Deal readiness score

What do lenders ask for first?

Tick what you already have. The score weights each item by how often its absence stalls a file, and the items marked required are the ones a lender will ask for before quoting anything at all.

• Sponsor liquidity documented relative to the loan size
• Trailing-twelve-month operating statement documented
• Current rent roll
• Sponsor personal financial statement, recently dated
• Schedule of real estate owned
• Phase I environmental report, or willing to order one
• Recent appraisal, or willing to order one
• Borrowing entity formed
• Personal and entity tax returns for the last two years
• Sponsor has prior commercial real estate deal experience
• Sponsor credit disclosed, a common lender screen
• Stabilized coverage projected at the refinance rate

How do you read the result?

Read the outstanding required items before the score. A high score with a required item missing is still a file a lender cannot price, because those items are the ones underwriting starts from rather than the ones it finishes with.

A low score is not a reason to wait. The intake takes about five minutes with the core items, and lenders request the rest as they engage — the score exists so those requests arrive as a checklist you have already seen rather than as a surprise.

Is the score a credit decision?

No. It measures how complete and legible a loan request is, which is what decides whether a lender can price it quickly. The credit decision belongs to the lender and depends on underwriting the documents themselves, not on how many of them exist.

Why do some items carry more weight than others?

Weights follow how often a missing item stalls a file. Income documentation and sponsor financials are what most requests are missing and what most lenders ask for first, so they carry the most. Items a lender will order themselves, such as an appraisal or an environmental report, carry less because a willingness to order one is usually enough to keep a file moving.

What happens after you have the number?

A ratio tells you where the deal stands; it does not tell you which lender will like it. You describe the deal once — about five minutes — and it is screened against 20,000+ loan programs. Most deals return 5–8 matches, the median first offer arrives in under an hour, and there is Zero upfront; the fee is 0.50–1.00%, paid only at closing.

YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.