Corporate Real Estate Resume - Excel

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Corporate Real Estate Resume - Excel Powered By Docstoc
					                                                    SPECIAL BORROWER REQUESTS
                                                LIST OF POSSIBLE DATA REQUIREMENTS

                                                             REQUEST RECEIVED

           Request from Borrower/Notification of the event
           Conference call with Borrower and all parties
           Verify loan status - Whether the loan is current in all respects, payments, taxes, insurance coverage and
           escrow requirements; No other non-monetary defaults exist; Are any advances outstanding (P&I, Property
           Protection, etc.)
           Review Basic Mortgage Loan Documents to verify specific conditions/requirements regarding special
           requests and approval/consent

           Review File for completeness - Original Environmental, Original Appraisal, Original Title Policy, Original
           Engineers Report, Original Recorded documents - D/T, UCC's, ALRP

                                                    INITIAL RESPONSE TO BORROWER

           Info request letter to Borrower (see information requirements below)
           Assumption application
           Bill Application/Review Fee
           Bill Assumption/Consent Fee
           Collect Legal Fee Deposit


                                                            INFORMATION REQUIRED

                                                FINANCIAL INFORMATION-PARTIES
           Current Financials of Current Borrower
           Signed Financials by Partners/Principals of Borrower
           Signed Financials of Guarantor(s)
           Updated Borrower Information - This would include Credit References, Bank Information, Prior 2 years Tax
           Returns, Copy of Entity Documents, Resume of Past Management ePerience, List of all Real Property
           Owned, Resume, Credit Check, Cash Flow Statement for all Real Estate holdings
           New Borrower information - This would include Name, Address, Tax ID #, Credit References, Bank
           Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
           EPerience, List of all Real Property Owned, Resume, Credit Check, Cash Flow Statement for all Real Estate
           Holdings
           Diagram of proposed ownership structure with percentages of ownership
           Description and source of equity for purchase of property
           Updated Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
           Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
           EPerience, List of all Real Property Owned, Resume, Credit Check
           New Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
           Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
           EPerience, List of all Real Property Owned, Resume, Credit Check
           Updated Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
           References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
           Management EPerience, List of all Real Property Owned, Resume, Credit Check
           New Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
           References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
           Management EPerience, List of all Real Property Owned, Resume, Credit Check

                                                  PROPERTY INFORMATION
           Inspection of the Property
           Current Operating Statements for Property - 2 years
           Current Operating Statements for new Property - 2 years
           Certified Income and ePense statement for new property - 2 years
           Current Rent Roll for property
           Current Rent Roll for new property
           Copies of all new or proposed leases
           Information re proposed tenants/leases
           Tenant Financials for Major Lease(s)
           Proforma Operating Statement on Property for next 3 years
           Proforma Operating Statement on NEW Property for next 3 years
           Brokers Price Opinion of Property Value
           Funding Sources for new or necessary escrow accounts


                                                                  OPINIONS
           Opinion of Counsel - Corporate Action
           REMIC opinion letter - CMBS DEAL SPECIFIC

                                               CONSTRUCTION INFORMATION
           Proposed repairs to property
           Construction Plans and Specifications
           General Contract
           Cost Breakdown of Construction
           Building Permit/Zoning Approvals etc.




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                                                 SPECIAL BORROWER REQUESTS
                                             LIST OF POSSIBLE DATA REQUIREMENTS
           Construction Schedule and Draw Schedule - anticipated occupancy date
           Source of equity funds for out of pocket construction costs
           Guarantee of Completion/Guaranty of Completion Bond
           General Contractors estimate of cost to repair/rebuild
           Insurance Company estimate of Loss
           Copy of recorded mechanics lien
           Information regarding the contract/payment of mechanics lien
           Indemnity Bond for mechanics lien
           Release/discharge of mechanic lien
           Borrower Certification re: No defaults
           Borrower Certification of lien free and completion of construction

                                           INSURANCE, TITLE AND SURVEY INFORMATION
           Amended Survey to evidence - easement, partial release, condemnation, new construction
           ALTA Survey for new property
           Plat Map of Property
           All information relating to title agency/company and contact information
           New title rundown or title update - This is an update to the present policy not a new policy
           Proforma title policy or proforma title endorsement - New Policy or endorsement to old policy
           UCC Lien Search
           Evidence of remaining property being a separate legal parcel
           Tax parcel info for new or remaining property
           Market impact information
           All information relating to property/casualty insurance agency and carrier
           Copy of new insurance coverage

                                    MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
           Information on Third Party Management - synopsis of the management company, no. of properties/type
           managed - company resume
           Escrow Agent information

                                         CONTRACTS, AGREEMENTS AND REPORTS
           Copy of Proposed Management Agreement
           Copy of the 2nd Trust/Mezz commitment letter
           New Engineering Report
           New or Updated Appraisal
           New Environmental Assessement Report
           Information regarding 2nd Trust/Mezz lender
           Copy of Executed Sale Agreement
           Copy of Condemnation Notice
           Condemning Jurisdiction - information
           Partial reconveyance to be signed by Lender/Owner of Loan
           Review & Approval of Easement Agreement including Compensation to be paid to borrower




                                                            APPROVAL

           Letter of recommendation from servicer/mortgage banker/correspondent
           Underwriting/ Write up of Financial Impact of Special Request
           Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC
           No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC
           Approval of Controlling Party - CMBS DEAL SPECIFIC
           Approval of Conduit Lender
           Approval of Whole Loan Lender
           Approval/Conditional letter to Borrower


                                                            CLOSING

           Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
           Collection of Assumption/Consent Fee
           Collection of reimbursement, plus interest if applicable, for all P&I and Property Protection Advances

           Execution of all documents/waivers
           Update of UCC lien search
           Title insurance endorsement/new policy
           Additional requirements of counsel/Lender
           New Insurance Coverage/Endorsement
           Funding of needed escrows
           W-9 form for new borrower
           Tenant Estoppels/Subordinations
           Written Waivers/ Modifications including contractor lien waivers
           L/C draw letter
           Recordation of documents
              Modification Agreement
              Assumption Agreement




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                                                    SPECIAL BORROWER REQUESTS
                                                LIST OF POSSIBLE DATA REQUIREMENTS
             Partial or Full Release
             UCC's
             Plat
             Easement Agreement
             Condemnation Deed
             SNDA
             Memorandum of Lease
             New Mortgage/Deed of Trust
             New Assign of Leases and Rents
             Release of Lien/Judgment
             Intercreditor Agreement
             Extension Agreement

                                                            SERVICING

           Receipt and distribution of Documents
           Updating of Loan Servicing System
           Updating Bank Accounts/Escrow Accounts
           Update Tax Service Contractor
           Hello letter to new parties
           Set up inspection schedule
           Update/endorsements to Insurance Coverage - Flood Certification
           Evidence of Tenant Insurance
           Certificate of Occupancy




                                                            LEGEND

           M = MANDATORY - ALWAYS REQUIRED
           P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC TRANSACTION,
           DOCUMENTS AND HOLDER OF LOAN




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                                             SPECIAL BORROWER REQUESTS                                          ASSUMPTION
                                                PROCESSING CHECKLIST

                                                    REQUEST RECEIVED

   Request from Borrower/Notification of the event                                                                  M
   Conference call with Borrower and all parties                                                                    P
   Verify loan status - Whether the loan is current in all respects, payments, taxes, insurance coverage and
   escrow requirements; No other non-monetary defaults exist; Are any advances outstanding (P&I,
   Property Protection, etc.)                                                                                       M
   Review Basic Mortgage Loan Documents to verify specific conditions/requirements regarding special
   requests and approval/consent
                                                                                                                    M
   Review File for completeness - Original Environmental, Original Appraisal, Original Title Policy, Original
   Engineers Report, Original Recorded documents - D/T, UCC's, ALRP                                                 M


