1. Borrowers Name:
5. Who makes up the entity and what are their percentages of ownership?
8. What is the properties square footage?:
6. Address of Property:
3. Is Borrower a US Citizen?
2. Borrowers Contact Info (Phone # and email):
4. Company name the borrower is closing in (must close in a corporate entity):
7. Exact property type (Ex: SFR, 2-unit, 7-unit):
9. How many acres of land is the property on?
10. Purchase Price:
11. Is the borrower already in a purchase and sales contract?
12. If yes, have they put any earnest money down on the purchase? If so how much?
13. Was this purchase and sales contract entered into all cash?
14. Current fair market value of the property:
15. When does the borrower need to close?
16. How much money does the borrower have to contribute towards the transaction (Need 35% down plus closing costs).
17. Loan amount requested by borrower (A bridge loan will not come with more than a 65% LTV)?
18. If refinance (how much debt needs to be paid off on this property?)
19. If Refinance what type of loan are the borrowers currently in? What are the loan terms?
20. If Refinance, when was the property originally purchased and for how much?
21. If Refinance (Is the borrower seeking cash out at all? If so what do they want to use it for?)
22. If refinance, how much cash on hand does the borrower have? (We need this to calculate reserve requirements).
23. Is the property owner occupied or a pure investment property?
24. If this is a pure investment property are all rents being deposited into a bank account and can they be tracked (if the property is already producing income)?
25. What is the occupancy percentage of the property?
26. What is the plan to bring the occupancy to full (if applicable)?
27. What is the monthly rental income on the property?
28. What are the monthly taxes on the property?
29. What is the monthly insurance on the property?
30. Is there an HOA located at this property? If so what is the monthly HOA fee?
31. If property type is a condo, is it a warrantable or non-warrantable condo?
32. How many BOUGHT AND SOLD (fix and flip) deals has the borrower done in the past 2 years? (Please provide list with dates bought and sold).
33. Can the borrower prove the bought and sold properties with Hud-1’s or settlement statements in their company name or personal name? (If not the lender will not count this as experience!)
34. How many investment properties has the borrower sold in the past 3 years? (Primary home does not count. Properties could have been bought at any time.)
35. Borrowers Fico Scores? (Please list all borrowers scores)
36. Please list borrows home address
37. Does the borrower rent or own? Please list monthly payment.
38. Does the borrower own any other investment properties? If so how many?
39. 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:
40. Has the borrower ever had any mortgage lates? If so when were they?
41. Does borrower have a history of buying properties and getting them fully leased up?
42. What is the exit strategy on the loan?
43. What rates and terms is the borrower expecting?
44. Is the borrower already working with another broker or lender?
45. What is special about your deal?