Contact Name
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Borrower Relationship —Please choose an option—Borrower/GuarantorBrokerAttorneyAccountantRealtorOther—Please choose an option——Please choose an option—Borrower/GuarantorBrokerAttorneyAccountantRealtorOther
Contact Email
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Contact Number
Enter your contact number.
Cell Phone
Fax Number
Property Name
Property Address:
Property City:
Property County:
Property State:
Property Zip:
1. What is the real estate tax bill for last year?
2. Assessors Parcel No. (Tax ID#)
3. Are there any abated taxes? —Please choose an option—YESNO—Please choose an option——Please choose an option—YESNO
Are taxes fully assessed at this time?
—Please choose an option—YESNO—Please choose an option——Please choose an option—YESNO
4. If not, what is the expected full assessment?
5. What is the property insurance bill for last year?
6. What date does the insurance premium expire?
7. Are there any regulatory or deed restrictions concerning the property? —Please choose an option—YESNO—Please choose an option——Please choose an option—YESNO
If yes, please explain:
8. What is the current physical occupancy?
9. When was the property built?
10. When was it last renovated?
Amount of renovations $:
11. How many units?
12. What type of construction?
13. Number of parking spaces:
covered?
uncovered?
garages?
14. What is the site size?
16. What percentage of the units are leased to:
students?
professionals?
section 8?
military?
retirees?
blue collar?
17. How many corporate units?
18. How many furnished units?
19. How many studio units?
If Section 8 or other subsidized rents: What are the requirements and obligations of the owner?
20. Is the property Mixed-use?
If yes, How many commercial units?
If yes, what is the total rentable sq. ft. of commercial space?
If yes, describe the types of business in the commercial units.
21. Is this a Mobile Home Park?
Are the park roads paved?
How many of the actual mobile homes are owned by the park?
What is the construction of the pads? —Please choose an option—ConcreteAsphaltGravelOther—Please choose an option——Please choose an option—ConcreteAsphaltGravelOther
22. What is the current estimated market value of the property?
1. What is the existing loan balance?
P & I payment?
Interest rate?
Call or due date?
Lender Name?
Can this loan be prepaid?
Was it a trade or straight purchase?
2. When did you buy the property?
What was the purchase price?
What was the down payment?
1. What is the purchase price?
2. What physical condition is the property in?
Describe any deferred maintenance?
Estimated Amount in Dollars:
3. What is the dollar amount of any anticipated repairs or improvements you are going to immediately make above your down payment?
4. What date does your earnest money go hard?
Is there a financing contingency beyond this date?
If yes, by what date must you have a commitment?
5. What is the closing date?
6. Is this an exchange or a straight purchase?
7. Why are you buying this property?
1. What is the name of the borrowing entity?
2. What is the entity structure?
3. Is the borrower a single asset entity?
If no, can it become one?
4. Tell us who owns what percentages of the borrowing entity
5. Who is the key principal (who signs the closing papers)?
6. What is the key principal's social security #?
7. What is the key principal's Date of Birth?
8. What percentage of the deal, either directly or indirectly does the key principal own?
9. Brief description of key principal's multi-family ownership or management experience - number of units, dates, etc.
10. Any past credit issues on borrower/key principal we need to be aware of?
1. What is the name of the managemnt company?
2. What is the name of the area manager?
3. What is the name of the on-site manager?
1. What is the current estimated market value?
2. How much is your loan request?
3. If this is a refi, what is the reason for your request?
4. What loan amount do you need?
5. Tell us what terms you would like:
Amortization:
Yrs. Rate: Fixed (%)
Fixed for how long?
Rate: Variable (%)
6. Concerning the terms of your loan, priortize the following in order of importance to you:
Maximum Loan Dollars/Loan to Value:
Interest Rate:
Low Closing Costs:
Lowest Overall Financing Cost:
No Personal Recourse/Guarantee:
Loan Term or No Balloon:
Future Supplemental Borrowing Provided (via 2nd or 3rd mortgage)
Assumable By Future Buyers:
Ability to Pre-Pay Loan
7. What features do you NOT want in your loan?
8. When do you want this loan closed? —Please choose an option—30days45days60days90days—Please choose an option——Please choose an option—30days45days60days90days
For 90days or more what date?
No urgency
9. Is there a deadline you're under? Please explain:
Deadline Date:
10. How long do you plan to keep the property?
What is your exit plan?
—Please choose an option—SellExchangeHold IdefinatelyNo definite plan—Please choose an option——Please choose an option—SellExchangeHold IdefinatelyNo definite plan
11. How do you plan to retire this loan? —Please choose an option—RefinanceSell or Exchange/Have it assumedFully AmortizePayoff in Lump SumNot Decided—Please choose an option——Please choose an option—RefinanceSell or Exchange/Have it assumedFully AmortizePayoff in Lump SumNot Decided
12. What is your most important priority or issue regarding this loan?
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