                                            INITIAL RESPONSE TO BORROWER

   Info request letter to Borrower (see information requirements below)                                             M
   Assumption application                                                                                           P
   Bill Application/Review Fee                                                                                      P
   Bill Assumption/Consent Fee                                                                                      P
   Collect Legal Fee Deposit                                                                                        P



                                                 INFORMATION REQUIRED

                                      FINANCIAL INFORMATION-PARTIES
   Current Financials of Current Borrower                                                                           M
   Signed Financials by Partners/Principals of Borrower                                                             P
   Signed Financials of Guarantor(s)                                                                                P
   New Borrower information - This would include Name, Address, Tax ID #, Credit References, Bank
   Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
   EPerience, List of all Real Property Owned, Resume, Credit Check, Cash Flow Statement for all Real
   Estate Holdings                                                                                                  M
   Diagram of proposed ownership structure with percentages of ownership                                            M
   Description and source of equity for purchase of property                                                        M
   New Guarantor information - This would include Name, Address, Tax ID #, Credit References, Bank
   Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past Management
   EPerience, List of all Real Property Owned, Resume, Credit Check                                                 P
   New Key Principals (and Spouses) information - This would include Name, Address, Tax ID #, Credit
   References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents, Resume of Past
   Management EPerience, List of all Real Property Owned, Resume, Credit Check                                      M


                                        PROPERTY INFORMATION
   Inspection of the Property                                                                                       P
   Current Operating Statements for Property - 2 years                                                              M
   Current Rent Roll for property                                                                                   M
   Funding Sources for new or necessary escrow accounts                                                             P


                                                            OPINIONS
   Opinion of Counsel - Corporate Action                                                                            M
   REMIC opinion letter - CMBS DEAL SPECIFIC                                                                        P

                                              CONSTRUCTION INFORMATION
   Proposed repairs to property                                                                                     P


                                INSURANCE, TITLE AND SURVEY INFORMATION
   All information relating to property/casualty insurance agency and carrier                                       M
   Copy of new insurance coverage                                                                                   M

                          MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
   Information on Third Party Management - synopsis of the management company, no. of properties/type
   managed - company resume                                                                                         M
   Escrow Agent information                                                                                         M


                               CONTRACTS, AGREEMENTS AND REPORTS
   Copy of Proposed Management Agreement                                                                            M
   Copy of the 2nd Trust/Mezz commitment letter                                                                     P
   Copy of Executed Sale Agreement                                                                                  M




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                                             SPECIAL BORROWER REQUESTS                    ASSUMPTION
                                                PROCESSING CHECKLIST

                                                            APPROVAL

   Letter of recommendation from servicer/mortgage banker/correspondent                       M
   Underwriting/ Write up of Financial Impact of Special Request                              M
   Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
   No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
   Approval of Controlling Party - CMBS DEAL SPECIFIC                                         M
   Approval of Conduit Lender                                                                 M
   Approval of Whole Loan Lender                                                              M
   Approval/Conditional letter to Borrower                                                    M



                                                            CLOSING

   Collection and Distribution of all proceeds, fees, escrows by Escrow Agent                 M
   Collection of Assumption/Consent Fee                                                       M
   Execution of all documents/waivers                                                         M
   Update of UCC lien search                                                                  M
   Title insurance endorsement/new policy                                                     M
   Additional requirements of counsel/Lender                                                  P
   New Insurance Coverage/Endorsement                                                         M
   Funding of needed escrows                                                                  M
   W-9 form for new borrower                                                                  M
   Tenant Estoppels/Subordinations                                                            P
   Written Waivers/ Modifications including contractor lien waivers                           P
   L/C draw letter                                                                            P
   Recordation of documents                                                                   M
      Assumption Agreement                                                                    M
      UCC's                                                                                   M

                                                            SERVICING

   Receipt and distribution of Documents                                                      M
   Updating of Loan Servicing System                                                          M
   Updating Bank Accounts/Escrow Accounts                                                     M
   Update Tax Service Contractor                                                              M
   Hello letter to new parties                                                                M
   Set up inspection schedule                                                                 P
   Update/endorsements to Insurance Coverage - Flood Certification                            P



                                                            LEGEND

   M = MANDATORY - ALWAYS REQUIRED
   P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC TRANSACTION,
   DOCUMENTS AND HOLDER OF LOAN




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                                                                                                  RESTRUCTURING
                                        SPECIAL BORROWER REQUESTS                                 OWNERSHIP OF
                                           PROCESSING CHECKLIST                                     BORROWER


                                                REQUEST RECEIVED

             Request from Borrower/Notification of the event                                            M
             Conference call with Borrower and all parties                                              P
             Verify loan status - Whether the loan is current in all respects, payments, taxes,
             insurance coverage and escrow requirements; No other non-monetary defaults
             exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                        M
             Review Basic Mortgage Loan Documents to verify specific
             conditions/requirements regarding special requests and approval/consent
                                                                                                        M
             Review File for completeness - Original Environmental, Original Appraisal,
             Original Title Policy, Original Engineers Report, Original Recorded documents -
             D/T, UCC's, ALRP                                                                           M


                                       INITIAL RESPONSE TO BORROWER

             Info request letter to Borrower (see information requirements below)                       M
             Assumption application                                                                     P
             Bill Application/Review Fee                                                                P
             Bill Assumption/Consent Fee                                                                P
             Collect Legal Fee Deposit                                                                  P



                                             INFORMATION REQUIRED

                                    FINANCIAL INFORMATION-PARTIES
             Current Financials of Current Borrower                                                     P
             Signed Financials by Partners/Principals of Borrower                                       P
             Signed Financials of Guarantor(s)                                                          P
             Current Operating Statements for Property - 2 years                                        P
             Current Rent Roll for property                                                             P
             Diagram of proposed ownership structure with percentages of ownership                      M
             New Guarantor information - This would include Name, Address, Tax ID #,
             Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
             entity documents, Resume of Past Management EPerience, List of all Real
             Property Owned, Resume, Credit Check                                                       P
             New Key Principals (and Spouses) information - This would include Name,
             Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
             Returns, Copy of all entity documents, Resume of Past Management EPerience,
             List of all Real Property Owned, Resume, Credit Check
                                                                                                        P


                                             PROPERTY INFORMATION
             Inspection of the Property                                                                 P


                                               OPINIONS
             Opinion of Counsel - Corporate Action                                                      M
             REMIC opinion letter - CMBS DEAL SPECIFIC                                                  P


                                                      APPROVAL

             Letter of recommendation from servicer/mortgage banker/correspondent                       M
             Underwriting/ Write up of Financial Impact of Special Request                              M
             Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
             No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
             Approval of Controlling Party - CMBS DEAL SPECIFIC                                         P
             Approval of Conduit Lender                                                                 M
             Approval of Whole Loan Lender                                                              M
             Approval/Conditional letter to Borrower                                                    M



                                                       CLOSING

             Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                        P
             Collection of Assumption/Consent Fee                                                       M
             Execution of all documents/waivers                                                         M
             Update of UCC lien search                                                                  P
             Title insurance endorsement/new policy                                                     P
             New Insurance Coverage/Endorsement                                                         P
             W-9 form for new borrower                                                                  P
             Written Waivers/ Modifications including contractor lien waivers                           P
             L/C draw letter                                                                            P
             Recordation of documents                                                                   P
                Assumption Agreement                                                                    P




