In one sentence
The personal or entity financial statement documenting a guarantor's net worth and liquidity, underwritten alongside the property.
The longer version
Guarantor financials support recourse and carve-out obligations and often back net worth and liquidity covenants. Lenders collect and periodically update them as part of monitoring the guaranty's strength.
Updated guarantor financials are a recurring reporting item on loans with ongoing net worth requirements.
Keep reading