Apex Global Business Partners · OPML Underwriter

WHAT TO UPLOAD

The underwriting works from whatever you give it. This is what makes the difference between a report that leans on seller-stated figures and one that can call them confirmed.

Nothing here is required to run a report. A thinner document set still produces a full underwriting — the report will simply say plainly what's seller-stated versus confirmed, and name exactly what would upgrade its confidence. More documents narrow that gap; they don't gate it.

Your deal data is permanently discarded after your report is delivered. It is never stored, never shared, never retained. If you engage us later for advisory work, you'll need to send your documents again — because we won't have them. That's why there's no NDA required: our privacy policy already does that job, and it applies to everything on this page.

Business Acquisitions

Any operating business — retail, services, healthcare, cannabis, hospitality, and similar.

Financial history

Business tax returns — last 2–3 years The baseline for verified earnings, not seller-stated ones.
Profit & loss statements — trailing 12 months, plus the prior 2–3 fiscal years
Current balance sheet
General ledger or detailed expense breakdown Lets add-backs get identified and sourced individually, instead of taken on faith from a summary line.
Bank statements that reconcile to the P&L This is specifically what moves a figure from "seller-stated" to "confirmed" in the report.

Debt & obligations

Schedule of existing business debt — balance, rate, term, and maturity for every loan or note
Lease agreement for the business premises, if the real estate isn't included in the sale

Structure & operations

Formation documents — articles of incorporation/organization, operating agreement, and current ownership breakdown
Licenses and permits, including any professional license the business depends on to operate
Fixed asset / equipment list
Customer or contract concentration — top customers by revenue, and any long-term contracts in place
Employee roster, with owner and key-role compensation identified separately Needed to tell a real cost from an add-back — see the confidence note above.

Deal paper, if it exists

CIM, offering memorandum, or broker package
LOI or purchase agreement, if already in negotiation
Documentation for any specific add-back being claimed — a vehicle, travel, or personal expense running through the business

Income-Producing Real Estate

From a single rental house up through large multifamily and mixed-use buildings. Investment purchases and lending/PML deals both fall here.

Single-family & small residential — 1–4 units

Current lease agreement(s)
Rent roll, even informal, if more than one unit
Most recent property tax bill
Insurance declarations page
Recent utility bills, if landlord-paid Confirms operating expenses rather than leaving them estimated.
Capital improvement or repair history
Prior appraisal or purchase history, if available
HOA documents, if applicable

Multifamily, commercial & mixed-use — 5+ units, apartment buildings, mixed residential/commercial

Current rent roll — unit by unit, with lease start/end dates and current rent
T12 operating statement — trailing 12 months, income and expenses
All in-force leases, or a representative sample alongside the rent roll on larger properties
Most recent appraisal A digital export reads far more reliably than a scanned copy — see best practices below.
Survey or plat
Title report or preliminary title commitment
Existing loan documents — note, mortgage/deed of trust, current balance, rate, term, and prepayment terms
Property tax bills — most recent 1–2 years
Current insurance policy, and loss history if available
Capital expenditure history and any known deferred maintenance
Phase I environmental report, if one exists
Zoning verification or zoning letter

For a mixed-use property, keep residential and commercial income identifiable as separate line items where you can. The underwriting values a lease-secured income stream and an operator-dependent one differently — the cleaner that split arrives, the less has to be reconstructed from a blended total.

A Few Things That Help Any Upload

Export directly from accounting software or as a native digital PDF where you can, rather than scanning or printing to PDF. A scanned page is far harder to read accurately, and doesn't compress the way a digital file does.
Keep each file under 10MB — that's the per-file limit on the upload panel. Photo-heavy appraisals are the usual offender. There's no cap on how many files you send, so splitting a large document into parts works better than trying to compress it into one.
If a document is large mainly because of embedded photos, a text-only or lower-resolution version reads just as well and moves faster.
When in doubt, upload it. An extra document never counts against you — the report only ever notes what's still missing.