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                                                                    RESTRUCTURING
                                        SPECIAL BORROWER REQUESTS   OWNERSHIP OF
                                           PROCESSING CHECKLIST       BORROWER
                UCC's                                                     P




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                                                                               RESTRUCTURING
                                        SPECIAL BORROWER REQUESTS              OWNERSHIP OF
                                           PROCESSING CHECKLIST                  BORROWER
                                                 SERVICING

             Receipt and distribution of Documents                                   M
             Updating of Loan Servicing System                                       P
             Updating Bank Accounts/Escrow Accounts                                  P
             Update Tax Service Contractor                                           P
             Hello letter to new parties                                             P
             Set up inspection schedule                                              P
             Update/endorsements to Insurance Coverage - Flood Certification         P



                                                      LEGEND

             M = MANDATORY - ALWAYS REQUIRED
             P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
             SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




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                                              SPECIAL BORROWER REQUESTS                                 EASEMENT
                                                 PROCESSING CHECKLIST

                                                      REQUEST RECEIVED

                   Request from Borrower/Notification of the event                                         M
                   Conference call with Borrower and all parties                                           P
                   Verify loan status - Whether the loan is current in all respects, payments, taxes,
                   insurance coverage and escrow requirements; No other non-monetary defaults
                   exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                           M
                   Review Basic Mortgage Loan Documents to verify specific
                   conditions/requirements regarding special requests and approval/consent
                                                                                                           M
                   Review File for completeness - Original Environmental, Original Appraisal,
                   Original Title Policy, Original Engineers Report, Original Recorded documents -
                   D/T, UCC's, ALRP                                                                        M


                                             INITIAL RESPONSE TO BORROWER

                   Info request letter to Borrower (see information requirements below)                    M
                   Bill Application/Review Fee                                                             P
                   Bill Assumption/Consent Fee                                                             P
                   Collect Legal Fee Deposit                                                               P



                                                   INFORMATION REQUIRED

                                                  PROPERTY INFORMATION
                   Inspection of the Property                                                              P


                                               CONSTRUCTION INFORMATION                                    P
                   Zoning Approval

                                  INSURANCE, TITLE AND SURVEY INFORMATION
                   Amended Survey to evidence easement                                                     M
                   Plat Map of Property                                                                    P
                   Market impact information                                                               P



                                  CONTRACTS, AGREEMENTS AND REPORTS
                   Review & Approval of Easement Agreement including Compensation to be paid
                   to borrower                                                                             M



                                                            APPROVAL

                   Letter of recommendation from servicer/mortgage banker/correspondent                    M
                   Underwriting/ Write up of Financial Impact of Special Request                           M
                   Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                M
                   No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             P
                   Approval of Controlling Party - CMBS DEAL SPECIFIC                                      P
                   Approval of Conduit Lender                                                              M
                   Approval of Whole Loan Lender                                                           M
                   Approval/Conditional letter to Borrower                                                 M



                                                            CLOSING

                   Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                           P
                   Collection of Assumption/Consent Fee                                                    M
                   Execution of all documents/waivers                                                      M
                   Title insurance endorsement/new policy                                                  M
                   Recordation of documents                                                                M
                      Plat                                                                                 M
                      Easement Agreement                                                                   M

                                                            SERVICING

                   Receipt and distribution of Documents                                                   M
                   Updating of Loan Servicing System                                                       P
                   Update Tax Service Contractor                                                           M
                   Set up inspection schedule                                                              P



                                                            LEGEND

                   M = MANDATORY - ALWAYS REQUIRED




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                                      SPECIAL BORROWER REQUESTS                     EASEMENT
                                         PROCESSING CHECKLIST
                   P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                   SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




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                                         SPECIAL BORROWER REQUESTS                                   SECONDARY/MEZZ
                                            PROCESSING CHECKLIST                                        FINANCING


                                                 REQUEST RECEIVED

         Request from Borrower/Notification of the event                                                   M
         Conference call with Borrower and all parties                                                     P
         Verify loan status - Whether the loan is current in all respects, payments, taxes,
         insurance coverage and escrow requirements; No other non-monetary defaults exist;
         Are any advances outstanding (P&I, Property Protection, etc.)                                     M
         Review Basic Mortgage Loan Documents to verify specific conditions/requirements
         regarding special requests and approval/consent
                                                                                                           M
         Review File for completeness - Original Environmental, Original Appraisal, Original Title
         Policy, Original Engineers Report, Original Recorded documents - D/T, UCC's, ALRP
                                                                                                           M


                                        INITIAL RESPONSE TO BORROWER

         Info request letter to Borrower (see information requirements below)                              M
         Bill Application/Review Fee                                                                       P*
         Bill Assumption/Consent Fee                                                                       P*
         Collect Legal Fee Deposit                                                                         P*



                                              INFORMATION REQUIRED

                                    FINANCIAL INFORMATION-PARTIES
         Current Financials of Current Borrower                                                            P*
         Signed Financials by Partners/Principals of Borrower                                              P*
         Signed Financials of Guarantor(s)                                                                 P*
         Updated Borrower Information - This would include Credit References, Bank
         Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of Past
         Management ePerience, List of all Real Property Owned, Resume, Credit Check, Cash
         Flow Statement for all Real Estate holdings                                                       P*
         Updated Guarantor information - This would include Name, Address, Tax ID #, Credit
         References, Bank Information, Prior 2 years Tax Returns, Copy of all entity documents,
         Resume of Past Management EPerience, List of all Real Property Owned, Resume,
         Credit Check                                                                                      P*
         Updated Key Principals (and Spouses) information - This would include Name, Address,
         Tax ID #, Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
         entity documents, Resume of Past Management EPerience, List of all Real Property
         Owned, Resume, Credit Check                                                                       P*


                                        PROPERTY INFORMATION
         Inspection of the Property                                                                        M
         Current Operating Statements for Property - 2 years                                               M
         Current Rent Roll for property                                                                    M
         Copies of all new or proposed leases                                                              P
         Tenant Financials for Major Lease(s)                                                              P
         Proforma Operating Statement on Property for next 3 years                                         M
         Funding Sources for new or necessary escrow accounts                                              M


                                                       OPINIONS
         Opinion of Counsel - Corporate Action                                                             P

                             CONTRACTS, AGREEMENTS AND REPORTS
         Copy of the 2nd Trust/Mezz commitment letter                                                      M
         New or Updated Appraisal                                                                          M



                                                       APPROVAL

         Letter of recommendation from servicer/mortgage banker/correspondent                              M
         Underwriting/ Write up of Financial Impact of Special Request                                     M
         Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                          M
         No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                       M
         Approval of Controlling Party - CMBS DEAL SPECIFIC                                                M
         Approval of Conduit Lender                                                                        M
         Approval of Whole Loan Lender                                                                     M
         Approval/Conditional letter to Borrower                                                           M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                             11
                                         SPECIAL BORROWER REQUESTS                    SECONDARY/MEZZ
                                            PROCESSING CHECKLIST                         FINANCING


                                                        CLOSING

         Collection and Distribution of all proceeds, fees, escrows by Escrow Agent         M
         Collection of Assumption/Consent Fee                                               M
         Execution of all documents/waivers                                                 M
         UCC lien search                                                                    M
         Title insurance endorsement/new policy                                             M
         Additional requirements of counsel/Lender                                          P
         New Insurance Coverage/Endorsement                                                 M
         Funding of needed escrows                                                          P
         Tenant Estoppels/Subordinations                                                    P
         Recordation of documents                                                           M
            UCC's                                                                           M
            New Mortgage/Deed of Trust                                                      M
            New Assign of Leases and Rents                                                  M

