Borrower Name:
Company Name (LLC, C or S Corp):
City/State/Zip:
Email Address:
Borrower's Credit Score (FICO):
Business Address:
Cell Phone:
Website:
Loan Details
Amount of Financing Requested?
Rehab/Construction Budget:
Purpose of Loan:
Purchase or Refinance? Select OnePurchaseRefinance
If Purchase
Purchase Price:
Sales Contract in Place?
If a Flip, how many flips has borrower completed in the last 36 months?
Schedule of Use of Proceeds: (if fix & flip, attach Excel spreadsheet with scope of work budget)
Amount of Downpayment:
Sales Contract Closing Date?
After Repair Value (ARV):
Attach File:
If Refinance
Original Purchase Price?
Year of Purchase?
As-is Value of Collateral?
1st Lien Balance?
2nd Lien Balance?
Other Liens?
What has been done to increase the value of the property?
Property Description
Property Type:
Rehab Type:
As Is Value:
As Repaired Value:
Description of Real Estate:
Address:
Borrowers Current Equity in Property?
Any special issues, problems, needs or timing requirements?:
Property Cash Flowing? (if so, provide cash flow spreadsheet):
Additional Collateral (if applicable)
Property Type and Description:
Value of Property:
1st Lien Balance:
2nd Lien Balance:
Additional Debts:
Information About Proposed Borrower
Borrower's Occupation:
Prior Project Experience:
Net Worth or Financial Strength of Primary Principals, (excluding this project, in US Dollars):
Primary Principal’s last 3 years’ average income:
Exit Strategy (please give as much detail as possible):
What has been done thus far to secure financing?:
Please state why you are seeking hard money/private money instead of conventional financing:
THIS IS A PRELIMEINARY SUMMARY FOR A COMMERCIAL LOAN. THERE IS NO ASSURANCE THAT WE WILL ACCEPT THE TRANSACTION FOR FURTHER PROCESSING.
***NOTICE: The undersigned understands and acknowledges that this document is being utilized in connection with an application for a commercial loan.
***NOTICE: This is not a commitment to lend or a guarantee for financing or loan approval on any loan.
***NOTICE: By filling out this form, authorization is hereby given to the Facilitator/Lender to verify in any manner all info you provide in this form.
No credit check up front. Signature
Your Full Name:
Today's Date:
Your Signature (draw below): Clear
Additional Notes or Explanations:
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