I. Private Placement Memorandum (PPM) – From Tenant in Common

a. Purchaser Questionnaire
b. Deposit to Title Company
c. Credit Authorization

II. Financial Information for Lender – From Tenant in Common

a. Current Personal Financial Statement
b. Tax Returns – Most Recent 2-3 Years, depending on Lender requirements
c. Schedule of Real Estate Owned
d. Accommodator Statement – Verification of Funds
e. Authorization to Disclose/Credit Authorization
f. Other Lender Disclosure Authorizations, as necessary

III. Entity/Ownership Documentation – From Tenant in Common relative to their entity

a. Trust
   i. Current Certification of Trust
   ii. Entire Trust Document
   iii. Legal Opinion, if required by Lender

b. LLC
   i. Articles of Organization
   ii. Certificate of Good Standing
   iii. Operating Agreements
   iv. Consents, as required
   v. Legal Opinion, if required by Lender

c. Corporation
   i. Articles of Incorporation
   ii. Certificate of Good Standing
   iii. By-Laws
   iv. Consents and Resolutions, as required
   v. Legal Opinion, if required by Lender

d. Partnership
   i. Formation Documents
   ii. Certificate of Good Standing
   iii. Partnership Agreement
   iv. Legal Opinion, if required by Lender

e. Individual
   i. Interspousal Deed – if married and taking title as sole and separate

IV. Formation of SPE LLC – Provided by SPONSOR for Tenant in Common Signature

a. Formation/Registration Documents
b. Operating Agreement
c. Consents and Resolutions, as required

V. Purchaser Agreements

a. Purchase Agreement & Escrow Instructions (x3)
   i. Amendments, if necessary
b. Tenants in Common Agreement (x1 + notary)
   i. Supplements, if necessary
c. Property Management Agreement (13)
d. Assignment and Assumption of Agreements (x3 + notary)

VI. Loan Documents

a. ***Loan Assumption Agreement
OR
b. ***It is Sponsor’s goal to have the Tenants in Common sign a Loan Assumption Agreement to assume all of the loan documents. However, at times, it may become necessary to have all Tenants in Common sign all loan documents, which may consist of, but are not limited to the following:

i. Promissory Note
ii. Deed of Trust
   A. Amendments, if necessary
iii. Assignment of Leases and Rents
iv. Cash Management Agreement
v. Indemnity and Guaranty Agreement
vi. Assignment of Warranties and Other Contract Rights
vii. Closing Certificate
viii. Hazardous Indemnity Agreement
ix. Clearing Bank Instruction Letter

VII. Closing Signatures

a. Estimated Closing Statement
b. Escrow Instructions
c. Accommodator Instructions
d. Escrow Amendments from Title Company, if necessary
e. Preliminary Change of Ownership
f. Statement of Identification

VIII. Purchase Payment & Closing Costs

a. Cashier’s Check/Funds wired to Title Company (from accommodator or individual

Note: Please understand that the above list is only meant to be used as guidelines for those documents that may be required in a Tenant in Common transaction. However, please note that this list is not exhaustive and is always subject to change based on the particular transaction and the Lender requirements.