                                                       SERVICING

         Receipt and distribution of Documents                                              M
         Updating of Loan Servicing System                                                  M
         Updating Bank Accounts/Escrow Accounts                                             P
         Update Tax Service Contractor                                                      P
         Set up inspection schedule                                                         P
         Update/endorsements to Insurance Coverage - Flood Certification                    M



                                                       LEGEND

         M = MANDATORY - ALWAYS REQUIRED
         P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE SPECIFIC
         TRANSACTION, DOCUMENTS AND HOLDER OF LOAN
         * = IN MOST INSTANCES THESE ITEMS WOULD BE REQUIRED HOWEVER, P'S ARE
         NOTED TO COVER INSTANCES THAT ARE PRE-APPROVED IN THE LOAN
         DOCUMENTS




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                                               SPECIAL BORROWER REQUESTS                                 PARTIAL
                                                  PROCESSING CHECKLIST                                   RELEASE


                                                       REQUEST RECEIVED

                    Request from Borrower/Notification of the event                                        M
                    Conference call with Borrower and all parties                                           P
                    Verify loan status - Whether the loan is current in all respects, payments, taxes,
                    insurance coverage and escrow requirements; No other non-monetary defaults
                    exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                           M
                    Review Basic Mortgage Loan Documents to verify specific
                    conditions/requirements regarding special requests and approval/consent
                                                                                                           M
                    Review File for completeness - Original Environmental, Original Appraisal,
                    Original Title Policy, Original Engineers Report, Original Recorded documents -
                    D/T, UCC's, ALRP                                                                       M


                                              INITIAL RESPONSE TO BORROWER

                    Info request letter to Borrower (see information requirements below)                   M
                    Bill Application/Review Fee                                                             P
                    Bill Assumption/Consent Fee                                                             P
                    Collect Legal Fee Deposit                                                               P



                                                    INFORMATION REQUIRED

                                               PROPERTY INFORMATION
                    Inspection of the Property                                                              P
                    Current Operating Statements for Property - 2 years                                    M
                    Current Rent Roll for property                                                         M
                    Brokers Price Opinion of Property Value                                                 P


                                                      OPINIONS
                    Opinion of Counsel - Corporate Action                                                   P
                    REMIC opinion letter - CMBS DEAL SPECIFIC                                               P


                                    INSURANCE, TITLE AND SURVEY INFORMATION
                    Amended Survey to evidence partial release                                             M
                    Evidence of remaining property being a separate legal parcel                           M
                    Tax parcel info for new or remaining property                                          M
                    Market impact information                                                               P



                                                            APPROVAL

                    Letter of recommendation from servicer/mortgage banker/correspondent                   M
                    Underwriting/ Write up of Financial Impact of Special Request                          M
                    Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC               M
                    No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             P
                    Approval of Controlling Party - CMBS DEAL SPECIFIC                                     M
                    Approval of Conduit Lender                                                             M
                    Approval of Whole Loan Lender                                                          M
                    Approval/Conditional letter to Borrower                                                M



                                                            CLOSING

                    Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                           M
                    Collection of Assumption/Consent Fee                                                   M
                    Execution of all documents/waivers                                                     M
                    UCC lien search                                                                        M
                    Title insurance endorsement/new policy                                                 M
                    New Insurance Coverage/Endorsement                                                     M
                    Recordation of Documents                                                               M
                       Partial or Full Release                                                             M
                       Plat                                                                                 P




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                          13
                                               SPECIAL BORROWER REQUESTS             PARTIAL
                                                  PROCESSING CHECKLIST               RELEASE


                                                            SERVICING

                    Receipt and distribution of Documents                              M
                    Updating of Loan Servicing System                                   P
                    Updating Bank Accounts/Escrow Accounts                              P
                    Update Tax Service Contractor                                      M
                    Set up inspection schedule                                          P



                                                            LEGEND

                    M = MANDATORY - ALWAYS REQUIRED
                    P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                    SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                      14
                                           SPECIAL BORROWER REQUESTS                                 CONDEMNATION
                                              PROCESSING CHECKLIST

                                                  REQUEST RECEIVED

                Request from Borrower/Notification of the event                                           M
                Conference call with Borrower and all parties                                             P
                Verify loan status - Whether the loan is current in all respects, payments, taxes,
                insurance coverage and escrow requirements; No other non-monetary defaults
                exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                Review Basic Mortgage Loan Documents to verify specific
                conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                Review File for completeness - Original Environmental, Original Appraisal,
                Original Title Policy, Original Engineers Report, Original Recorded documents -
                D/T, UCC's, ALRP                                                                          M


                                          INITIAL RESPONSE TO BORROWER

                Info request letter to Borrower (see information requirements below)                      M
                Bill Application/Review Fee                                                               P
                Bill Assumption/Consent Fee                                                               P
                Collect Legal Fee Deposit                                                                 P



                                               INFORMATION REQUIRED

                                           PROPERTY INFORMATION
                Inspection of the Property                                                                P
                Current Operating Statements for Property - 2 years                                       M
                Current Rent Roll for property                                                            M
                Brokers Price Opinion of Property Value                                                   P

                                INSURANCE, TITLE AND SURVEY INFORMATION
                Amended Survey to evidence condemnation                                                   M
                Plat Map of Property                                                                      M
                Evidence of remaining property being a separate legal parcel                              M
                Tax parcel info for new or remaining property                                             M
                Market impact information                                                                 P

                                 CONTRACTS, AGREEMENTS AND REPORTS
                New or Updated Appraisal                                                                  P
                Copy of Executed Sale Agreement OR Copy of Condemnation Notice                            M
                Condemning Jurisdiction - information                                                     M
                Partial reconveyance to be signed by Lender/Owner of Loan                                 M



                                                        APPROVAL

                Letter of recommendation from servicer/mortgage banker/correspondent                      M
                Underwriting/ Write up of Financial Impact of Special Request                             M
                Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
                Approval of Conduit Lender                                                                M
                Approval of Whole Loan Lender                                                             M
                Approval/Conditional letter to Borrower                                                   M



                                                            CLOSING

                Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
                Collection of Assumption/Consent Fee                                                      M
                Execution of all documents/waivers                                                        M
                Title insurance endorsement/new policy                                                    M
                New Insurance Coverage/Endorsement                                                        M
                Recordation of documents                                                                  M
                   Condemnation Deed                                                                      M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                           15
                                           SPECIAL BORROWER REQUESTS             CONDEMNATION
                                              PROCESSING CHECKLIST
                                                    SERVICING

                Receipt and distribution of Documents                                 M
                Updating of Loan Servicing System                                     P
                Updating Bank Accounts/Escrow Accounts                                P
                Update Tax Service Contractor                                         M
                Set up inspection schedule                                            P



                                                            LEGEND

                M = MANDATORY - ALWAYS REQUIRED
                P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                       16
                                           SPECIAL BORROWER REQUESTS                                 MECHANIC LIEN
                                              PROCESSING CHECKLIST                                     DISPUTE


