LOAN APPLICATION INFORMATION
TYPICAL OUTLINE FOR IMPROVED PROPERTY
ACQUISITION and REFINANCE LOANS
___ Amount of financing required.
___ Preferred date of closing of loan.
___Preferred duration of loan.
___Cashback amount, if requested; intended use
___ Exit strategy for loan payback
___ Current financing (interest rate, term, years remaining, monthly payment, pre-pay penalty if any, lender)
___ Est. Market value of property, Total Assessed Value, Assessed Improvement Value
___ A complete, as-is description of the property: location; age; construction type; deferred maintenance; number and types of units with rents; acreage; zoning; tenant amenities; parking; management company; location map; visibility from, or distance to, major arterials and freeways, retail, and public transportation; parking; etc.
___Photos and links to Google map and satellite image of property
___For Retail/Office/Light Industrial: Lease summary of tenants (square footage; rent amount; scheduled rent increases; expiration of leases and renewal options; vacancy; NNN; etc.
___2015-2016, YTD and projected Income/Expense summaries (including NOI and debt service)
___ Borrower contact information (name, company name and mailing address, telephone,
fax numbers, e-mail address).
__ Summary of Borrower’s real estate development and/or investment history.
__ Estimated personal credit (A to E with A being excellent). Current FICO score, if known.
Not all items may apply.
Please add any other facts which you feel we should be aware of.
When preparing your document, please use headings, bullet-point style and charts for clarity.
Please submit in digital form to firstname.lastname@example.org
LIST OF SEPARATE DOCUMENTS--(submit when requested by Lender)
1. Personal/corporate financial statements
2. Three years personal/corporate tax returns
3. Title report and Property Profile
4. Recent appraisal, if any (don't order one)
5. Environmental report, if any
6. Purchase and Sale Agreement
7. Typical lease form
Please submit all documents/information in digital form to email@example.com
Ernest A. Rosenberg
P. O. Box 31, Bellevue, WA 98009