| Full Name |
|
| Address |
|
| City, State, Zip |
|
| Entity Name |
|
| E-mail |
|
| Phone (day) |
|
| Phone (other) |
|
| SSN |
(for 1098) |
| Tax ID |
(for 1098) |
| FICO score |
1.
2.
3.
|
| Property Type |
|
| Loan Amount Requested |
$
|
| Most Recent Appraised Value |
$
|
| Date of Appraisal |
|
| Existing Loans (#1) |
Type |
|
| Amount |
$
|
| Current Rate |
% |
| Existing Loans (#2) |
Type |
|
| Amount |
$
|
| Current Rate |
% |
| Gross Monthly Rental Income |
$
|
| Gross Monthly Rental Expenses |
$
|
| Use of Funds |
|
| Loan to Value Ratio |
% |
| Purpose of Loan |
|
| If Other, please explain: |
|
| |
Describe the Property in Detail
(Size, Business Use, Age, Condition, etc...) |
|
| |
|
What did you (or what will you)
pay for the property? |
$
(Actual purchase price, not value) |
| Date of purchase |
|
Do you have a
recent title report? |
|
| |
|
Executive Summary |
| Why are you seeking alternative vs. conventional financing? |
|
|
| Is the property income-producing? If so, what is the gross & net income? |
|
|
| How will you make monthly payments on this loan? |
|
|
| What is your exit strategy? |
|
|
| EQUITY LENDERS LLC makes loans with LTV's (loan to value ratio) of 50-75%, based on property type. The borrower must have 20% cash/equity. Where will this money come from? |
|
|
| |
|
| Please list additional collateral (if necessary) |
|
| |
|
Additional items may be required... such as:
- Personal Financial Statement
- Title insurance for loan amount
- Copy of insurance certificate naming Equity Lenders LLC as additional insured
- Copy of recent appraisal or update (if none available, need one ordered)
- Rent Roll/Property Financial Statements (for income properties)
|
Do you have?
appraisal
1003
FICO report
PFS
prelim
rent roll
Fin Stmts
copy of current Note |
| Additional Comments or Concerns |
|
| |
|
|
Questions? 847.681.8888 |