                                                   REQUEST RECEIVED

                Request from Borrower/Notification of the event                                           M
                Conference call with Borrower and all parties                                             P
                Verify loan status - Whether the loan is current in all respects, payments, taxes,
                insurance coverage and escrow requirements; No other non-monetary defaults
                exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
                Review Basic Mortgage Loan Documents to verify specific
                conditions/requirements regarding special requests and approval/consent
                                                                                                          M
                Review File for completeness - Original Environmental, Original Appraisal,
                Original Title Policy, Original Engineers Report, Original Recorded documents -
                D/T, UCC's, ALRP                                                                          M


                                          INITIAL RESPONSE TO BORROWER

                Info request letter to Borrower (see information requirements below)                      M
                Bill Application/Review Fee                                                               P
                Bill Assumption/Consent Fee                                                               P
                Collect Legal Fee Deposit                                                                 P

                                                INFORMATION REQUIRED

                                           PROPERTY INFORMATION
                Inspection of the Property                                                                P
                Current Operating Statements for Property - 2 years                                       M
                Current Rent Roll for property                                                            M
                Funding Sources for new or necessary escrow accounts                                      P

                                        CONSTRUCTION INFORMATION
                Construction Plans and Specifications                                                     P
                General Contract                                                                          P
                Cost Breakdown of Construction                                                            P
                Building Permit/Zoning Approvals etc.                                                     P
                Construction Schedule and Draw Schedule - anticipated occupancy date                      P
                Source of equity funds for out of pocket construction costs                               P
                Guarantee of Completion/Guaranty of Completion Bond                                       P
                Copy of recorded mechanics lien                                                           M
                Information regarding the contract/payment of mechanics lien                              M
                Indemnity Bond for mechanics lien                                                         P
                Borrower Certification of lien free and completion of construction                        M


                                INSURANCE, TITLE AND SURVEY INFORMATION
                All information relating to title agency/company and contact information                  M
                UCC Lien Search                                                                           M

                                                            APPROVAL

                Letter of recommendation from servicer/mortgage banker/correspondent                      M
                Underwriting/ Write up of Financial Impact of Special Request                             M
                Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
                Approval of Conduit Lender                                                                M
                Approval of Whole Loan Lender                                                             M
                Approval/Conditional letter to Borrower                                                   M

                                                            CLOSING

                Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
                Collection of Assumption/Consent Fee                                                      M
                Execution of all documents/waivers                                                        M
                Update of UCC lien search                                                                 M
                Title insurance endorsement/new policy                                                    M
                Recordation of documents                                                                  M
                   Release of Lien/Judgment                                                               M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                            17
                                           SPECIAL BORROWER REQUESTS             MECHANIC LIEN
                                              PROCESSING CHECKLIST                 DISPUTE
                                                    SERVICING

                Receipt and distribution of Documents                                 M
                Updating of Loan Servicing System                                     P
                Updating Bank Accounts/Escrow Accounts                                P
                Set up inspection schedule                                            P



                                                            LEGEND

                M = MANDATORY - ALWAYS REQUIRED
                P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                        18
                                                                                                        EXTENSION
                                              SPECIAL BORROWER REQUESTS                                    OF
                                                 PROCESSING CHECKLIST                                   MATURITY


                                                      REQUEST RECEIVED

                   Request from Borrower/Notification of the event                                         M
                   Conference call with Borrower and all parties                                           P
                   Verify loan status - Whether the loan is current in all respects, payments, taxes,
                   insurance coverage and escrow requirements; No other non-monetary defaults
                   exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                           M
                   Review Basic Mortgage Loan Documents to verify specific
                   conditions/requirements regarding special requests and approval/consent
                                                                                                           M
                   Review File for completeness - Original Environmental, Original Appraisal,
                   Original Title Policy, Original Engineers Report, Original Recorded documents -
                   D/T, UCC's, ALRP                                                                        M


                                             INITIAL RESPONSE TO BORROWER

                   Info request letter to Borrower (see information requirements below)                    M
                   Bill Application/Review Fee                                                             P
                   Bill Assumption/Consent Fee                                                             P
                   Collect Legal Fee Deposit                                                               P



                                                   INFORMATION REQUIRED

                                          FINANCIAL INFORMATION-PARTIES
                   Current Financials of Current Borrower                                                  M
                   Signed Financials by Partners/Principals of Borrower                                    M
                   Signed Financials of Guarantor(s)                                                       M
                   Updated Borrower Information - This would include Credit References, Bank
                   Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
                   Past Management ePerience, List of all Real Property Owned, Resume, Credit
                   Check, Cash Flow Statement for all Real Estate holdings                                 P
                   Updated Guarantor information - This would include Name, Address, Tax ID #,
                   Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
                   entity documents, Resume of Past Management EPerience, List of all Real
                   Property Owned, Resume, Credit Check                                                    P
                   Updated Key Principals (and Spouses) information - This would include Name,
                   Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
                   Returns, Copy of all entity documents, Resume of Past Management EPerience,
                   List of all Real Property Owned, Resume, Credit Check
                                                                                                           P


                                              PROPERTY INFORMATION
                   Inspection of the Property                                                              P
                   Current Operating Statements for Property - 2 years                                     M
                   Current Rent Roll for property                                                          M
                   Proforma Operating Statement on Property for next 3 years                               M
                   Brokers Price Opinion of Property Value                                                 P
                   Funding Sources for new or necessary escrow accounts                                    P


                                                     OPINIONS
                   Opinion of Counsel - Corporate Action                                                   M

                                  CONTRACTS, AGREEMENTS AND REPORTS
                   New or Updated Appraisal                                                                P



                                                            APPROVAL

                   Letter of recommendation from servicer/mortgage banker/correspondent                    M
                   Underwriting/ Write up of Financial Impact of Special Request                           M
                   Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                M
                   No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                             M
                   Approval of Controlling Party - CMBS DEAL SPECIFIC                                      M
                   Approval of Conduit Lender                                                              M
                   Approval of Whole Loan Lender                                                           M
                   Approval/Conditional letter to Borrower                                                 M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                           19
                                                                                                EXTENSION
                                              SPECIAL BORROWER REQUESTS                            OF
                                                 PROCESSING CHECKLIST                           MATURITY


                                                            CLOSING

                   Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                   M
                   Collection of Assumption/Consent Fee                                            M
                   Execution of all documents/waivers                                              M
                   Update of UCC lien search                                                       M
                   Title insurance endorsement/new policy                                          M
                   Funding of needed escrows                                                       P
                   Recordation of documents                                                        M
                      Extension Agreement                                                          M

                                                            SERVICING

                   Receipt and distribution of Documents                                           M
                   Updating of Loan Servicing System                                               M
                   Updating Bank Accounts/Escrow Accounts                                          P
                   Update Tax Service Contractor                                                   M
                   Set up inspection schedule                                                      P



                                                            LEGEND

                   M = MANDATORY - ALWAYS REQUIRED
                   P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                   SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                   20
                                            SPECIAL BORROWER REQUESTS                                 COLLATERAL
                                               PROCESSING CHECKLIST                                   SUBSTITUTION


                                                    REQUEST RECEIVED

                 Request from Borrower/Notification of the event                                           M
                 Conference call with Borrower and all parties                                             P
                 Verify loan status - Whether the loan is current in all respects, payments, taxes,
                 insurance coverage and escrow requirements; No other non-monetary defaults
                 exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                           M
                 Review Basic Mortgage Loan Documents to verify specific
                 conditions/requirements regarding special requests and approval/consent
                                                                                                           M
                 Review File for completeness - Original Environmental, Original Appraisal,
                 Original Title Policy, Original Engineers Report, Original Recorded documents -
                 D/T, UCC's, ALRP                                                                          M


