LOAN APPLICATION

Commercial Real Estate Loan Submission

Please use this form and e-mail it back to us. This form will help expedite underwriting, reduce time to process your funding request, and provide you with a fast response regarding your project.

IMPORTANT: All questions need to be answered in order for request to be processed.

1) Full Legal Name of Loan Applicant (must be actual borrower, and not of a broker or consultant, or this form will not be processed). Always include the full legal name and type of entity of the borrowing company (Corporation, LLC, Sole Proprietor, Partnership, etc.)

Name :

Entity Type :

Phone :

Mobile :

Address :

City :

State/Province :

Zip:

Fax:

Skype:

Country:

Email :

Completed By:

Signature:

Date :

Brief Profile of Property:

Exact Location of Property :

Net Operating Income: :

Appraised Value :

Sqft. of Property :

Property Type :

Location: :

City:

County :

State/Province :

Value of Property: $

1st Lien Balance:$

2nd Lien Balance: $

NOI : $

Performa NOI : $

Sources & Uses: $

Project Funding Amount (US Dollars):
(What is the amount of funds the Applicant actually need for the project; what % of the total project costs does this represent; and when do you need the funds?)

Amount:

% of costs:

By when?

Are you requesting Debt, Equity or Both?(If both, how much for debt and equity respectively?)

DebtEquity

a) If this is a real estate development, what are the hard and soft costs for all phases?

b) How much of your own money (hard cash) have you put in, or are going to put into this project?

c) Do you have control of the land or property?

yesno

d) By what means, and for how long? Date of Purchase

Original purchase price of the land or property:

What Loan Optimal LTV or LTC?

a) Would you consider a Joint Venture?(Would you consider giving up a percentage of equity ownership in this project to a joint venture if it was the only way to get request approved?)

yesno

b) If yes, what percentage of ownership would you relinquish?

a) Do you currently have Appraisal, Feasibility, and Environmental Study Reports on the subject property?

yesno

b) Please list what you currently have on hand of the above reports.

c) If not, are you prepared to pay for these necessary costs?

yesno

a) Do you have evidence that this project conforms to the zoning requirements?

yesno

b) Are there any environmental issues?

yesno

c) If yes, what are they?

d) What is the status and timing of state and local government approvals?

Current value of subject property As-Is today: (Please be objective)

Value of property: $

Any lien claims on the property?

1st Lien balance: $

2nd Lien balance: $

Value when completed if applicable: (please list both appraisal and sellout value)

Appraisal completion:$

Use of Proceeds summary:

Borrower's breakdown of cash investment into project:

Additional Collateral:
(List any additional real estate the borrower may have that could be used to cross collateralize this loan request to lower the loan to value ratio)

Property Type:

Location

City

County

State/Province

Value of Property:$

1st Lien Balance:$

2nd Lien Balance:$

NOI: $

Performa NOI: $

Sources & Uses: $

Current Occupancy:

Prior turn-down and concerns that exist in funding this project:
(Reasons why conventional financing could not be obtained)

Loan Payoff Strategy:
(What are the exit or payoff strategy and source of repayment for this funding request?)

Timing of this project and repayment of loan requested?

Due to standard policies and procedures due diligence (application and site inspection) is always conducted and is an inherent necessary cost. Are you prepared to pay for this cost?

yesno

Name of Referring Broker:

Name of Agent:

If this is being submitted by a broker/agent, are you in direct contact with the principle?

yesno

Additional Comments:
(Please include any additional information that would make this project more appealing to a Lender and/or Joint Venture Partner)