MWM: Permanent Loan Application

For 1-4 unit investment and Commercial Properties

This is a loan for a property that is already fully renovated and leased up (meaning at least 85% of units are rented out or at least rent ready). For Commercial Properties, the units actually need to be rented. For 1-4 unit investment properties, the units simply need to be at least rent ready.

DSCR (Debt Service Coverage Ratio) on the property should generally be 1.20 or more, however there may be options for no minimum DSCR as well.

I am not working with an agent

Who is your Rep?

First NameLast Name

Email for your Rep

example@example.com

Phone # for your Rep

Please enter a valid phone number.

I found you because...

Entity Type*

Name of the Borrowing Entity you wish to close in*

Most Commercial Loans will require you to close in an Entity. There are few options to close in your personal name.

How many members make up the Borrowing Entity?*

Please include anyone who has any ownership % in the entity

Borrower Ownership %

Sole Member entities have 100% ownership to the Borrower

Borrower Name*

First NameLast Name

Borrower Phone*

Please enter a valid phone number.

Borrower Cell*

Please enter a valid phone number.

Borrower's Email*

example@example.com

Address*

Street Address

Street Address Line 2

CityState

Zip Code

Borrower's Middle Credit Score*

Please list your estimated Mid-FICO score

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2-Member Entity Info*

	First Name	Last Name	FICO	% Owner
Guarantor
Member #2

3-Member Entity Info*

	First Name	Last Name	FICO	% Owner
Guarantor
Member #2
Member #3

4-Member Entity Info*

	First Name	Last Name	FICO	% Owner
Guarantor
Member #2
Member #3
Member #4

5-Member Entity Info*

	First Name	Last Name	FICO	% Owner
Guarantor
Member #2
Member #3
Member #4
Member #5

Borrower's U.S. Citizenship Information*

U.S. CitizenPermanent Resident AlienNon-Permanent Resident AlienOther

Does the borrower Rent or Own their primary residence?*

RentOwn

What is your monthly mortgage payment?*

Please put $0.00 if you own your home free and clear.

What is your monthly Rent payment?*

Does the borrower have any of the following we need to know about?: Current or past IRS issues/liens, Tax liens, judgments, bankruptcies, foreclosures, home modifications, recent or pending lawsuits against them, current delinquent bills, or any current or past credit issues*

YesNo

Please select which one(s) is/are applicable.*

Please elaborate on your IRS Issue(s) / Liens in detail*

How much do you owe the IRS?*

Are you currently on a payment plan with the IRS for this lien?*

YesNo

When did you begin your IRS Payment Plan*

Date

Please elaborate on your Tax Lien in detail*

How much do you owe on this/these tax lien(s)?*

Please elaborate on your Judgment in detail*

When did this Judgment occur?*

Date

Please elaborate on your Bankruptcy(ies) in detail including the type (Ex. Ch. 11 or 7). What date was the bankruptcy initially filed & what date was is dismissed?*

When did this Bankruptcy occur?*

Date

Please elaborate on your Home Modification in detail*

When did this Home Modification occur?*

Date

Please elaborate on your Recent or Pending Lawsuit in detail*

What is the status of this lawsuit?*

Pending / OngoingClosed out & Concluded

When was this Lawsuit concluded?*

Date

Please elaborate on your Recent or Current Delinquent Bill(s) in detail*

Please elaborate on your Recent or Current or Past Credit Issue(s) in detail*

Please elaborate on the recent or current Short Sale(s) in detail*

When was this Short Sale?*

Date

Has the borrower ever had a Late Mortgage Payment?*

YesNo

When did the most recent Mortgage Late occur?*

Date

Has the borrower ever been convicted of a felony?*

YesNo

When did the Felony occur?*

Date

Please elaborate on the Felony Charge in detail*

Please be sure to state the formal charge

Does the Borrower file taxes with the IRS regularly every year?*

YesNo

What years have NOT been filed?*

Please describe why the borrower has not filed Taxes for the selected years. If the year was not listed, please type below and explain in detail what happened.*

Please be sure to state the formal charge

Does the borrower own any other investment / rental properties?*

YesNo

Current SREO Information*

	#
# Rental Properties Owned
# of Units Across all Rental Properties
# of Units currently Leased

Property Address*

Street Address

Street Address Line 2

CityState

Zip Code

Property Type*

How many total units make up this multi-unit property?*

Please upload Rent Roll

If not available now, the Rent Roll will be required during the Review processing by the Lender.

Is the home affixed to a permanent foundation?*

YesNoOther

Since you selected "Other", please describe in detail regarding the properties foundation.*

Single Family Home Info*

	# Bedrooms	# Bathrooms	Square Feet
Home Info

2-Unit Information*

	# Bedrooms	# Bathrooms	Unit SF
Unit 1
Unit 2

3-Unit Information*

	# Bedrooms	# Bathrooms	Unit SF
Unit 1
Unit 2
Unit 3

4-Unit Information*

	# Bedrooms	# Bathrooms	Unit SF
Unit 1
Unit 2
Unit 3
Unit 4

Mixed Use Property Info*

	# of Residential Units	# of Commercial Units	Residential SF	Commercial SF
Info

Property's current zoning?*

ResidentialCommercialResidential & CommercialOther

Property Occupancy %*

Monthly Rental Income*

Monthly Property Taxes*

Monthly Insurance Cost*

Is there an HOA where this property is located?*

YesNo

Monthly HOA Fee*

How will the Borrower(s) intend to Occupy or Utilize the property?*

Non-Owner Occupied Investment PurposeOwner-Occupied for Business PurposeOwner-Occupied for the Borrower's Personal Use

(!) We cannot offer financing for Owner Occupied Residential Properties where the borrower intends to live in any of the units. That said, we have a partnership with a very reputable National Residential Mortgage Brokerage who may be able to assist you. Would you like a referral?*

Yes, Please send me a referral for an Owner Occupied residential loanNo, but thank you for the offer.

What % of the property's SF will the Borrower(s) occupy for Business Purpose? *

1% - 100%

Is all rental income being being deposited into a bank account, and can it be tracked?*

YesNoOther

Since you selected No, please describe how you accept rental income from this property.*

Will the Borrower(s) be renting out any portion of this property to a family member?*

YesNo

Please elaborate in detail which family members the borrower(s) is/are related to, and how the family member will be utilizing the property, as well as the unit(s) they will occupy.*

Loan Program Type

Transaction Type*

Realistically, when do you need to close by? Permanent Financing loans typically take 30-60 days to close.*

Since your on a time crunch, what is the Exact Date that you need to close by at the very latest?*

Date

We'll do our best to meet your deadline, but if absolutely necessary, are you able to obtain an extension?*

YesNo

What personal or entity name is the property currently titled in?*

Are the buyer and seller related by blood or marriage on this transaction?*

YesNo

Please explain the relationship & situation.*

Is the borrower currently in a Purchase & Sales Agreement*

YesNo

When does your Purchase & Sales Contract expire?*

Date

Was the Purchase & Sales Contract entered into an "All Cash" Agreement or "Mortgaged"?*

All Cash (No Mortgage)Mortgaged

Is the borrower buying this property from a Wholesaler?*

YesNo

Please note** We will also need copies of both Purchase & Sales Contracts between: 1. The initial Seller and wholesaler (A-B) & 2. The Wholesaler and you (B-C)*

I understand and can provide both Purchase and Sales Contracts.I cannot provide both Purchase and Sales Contracts.

Purchase Price*