                                           INITIAL RESPONSE TO BORROWER

                 Info request letter to Borrower (see information requirements below)                      M
                 Bill Application/Review Fee                                                               P
                 Bill Assumption/Consent Fee                                                               P
                 Collect Legal Fee Deposit                                                                 P



                                                 INFORMATION REQUIRED

                                       FINANCIAL INFORMATION-PARTIES
                 Current Financials of Current Borrower                                                    M
                 Signed Financials by Partners/Principals of Borrower                                      M


                                            PROPERTY INFORMATION
                 Inspection of the Property                                                                M
                 Current Operating Statements for Property - 2 years                                       M
                 Current Operating Statements for new Property - 2 years                                   M
                 Certified Income and ePense statement for new property - 2 years                          M
                 Current Rent Roll for property                                                            M
                 Current Rent Roll for new property                                                        M
                 Copies of all new or proposed leases                                                      M
                 Tenant Financials for Major Lease(s)                                                      P
                 Proforma Operating Statement on new Property for next 3 years                             M
                 Funding Sources for new or necessary escrow accounts                                      M


                                                   OPINIONS
                 Opinion of Counsel - Corporate Action                                                     M

                                 INSURANCE, TITLE AND SURVEY INFORMATION
                 ALTA Survey for new property                                                              M
                 Plat Map of Property                                                                      M
                 Proforma title policy or proforma title endorsement - New Policy or endorsement
                 to old policy                                                                             M
                 UCC Lien Search                                                                           M
                 Evidence of remaining property being a separate legal parcel                              M
                 Tax parcel info for new or remaining property                                             M

                            MANAGEMENT AGENT/ ESCROW AGENT INFORMATION
                 Information on Third Party Management - synopsis of the management
                 company, no. of properties/type managed - company resume                                  M
                 Escrow Agent information                                                                  P


                                 CONTRACTS, AGREEMENTS AND REPORTS
                 Copy of Proposed Management Agreement                                                     M
                 New Engineering Report                                                                    M
                 New Appraisal                                                                             M
                 New Environmental Assessement Report                                                      M
                 Copy of Sale Agreement (Current and/or new property)                                      P



                                                            APPROVAL

                 Letter of recommendation from servicer/mortgage banker/correspondent                      M
                 Underwriting/ Write up of Financial Impact of Special Request                             M
                 Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                 No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                 Approval of Controlling Party - CMBS DEAL SPECIFIC                                        M
                 Approval of Conduit Lender                                                                M
                 Approval of Whole Loan Lender                                                             M
                 Approval/Conditional letter to Borrower                                                   M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                            21
                                            SPECIAL BORROWER REQUESTS                         COLLATERAL
                                               PROCESSING CHECKLIST                           SUBSTITUTION



                                                            CLOSING

                 Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                   M
                 Collection of Assumption/Consent Fee                                              M
                 Execution of all documents/waivers                                                M
                 Update of UCC lien search                                                         M
                 Title insurance endorsement/new policy                                            M
                 New Insurance Coverage/Endorsement                                                M
                 Funding of needed escrows                                                         M
                 Tenant Estoppels/Subordinations                                                   M
                 L/C draw letter                                                                   P
                 Recordation of documents                                                          M
                    Partial or Full Release                                                        M
                    New Mortgage/Deed of Trust                                                     M
                    New Assign of Leases and Rents                                                 M

                                                            SERVICING

                 Receipt and distribution of Documents                                             M
                 Updating of Loan Servicing System                                                 M
                 Updating Bank Accounts/Escrow Accounts                                            M
                 Update Tax Service Contractor                                                     M
                 Hello letter to new parties                                                       P
                 Set up inspection schedule                                                        P
                 Evidence of Tenant Insurance                                                      M
                 Certificate of Occupancy                                                          M



                                                            LEGEND

                 M = MANDATORY - ALWAYS REQUIRED
                 P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                 SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                    22
                                          SPECIAL BORROWER REQUESTS                                 ADDITIONAL LOAN
                                             PROCESSING CHECKLIST                                      ADVANCE


                                                 REQUEST RECEIVED

               Request from Borrower/Notification of the event                                            M
               Conference call with Borrower and all parties                                              P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                          M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                           M


                                         INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                       M
               Bill Application/Review Fee                                                                P
               Bill Assumption/Consent Fee                                                                P
               Collect Legal Fee Deposit                                                                  P



                                              INFORMATION REQUIRED

                                      FINANCIAL INFORMATION-PARTIES
               Current Financials of Current Borrower                                                     M
               Signed Financials by Partners/Principals of Borrower                                       M
               Signed Financials of Guarantor(s)                                                          M
               Updated Borrower Information - This would include Credit References, Bank
               Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
               Past Management ePerience, List of all Real Property Owned, Resume, Credit
               Check, Cash Flow Statement for all Real Estate holdings                                    M


                                          PROPERTY INFORMATION
               Inspection of the Property                                                                 M
               Current Operating Statements for Property - 2 years                                        M
               Current Rent Roll for property                                                             M
               Proforma Operating Statement on Property for next 3 years                                  M
               Funding Sources for new or necessary escrow accounts                                       M


                                                 OPINIONS
               Opinion of Counsel - Corporate Action                                                      M



                               INSURANCE, TITLE AND SURVEY INFORMATION
               New title rundown or title update - This is an update to the present policy not a
               new policy                                                                                 P
               Proforma title policy or proforma title endorsement - New Policy or endorsement
               to old policy                                                                              M
               UCC Lien Search                                                                            P



                              CONTRACTS, AGREEMENTS AND REPORTS
               New Engineering Report                                                                     P
               New or Updated Appraisal                                                                   M



                                                       APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                       M
               Underwriting/ Write up of Financial Impact of Special Request                              M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
               Approval of Conduit Lender                                                                 M
               Approval of Whole Loan Lender                                                              M
               Approval/Conditional letter to Borrower                                                    M




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                             23
                                          SPECIAL BORROWER REQUESTS                         ADDITIONAL LOAN
                                             PROCESSING CHECKLIST                              ADVANCE


                                                        CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                  M
               Collection of Assumption/Consent Fee                                               M
               Execution of all documents/waivers                                                 M
               Update of UCC lien search                                                          M
               Title insurance endorsement/new policy                                             M
               New Insurance Coverage/Endorsement                                                 P
               Funding of needed escrows                                                          P
               Tenant Estoppels/Subordinations                                                    P
               Recordation of documents                                                           M
                  Modification Agreement                                                          M
                  UCC's                                                                           M

                                                       SERVICING

               Receipt and distribution of Documents                                              M
               Updating of Loan Servicing System                                                  M
               Updating Bank Accounts/Escrow Accounts                                             M
               Set up inspection schedule                                                         P
               Evidence of Tenant Insurance                                                       P
               Certificate of Occupancy                                                           P



                                                        LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                     24
                                                                                                        LOAN
                                          SPECIAL BORROWER REQUESTS                                 RESTRUCTURING-
                                             PROCESSING CHECKLIST                                     WORKOUT


                                                  REQUEST RECEIVED

               Request from Borrower/Notification of the event                                            M
               Conference call with Borrower and all parties                                              P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                          M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                           M


                                         INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                       M
               Bill Application/Review Fee                                                                P
               Bill Assumption/Consent Fee                                                                P
               Collect Legal Fee Deposit                                                                  P



