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Date: <?xml:namespace prefix = w ns = "urn:schemas-microsoft-com:office:word" />Click here to enter a date.
Overview of the Project:
Please give us a brief descriptive overview of your project a mini Exec Summary:
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1. Amount of capital borrower has into their own project to date: *This is CRITICAL
$ Click here to enter text. (USD or equivalent)
2. Amount of capital (in cash, in hand) borrower has ready to further invest in their own project in the future:
*This is CRITICAL
$ Click here to enter text. (USD or equivalent)
3. Borrowers attitude regarding equity financing: Click here to enter text.
*This is CRITICAL
4. Does the borrower have any other outside sources of funding such as JV, Equity, Venture Capital, bond issues, PPM, etc.? YES NO
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(if yes, please explain above)
5. Does the borrower have a take out or exit strategy for an initial loan?
Click here to enter text. *This is CRITICAL see below for an explaination!
6. If the borrower DOES NOT have an acceptable take out or exit strategy for an initial loan, does the borrower have at minimum 5.5% IN AVAILABLE FUNDS, in cash, in hand to invest in the project? YES NO *This is CRITICAL
7. Does the borrower have any pre-sales, off-take agreements, or contracts for the sale of goods or services in place at present? YES NO
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(if yes, please explain above)
8. Does the borrower have available IN HAND, IN CASH at least $200,000 per $50M of funding need (possibly applies to projects with funding needs of $5M and larger)?
YES NO
9. Does the borrower have IN HAND, IN CASH at least 1% of the funding need available?
YES NO
10. LTV/LTC Desired for this loan: Choose an item. *This is CRITICAL
11. Is this a Factoring, Purchase Order, or Contract situation?
YES NO
If yes, How much of your portfolio of business does this situation represent?
Click here to enter text. % of Total Portfolio of Business
Project Name: Click here to enter text.
Type of Loan Sought: Choose an item. IMPORTANT ITEM
Check here if you want an SBA loan. (Must be 50% owner used.)
Type of Financing Sought: Choose an item. IMPORTANT ITEM
This loan probably requires a hard money lender (more expensive but lenient).
Niche Lending Industries/Specializations: Choose an item. IMPORTANT ITEM
Amount of Loan Request: * $ Click here to enter text. (USD or equivalent)
(Do not use cents or decimals) IMPORTANT ITEM
As Completed Value: * $ Click here to enter text. (USD or equivalent)
(Do not use cents or decimals) IMPORTANT ITEM
Property Address:* Click here to enter text.
2nd Line of Address: *Click here to enter text.
City: * Click here to enter text. Project Location/State: Choose an item.
IMPORTANT ITEM
US County: * Click here to enter text. CRITICAL please research if unknown
Type of Property: * Choose an item. IMPORTANT ITEM
Gross Rentable Area: Click here to enter text. (in square feet or equivalent)
Net Rentable Area: Click here to enter text. (in square feet or equivalent)
Number of Units: Click here to enter text.
Vacancy Rate for the Area: Choose an item. CRITICAL please research if unknown
Description of the Building(s): Click here to enter text.
Age of the Building(s): Years Last Renovated: Years ago
Purpose of the Loan: Choose an item. Important Item
If other please describe: Click here to enter text.
Interest Rate Desired: Choose an item. Important Item
Amortization Schedule Desired:Choose an item. Important Item
Loan Term Desired: Choose an item. Important Item
Land Details:
Land Purchase Price: Click here to enter text.
Date Land Purchased: Click here to enter a date.
