PROJECT
NAME:
(give descriptive name) |
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| PROJECT
ADDRESS: |
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| PROJECT
CITY, STATE, & ZIP: |
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ENTERED
BY:
(make a selection) |
Agent
,
Broker
, Borrower
|
| FULL
NAME OF PERSON ENTERING: |
|
|
Loan
Information
|
| FULL
NAME OF CONTACT PERSON: |
|
| CONTACT
PERSON PHONE NUMBER: |
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CONTACT
PERSON
E-MAIL ADDRESS |
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|
Borrower's
Basic Information
|
| BORROWING
PERSON OR ENTITY NAME: |
|
| ADDRESS: |
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| CITY,
STATE, ZIP: |
|
| PHONE: |
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| E-MAIL
ADDRESS: |
|
BORROWER'S
CREDIT SCORE(S):
(if known) |
|
CHECKING
& SAVING BALANCE:
(all accounts) |
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| RETIREMENT
ASSETS: |
|
|
Loan
Basics Information
|
|
SELECT
LOAN AMOUNT FROM $20,000 TO $800,000,000
|
| WHEN
DO YOU NEED THE MONEY? |
|
| HOW
MUCH DO YOU NEED TO BORROW FROM US? |
|
| HOW
MUCH DOWN PAYMENT DO YOU HAVE? |
|
DO
YOU HAVE APPRAISAL MONEY?
(appx 1,500-3,500) |
Yes
, No
, N/A
|
DO
YOU HAVE CLOSING COST?
(appx 4%-5% of loan) |
Yes
, No
, N/A
|
| LOAN
PURPOSE? |
|
| IS
THERE LAND BEING PURCHASED OR REFINANCED? |
Yes
, No
, N/A
|
| VALUE
OF PROPERTY AS IS TODAY? |
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| VALUE
OF PROJECT WHEN COMPLETED? |
|
| ANY
ENCUMBRANCES AGAINST IT? |
Yes
, No
, N/A
|
| WHAT
WILL BE USED AS COLLATERAL? |
|
| BORROWER'S
OWN CASH BEING INVESTED INTO PROJECT? |
Yes
, No
, N/A
|
| HOW
MUCH OF BORROWERS OWN MONEY CAN PRINCIPALS PUT INTO THE
PROJECT AFTER THE LOAN IS CLOSED? |
|
| IS
THE LAND ON WHICH THE PROJECT IS TO BE CONSTRUCTED ALREADY
OWNED BY THE PRINCIPALS? |
Yes
, No
, N/A
|
| DO
PRINCIPALS HAVE ALL THE NECESSARY STATE, CITY AND OTHER
GOVERNMENT APPROVALS ALREADY IN PLACE? |
Yes
, No
, N/A
|
| ANTICIPATED
ANNUAL NET INCOME FOR PROJECT FROM 3 YEARS |
|
|
Summary
(Please describe the Project Details
in your own words.)
Use 300 words or less on each explanation.
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| Loan
payoff strategy- Where will the finds come from to repay
the loan? |
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| Principals
background experience that relates to this business. |
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| Detailed
breakdown of how funds are going to be used. |
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| Brief
project profile. What is the purpose of the loan including
what kind of business, etc. |
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|
|
|
AT
SOME POINT WE WILL NEED THE FOLLOWING:
Current
Balance Sheet showing how borrowing entity is capitalized.
Personal Financial Statement (if borrower is not a Company).
A Loan Application and credit report on the Borrowers
(principals).
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