                                               INFORMATION REQUIRED

                                      FINANCIAL INFORMATION-PARTIES
               Current Financials of Current Borrower                                                     M
               Signed Financials by Partners/Principals of Borrower                                       M
               Signed Financials of Guarantor(s)                                                          M
               Updated Borrower Information - This would include Credit References, Bank
               Information, Prior 2 years Tax Returns, Copy of Entity Documents, Resume of
               Past Management ePerience, List of all Real Property Owned, Resume, Credit
               Check, Cash Flow Statement for all Real Estate holdings                                    M
               Updated Guarantor information - This would include Name, Address, Tax ID #,
               Credit References, Bank Information, Prior 2 years Tax Returns, Copy of all
               entity documents, Resume of Past Management EPerience, List of all Real
               Property Owned, Resume, Credit Check                                                       M
               Updated Key Principals (and Spouses) information - This would include Name,
               Address, Tax ID #, Credit References, Bank Information, Prior 2 years Tax
               Returns, Copy of all entity documents, Resume of Past Management EPerience,
               List of all Real Property Owned, Resume, Credit Check
                                                                                                          M


                                          PROPERTY INFORMATION
               Inspection of the Property                                                                 M
               Current Operating Statements for Property - 2 years                                        M
               Current Rent Roll for property                                                             M
               Copies of all new or proposed leases                                                       M
               Tenant Financials for Major Lease(s)                                                       M
               Proforma Operating Statement on Property for next 3 years                                  M
               Brokers Price Opinion of Property Value                                                    M
               Funding Sources for new or necessary escrow accounts                                       P


                                                 OPINIONS
               Opinion of Counsel - Corporate Action                                                      M
               REMIC opinion letter - CMBS DEAL SPECIFIC                                                  M

                               INSURANCE, TITLE AND SURVEY INFORMATION
               New title rundown or title update - This is an update to the present policy not a
               new policy                                                                                 M
               Proforma title policy or proforma title endorsement - New Policy or endorsement
               to old policy                                                                              M
               UCC Lien Search                                                                            M

                              CONTRACTS, AGREEMENTS AND REPORTS
               Copy of Proposed Management Agreement                                                      P
               New Engineering Report                                                                     P
               New or Updated Appraisal or Brokers Opinion of Value                                       M
               New Environmental Assessement Report                                                       P




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                            25
                                                                                                        LOAN
                                          SPECIAL BORROWER REQUESTS                                 RESTRUCTURING-
                                             PROCESSING CHECKLIST                                     WORKOUT


                                                        APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                       M
               Underwriting/ Write up of Financial Impact of Special Request                              M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
               No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                P
               Approval of Controlling Party - CMBS DEAL SPECIFIC                                         M
               Approval of Conduit Lender                                                                 M
               Approval of Whole Loan Lender                                                              M
               Approval/Conditional letter to Borrower                                                    M



                                                            CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
               Collection of Assumption/Consent Fee                                                       P
               Collection of reimbursement, plus interest if applicable, for all P&I and Property
               Protection Advances                                                                        M
               Execution of all documents/waivers                                                         M
               Update of UCC lien search                                                                  M
               Title insurance endorsement/new policy                                                     M
               Funding of needed escrows                                                                  P
               Tenant Estoppels/Subordinations                                                            P
               L/C draw letter                                                                            P
               Recordation of documents                                                                   M
                  Modification Agreement                                                                  M

                                                        SERVICING

               Receipt and distribution of Documents                                                      M
               Updating of Loan Servicing System                                                          M
               Updating Bank Accounts/Escrow Accounts                                                     M
               Update Tax Service Contractor                                                              P
               Hello letter to new parties                                                                P
               Set up inspection schedule                                                                 P



                                                        LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                            26
                                         SPECIAL BORROWER REQUESTS                                   HOLDBACKS
                                            PROCESSING CHECKLIST                                   SPECIAL RESERVES


                                                REQUEST RECEIVED

              Request from Borrower/Notification of the event                                             M
              Conference call with Borrower and all parties                                               P
              Verify loan status - Whether the loan is current in all respects, payments, taxes,
              insurance coverage and escrow requirements; No other non-monetary defaults
              exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
              Review Basic Mortgage Loan Documents to verify specific
              conditions/requirements regarding special requests and approval/consent
                                                                                                          M
              Review File for completeness - Original Environmental, Original Appraisal,
              Original Title Policy, Original Engineers Report, Original Recorded documents -
              D/T, UCC's, ALRP                                                                            M


                                        INITIAL RESPONSE TO BORROWER

              Info request letter to Borrower (see information requirements below)                        M
              Bill Application/Review Fee                                                                 P



                                              INFORMATION REQUIRED

                                         PROPERTY INFORMATION
              Inspection of the Property                                                                  M
              Current Operating Statements for Property - 2 years                                         P
              Current Rent Roll for property                                                              P
              Copies of all new or proposed leases                                                        P

                                      CONSTRUCTION INFORMATION
              Construction Plans and Specifications                                                       P
              General Contract                                                                            P
              Cost Breakdown of Construction                                                              P
              Building Permit/Zoning Approvals etc.                                                       P
              Construction Schedule and Draw Schedule - anticipated occupancy date                        P
              Borrower Certification re: No defaults                                                      P
              Borrower Certification of lien free and completion of construction                          M



                                                      APPROVAL

              Letter of recommendation from servicer/mortgage banker/correspondent                        M
              Underwriting/ Write up of Financial Impact of Special Request                               M
              Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                    M
              No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                                 P
              Approval of Controlling Party - CMBS DEAL SPECIFIC                                          P
              Approval of Conduit Lender                                                                  M
              Approval of Whole Loan Lender                                                               M
              Approval/Conditional letter to Borrower                                                     M



                                                        CLOSING

              Execution of all documents/waivers                                                          M
              UCC lien search                                                                             M
              Title insurance endorsement/new policy                                                      M
              Funding of needed escrows                                                                   P
              Tenant Estoppels/Subordinations                                                             P
              L/C draw letter                                                                             P

                                                      SERVICING

              Receipt and distribution of Documents                                                       M
              Updating of Loan Servicing System                                                           M
              Updating Bank Accounts/Escrow Accounts                                                      M




                                                       LEGEND

              M = MANDATORY - ALWAYS REQUIRED
              P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
              SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                             27
                                            SPECIAL BORROWER REQUESTS                                 LEASE REVIEW
                                               PROCESSING CHECKLIST

                                                    REQUEST RECEIVED

                 Request from Borrower/Notification of the event                                           M
                 Conference call with Borrower and all parties                                             P
                 Verify loan status - Whether the loan is current in all respects, payments, taxes,
                 insurance coverage and escrow requirements; No other non-monetary defaults
                 exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                           M
                 Review Basic Mortgage Loan Documents to verify specific
                 conditions/requirements regarding special requests and approval/consent
                                                                                                           M
                 Review File for completeness - Original Environmental, Original Appraisal,
                 Original Title Policy, Original Engineers Report, Original Recorded documents -
                 D/T, UCC's, ALRP                                                                          M


                                           INITIAL RESPONSE TO BORROWER

                 Info request letter to Borrower (see information requirements below)                      M
                 Bill Application/Review Fee                                                               P
                 Collect Legal Fee Deposit                                                                 P



                                                 INFORMATION REQUIRED


                                            PROPERTY INFORMATION
                 Inspection of the Property                                                                P
                 Current Rent Roll for property                                                            M
                 Copies of all new or proposed leases                                                      M
                 Information re proposed tenancy/leases                                                    P
                 Tenant Financials for Major Lease(s)                                                      M
                 Proforma Operating Statement on Property for next 3 years                                 P