Check Here if This is A New Land Purchase
Check Here if Land is under contract/option
Cash Down Payment on Land: $ Click here to enter text. (in USD or equivalent)
Balance Owned on Land: $ Click here to enter text. (in USD or equivalent) CRITICAL please research if unknown
Value of Land Today: $ Click here to enter text. (in USD or equivalent) CRITICAL please research if unknown
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If Land Value Today Is Higher Than Land Purchase Price, It is Critical That You Explain Why In Great Detail. The Funding May Hinge On Your Explanation:
Input senior loan info if you're
seeking a second mortgage. |
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Curb Appeal: Choose an item. Important Item
Cost Breakdown:
Land Cost: $ Click here to enter text. (in USD or equivalent)
Hard Costs: $ Click here to enter text. (in USD or equivalent)
Soft Costs: $ Click here to enter text. (in USD or equivalent)
Contingency: $ Click here to enter text. (in USD or equivalent)
Total Costs: $ Click here to enter text. (in USD or equivalent)
Describe Your Equity in the Land or Project: Click here to enter text.
Special Issues, Problems, or Needs: Click here to enter text.
Itemize the Use of Funds for the Project:
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Borrower Information:
Borrower 1:
Name(s) of Borrower(s) (Individual(s)): Click here to enter text.
Name(s) of Borrower(s) (Entity(s)): Click here to enter text.
If other or non-US please explain below:
Type of Entity: Choose an item. Click here to enter text.
Important Item
Occupation: Click here to enter text.
Annual Income: $ Choose an item. Important Item(in USD or Equivalent)
Credit: Choose an item. Important Item(in USD or Equivalent)
Credit Score: Click here to enter text. (3 digits - if known)
Borrower 2:
Name(s) of Borrower(s) (Individual(s)): Click here to enter text.
Name(s) of Borrower(s) (Entity(s)): Click here to enter text.
If other or non-US please explain below:
Type of Entity: Choose an item. Click here to enter text.
Occupation: Click here to enter text.
Annual Income: $ Choose an item. Important Item(in USD or Equivalent)
Credit: Choose an item. Important Item
Credit Score: Click here to enter text. (3 digits - if known)
Check Here if There are additional borrowers
(if there are additional borrowers please provide information on each using same format as above on separate sheet(s))
Property Income:
Gross Scheduled Income: $ Choose an item. Important Item(in USD or Equivalent) Annual
* Include the market rent of any vacant units and any owner-used units
Other Income: $ Choose an item. Important Item(in USD or Equivalent) Annual Laundry, Parking, etc.
Property Expenses:
Real Estate Taxes: $ Choose an item. Important Item(in USD or Equivalent)
Current - Actual
Insurance: $ Choose an item. Important Item(in USD or Equivalent) Current - Actual
Management Expenses: $ Choose an item. Important Item(in USD or Equivalent)
Annual
Repairs & Maintenance: $ Choose an item. Important Item(in USD or Equivalent)
Last Year Actual
Reserves for Replacement: $ Choose an item. Important Item(in USD or Equivalent)
Annual
Utilities: $ Choose an item. Important Item(in USD or Equivalent)
Annual
Other Operating Expenses: $ Choose an item. Important Item(in USD or Equivalent)
Annual
Itemized Use of Funds:Click here to enter text. Important Item
Third Party Relationships Under Contract or to be Under contract to support the development, completion, operation of the project: Click here to enter text. CRITICAL ITEM
Borrowers Qualifications:
1. Briefly describe the most recently completed project and at what cost:
Click here to enter text. Important Item
2. What profit was achieved, if any?
Click here to enter text. Important Item
3. Describe the Borrowers overall experience in the field:
Click here to enter text. Important Item
4. Describe the experience of team members and what they bring to the overall project:
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Contact Information:
Borrower(s)
(If more than one borrower please add additional information for complete borrower contact information)
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Name |
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Cell Number |
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First Language |
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Office Number |
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Company Name |
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E-mail |
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Intermediary(ies)
(If more than one borrower please add additional information for complete borrower contact information)
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Name |
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Cell Number |
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First Language |
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Office Number |
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Company Name |
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E-mail |
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I declare under penalty of perjury that the information I have provided above is accurate to the best of my knowledge.
X_____________________ ___________________Click here to enter a date.
Signature of Borrower 1 Title of Borrower 1 Date of Signature of Borrower 1
X_____________________ ___________________Click here to enter a date.
Signature of Borrower 1 Title of Borrower 1 Date of Signature of Borrower 1
