Multi-Family Ground Up Construction (Quote)

1. Borrowers Name *

First

Last

2. Borrowers Phone

3. Borrowers email address *

4. Is borrower a US Citizen?

YES
NO

5. Company name the borrower is closing in (must close in a corporate entity):

6. Who makes up the entity and what are their percentages of ownership?

7. Address of Subject Property

Address Line 1

Address Line 2

City

State

Zip Code

8. How many Units total?

9. How many acres of land is the property on?

10. What is the current square footage of the property?

11. Current Fair Market Value of property

12. Purchase Price of land (if applicable) PLEASE ONLY FILL THIS IN IF THIS IS A PURCHASE TRANSACTION):

13. Is the borrower already in a purchase and sales contract?

YES
NO

14. When does the borrower need to close?

15. If you already own the land what is it currently worth?

16. If you already own the land when did you purchase it and for how much?

17. If you already own the land how much debt is on the land?

18. How much Cash on hand does the Borrower have?

19. Are there already approved plans and permits on the land?

20. What is Total Construction Cost?

21. What will the property be worth once it is fully built (ARV)?

22. How much will the total Monthly Rental income be once completed?

23. What is the loan amount requested?

24. What is your Exit Strategy on Loan (Refinance or Sell)

25. How long will the property take to construct?

26. How many projects has the borrower built ground up in the past 3 years?

27. How many projects has the borrower built ground up ever?

28. Borrowers fico scores?

29. Please list borrowers home address

Address Line 1

Address Line 2

City

State

Zip Code

30. Does the borrower rent or own? Please list monthly payment.

31. Does the borrower own any other investment properties? If so how many?

32. Does the borrower have any IRS issues, Tax liens, judgments, past bankruptcies, past chapter filings, past foreclosures, recent or pending lawsuits against them? If so please explain and list date:

33. Has the borrower ever had any mortgage deliquent payments? If so when were they?

34. Is the borrower already working with another broker or lender?

YES
NO