Florida Home Buyers & Sellers Guide International Real Estate Buyers Guide | Page 27

Secured Loan from related company or individual
Applicant declaration about the circumstances around the loan (time, bank, value of collateral,
time of fund receipt, purpose of loan).
Lender's background and its relationship with applicant.
Certificate of ownership of the collateral.
Value appraisal report of the collateral.
Qualification of the evaluating institute.
Documents related to the initial acquisition of the assets and the source of money used to
acquire it. (If the asset was acquired more than seven years before, the investor needs only to
provide declarations).
Loan agreement
Promissory note evidencing the receipt of the funds
Applicant bank account showing receipt of the funds
Documentary proof or declaration that applicant could use lawful money to repay the loan.
If the lender is an individual, provide the tax returns of the individual and the tax payment record
of his company, or explain his source of income.
If the lender is a company, provide the financial reports of the company, showing the net assets
and retained profit of the company.
If the lender is a company, provide the board resolution approving the loan.
OR
Loan from related individual or company without collateral (applicant must have large lawful assets
and have a close relationship with the lender)
Applicant declaration about the circumstances around the loan (time, bank, value of collateral,
time of fund receipt, purpose of loan).
Lender's background and its relationship with applicant
Loan agreement (if no written agreement, provide declaration from both parties about the terms
of the loan)
Declaration from both parties stating the loan is not secured.
Promissory note evidencing the receipt of the funds
Applicant bank account showing receipt of the funds
Lender's bank account showing disbursing of the funds
Establishing applicant's lawful assets are large enough to repay the debt (providing bank savings
record, investment and other ownership of real estates.)
If the lender is an individual, provide the tax returns of the individual and the tax payment record
of his company, or explain his source of income.
If the lender is a company, provide the financial reports of the company, showing the net assets
and retained profit of the company.

Pa ra m o un t Mia mi W o rl dc en t er