                                         CONSTRUCTION INFORMATION
                 Cost Breakdown of Construction                                                            P
                 Construction Schedule and Draw Schedule - anticipated occupancy date                      P
                 Source of equity funds for out of pocket construction costs                               P
                 Borrower Certification of lien free and completion of construction                        M



                                                            APPROVAL

                 Letter of recommendation from servicer/mortgage banker/correspondent                      M
                 Underwriting/ Write up of Financial Impact of Special Request                             M
                 Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                  M
                 No downgrade letter from Rating Agency - CMBS DEAL SPECIFIC                               P
                 Approval of Controlling Party - CMBS DEAL SPECIFIC                                        P
                 Approval of Conduit Lender                                                                M
                 Approval of Whole Loan Lender                                                             M
                 Approval/Conditional letter to Borrower                                                   M



                                                            CLOSING

                 Collection of Assumption/Consent Fee                                                      P
                 Execution of all documents/waivers                                                        M
                 New Insurance Coverage/Endorsement                                                        P
                 Funding of needed escrows                                                                 P
                 Tenant Estoppels/Subordinations                                                           P
                 Written Waivers/ Modifications including contractor lien waivers                          M
                 Recordation of documents                                                                  M
                   SNDA                                                                                    M
                   Memorandum of Lease                                                                     P
                   New Assign of Leases and Rents                                                          P




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                                            SPECIAL BORROWER REQUESTS             LEASE REVIEW
                                               PROCESSING CHECKLIST
                                                     SERVICING

                 Receipt and distribution of Documents                                 M
                 Updating of Loan Servicing System                                     M
                 Updating Bank Accounts/Escrow Accounts                                P
                 Evidence of Tenant Insurance                                          M
                 Certificate of Occupancy                                              M



                                                            LEGEND

                 M = MANDATORY - ALWAYS REQUIRED
                 P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
                 SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




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                                          SPECIAL BORROWER REQUESTS                                 INSURANCE LOSS
                                             PROCESSING CHECKLIST

                                                  REQUEST RECEIVED

               Request from Borrower/Notification of the event                                            M
               Conference call with Borrower and all parties                                              P
               Verify loan status - Whether the loan is current in all respects, payments, taxes,
               insurance coverage and escrow requirements; No other non-monetary defaults
               exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                          M
               Review Basic Mortgage Loan Documents to verify specific
               conditions/requirements regarding special requests and approval/consent
                                                                                                          M
               Review File for completeness - Original Environmental, Original Appraisal,
               Original Title Policy, Original Engineers Report, Original Recorded documents -
               D/T, UCC's, ALRP                                                                           M


                                         INITIAL RESPONSE TO BORROWER

               Info request letter to Borrower (see information requirements below)                       M



                                               INFORMATION REQUIRED

                                               PROPERTY INFORMATION
               Inspection of the Property                                                                 M

                                       CONSTRUCTION INFORMATION
               Proposed repairs to property                                                               M
               Construction Plans and Specifications                                                      P
               General Contract                                                                           P
               Cost Breakdown of Construction                                                             P
               Building Permit/Zoning Approvals etc.                                                      P
               Construction Schedule and Draw Schedule - anticipated occupancy date                       P
               Source of equity funds for out of pocket construction costs                                P
               Guarantee of Completion/Guaranty of Completion Bond                                        P
               General Contractors estimate of cost to repair/rebuild                                     M
               Insurance Company estimate of Loss                                                         M
               Copy of recorded mechanics lien                                                            M
               Information regarding the contract/payment of mechanics lien                               M
               Borrower Certification of lien free and completion of construction                         M


                               INSURANCE, TITLE AND SURVEY INFORMATION
               All information relating to property/casualty insurance agency and carrier                 M

                              CONTRACTS, AGREEMENTS AND REPORTS
               New Engineering Report                                                                     P
               New Environmental Assessement Report                                                       P



                                                        APPROVAL

               Letter of recommendation from servicer/mortgage banker/correspondent                       M
               Underwriting/ Write up of Financial Impact of Special Request                              M
               Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                   M
               Approval of Conduit Lender                                                                 M
               Approval of Whole Loan Lender                                                              M
               Approval/Conditional letter to Borrower                                                    M

                                                            CLOSING

               Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                          M
               Execution of all documents/waivers                                                         M
               Update of UCC lien search                                                                  M
               Title insurance endorsement/new policy                                                     P
               New Insurance Coverage/Endorsement                                                         M
               Written Waivers/ Modifications including contractor lien waivers                           P




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                                          SPECIAL BORROWER REQUESTS             INSURANCE LOSS
                                             PROCESSING CHECKLIST
                                                   SERVICING

               Receipt and distribution of Documents                                  M
               Updating of Loan Servicing System                                      M
               Updating Bank Accounts/Escrow Accounts                                 M
               Set up inspection schedule                                             M




                                                            LEGEND

               M = MANDATORY - ALWAYS REQUIRED
               P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
               SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                        31
                                     SPECIAL BORROWER REQUESTS                                   LETTER OF CREDIT
                                        PROCESSING CHECKLIST                                   RELEASE OR DRAW DOWN


                                             REQUEST RECEIVED

          Request from Borrower/Notification of the event                                               M
          Conference call with Borrower and all parties                                                 P
          Verify loan status - Whether the loan is current in all respects, payments, taxes,
          insurance coverage and escrow requirements; No other non-monetary defaults
          exist; Are any advances outstanding (P&I, Property Protection, etc.)
                                                                                                        M
          Review Basic Mortgage Loan Documents to verify specific
          conditions/requirements regarding special requests and approval/consent
                                                                                                        M
          Review File for completeness - Original Environmental, Original Appraisal,
          Original Title Policy, Original Engineers Report, Original Recorded documents -
          D/T, UCC's, ALRP                                                                              M


                                    INITIAL RESPONSE TO BORROWER

          Info request letter to Borrower (see information requirements below)                          M
          Bill Application/Review Fee                                                                   P
          Collect Legal Fee Deposit                                                                     P



                                          INFORMATION REQUIRED

                                     PROPERTY INFORMATION
          Inspection of the Property                                                                    P
          Current Operating Statements for Property - 2 years                                           M
          Current Rent Roll for property                                                                M
          Copies of all new or proposed leases                                                          P
          Information re proposed tenancy/leases                                                        P
          Proforma Operating Statement on Property for next 3 years                                     M




                                                   APPROVAL

          Letter of recommendation from servicer/mortgage banker/correspondent                          M
          Underwriting/ Write up of Financial Impact of Special Request                                 M
          Approval of Servicer/Special Servicer/Master Servicer-CMBS DEAL SPECIFIC                      M
          Approval of Conduit Lender                                                                    M
          Approval of Whole Loan Lender                                                                 M
          Approval/Conditional letter to Borrower                                                       M



                                                    CLOSING

          Collection and Distribution of all proceeds, fees, escrows by Escrow Agent
                                                                                                        P
          L/C draw letter                                                                               M

                                                   SERVICING

          Updating of Loan Servicing System                                                             M
          Updating Bank Accounts/Escrow Accounts                                                        P
          Set up inspection schedule                                                                    P



                                                    LEGEND

          M = MANDATORY - ALWAYS REQUIRED
          P = POSSIBLY REQUIRED FOR THIS SPECIAL REQUEST- SUBJECT TO THE
          SPECIFIC TRANSACTION, DOCUMENTS AND HOLDER OF LOAN




8/17/201111:45 AM5079f2a1-412f-4cc2-8ac5-b0658d1af8ff.xls                                                             32

				
DOCUMENT INFO
Description: Corporate Real Estate Resume document sample