a Google search for a "scope of work template".

Breaking it down by task might be what they need.