Commercial Loan Application

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Commercial Loan Executive Summary Online Application Form

Please apply online below, or call 800.950.6913 to speak with a loan specialist

Date:

Name:

Address:

Phone#:

Fax#:

Email:

The importance of this executive summary: GARBAGE IN = GARBAGE OUT. We routinely see executive summaries with sketchy details and only a fraction of the information we need. To make a decision on your loan request we need all of the applicable blanks completed. If we do not receive enough information we will have to request the information again, adding time to the quote process. The goal should be to tell us in the notes below and this form the “who, what, when, where, why and how” of the deal.

PURCHASES: Fill in this section if the borrower wants to buy a property.

Price of Property:

Loan Requested

Down Payment Amount

If Down Payment is less than 25%, is the seller willing to hold back a second mortgage?
Yes No

In order for this borrower to qualify for a full-income verification loan at the highest LTV and the best interest rates we will need the last 2 years tax returns from the property SELLER. Is the seller willing to provide them?
Yes No

REFINANCES: Fill in this section only if the borrower already owns the property and wishes to obtain a new mortgage.

Property appraised value (or opinion of value per owner):

Existing Mortgage(s) Balance

Loan Amount Requested

Interest rate requested

Amortization term requested
Yes No

Purpose of Loan:
Lower Rate Balloon Take Cash Out (specify amount) Other (Please specify)
Date Property was Purchased

Amount paid for Property

ALL PROPERTIES:

Property name:

Property Condition:
Great Good Fair Poor

Property Address

Property Type:
Multi-Family (specify # of units)
Hotel/Motel
Retail Shopping Center
Mobile Home Park
Industrial
Healthcare
Office
Mixed Use
Special Purpose (specify)
Other (Specify)

Describe any major improvements made to the property:

Desribe any repairs or improvements that may be needed:

Is the property Owner-Operated? Yes No
If yes, what building square footage percentage is used by the owner?

Number of Units

Percentage of units currently occupied

What year was the property built?

What is the Gross Potential Income (on rental type properties only) if fully occupied?

Gross Property Income:	Current YTD:	Per tax returns:	1 Year Prior:	2 Years Prior:
Expenses on Property:	Current YTD:	Per tax returns:	1 Year Prior:	2 Years Prior:
Depreciation & Interest Expenses:	Current YTD:	Per tax returns:	1 Year Prior:	2 Years Prior:

Borrowing entity: Individual Partnership Corporation LLC Other

Is borrower willing to sign personally? Yes No

Credit grade of borrower: A B C D

Ever Declare Bankruptcy? Yes No

If yes, what year?

Please describe in detail what the borrower is looking to accomplish:

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