| 2.)
Loan type: new construction / acquisition (purchasing)/
rehabilitation / refinance:
|
3.)
Apartment complex name:
|
3.)
Nursing home / assisted
living / mobile home park name:
|
4.)
Property address:
|
5.)
Contact person name / phone / email:
|
|
|
| 6.)
Refinance Information: |
|
Property
Value: $ |
|
Date
property purchased: |
|
Gross
income per tax return: $ |
|
Depreciation
per tax return: $ |
|
Interest
expense per tax return: $ |
|
Net
operating inc. tax return: $ |
|
| Cur.
Mtg. Pmt: $ / Interest Rate: % |
|
Mortgage
balance: $ |
|
Is
there a Balloon or prepay penalty? |
|
Original
term / Remaining term: / |
|
|
7.)
Purchase Information or New Construction |
Purchase
price or total cost to build: $
|
|
Requested
loan amount:$ |
|
Down
payment amount available: $ |
|
| Borrower
personal credit score or garde:
|
|
Net
operating income (actual projected): $ |
|
Annual
Expenses (actual projected): $ |
|
| |
8.)
If Property is: |
| Nursing
Home / Assited Living Facility, total number of
beds? |
|
Apartment
Complex, total number of units? |
|
Mobile
Home Park, total number of pads? |
|
9) Items Required For Refinance, Purchase or Rehabilitation
Loans:
A.)
The last 3 years of Income and Expense
Statements on the property;
B.) The last
3 years tax returns on the property. If this
is a purchase, we need the SELLER’S tax returns
on this property;
C.) List of improvements
or equity that has gone into or will go into
the property;
D.) If this is
a purchase then we need to see proof of source
of down payment;
E.) List of repairs
or improvements, with a cost breakdown, that
are planned for the property;
F.) Summary of
all mortgages, liens and/or major payables
they would like to pay off with the refinance.
G.) Credit Authorization
form so we can pull credit PERSONALLY on all
borrowers who own 20% or more of property
H.) Personal
Financial Statement on all borrowers who own
20% or more of the company or property |
|
10)
Items Required For New Construction Loans:
A.)
Proposed Net Income and Expense Operating
Statement on the property for the next 3 years.
B.) Purchase
price of land, Estimated land value, and Opinion
of final value upon completion of building
C.) Simple break
down of construction costs.
D.) Credit Authorization
form so we can pull credit PERSONALLY on all
borrowers who own 20% or more of property
E.) Personal
Financial Statement on all borrowers who own
20% or more of the company or property
|
|
|
|
