• REHAB LOAN APPLICATION

  • For 1-4 unit investment and Commercial Properties

    A commercial real estate loan on a property needing renovations. Most of the time these properties are vacant, but not always. These loans can be for 1-4 Unit investment properties and pure commercial properties (Ex. Strip Mall, Self-Storage facility, Multi Family Building 5+ units).

    If a property does NOT need any Rehab, you would not apply for a rehab loan, but rather a Bridge Loan (quick close, vacant property, short term financing) or a Permanent Financing Loan (stabilized property, long-term financing)

  • BORROWER INFO

  • Format: (000) 000-0000.
  • Format: (000) 000-0000.

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  • Borrower's U.S. Citizenship Information*
  • Does the borrower Rent or Own their primary residence?*
  • Does the borrower have any of the following we need to know about?:IRS issues/liens, Tax liens, judgments, past bankruptcies, past chapter filings, past foreclosures, past home modifications, recent or pending lawsuits against them, current delinquent bills, or any current or past credit issues*
  • Please select which one(s) is/are applicable.*
  • Are you currently on a payment plan with the IRS for this lien?*
  • When did you begin your IRS Payment Plan*
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  • When did this Judgment occur?*
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  • When did this Bankruptcy occur?*
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  • When did this Past Chapter Filing occur?*
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  • When did this Home Modification occur?*
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  • What is the status of this lawsuit?*
  • When was this Lawsuit concluded?*
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  • When was this Short Sale?*
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  • Has the borrower ever had a Late Mortgage Payment?*
  • When did the most recent Mortgage Late occur?*
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  • Has the borrower ever been convicted of a felony?*
  • When did the Felony occur?*
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  • Does the Borrower file taxes with the IRS regularly every year?*
  • What years have NOT been filed?*
  • Does the borrower own any other investment / rental properties?*
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  • Has the Borrower(s) completed any Rehabs in the past 36 Months?*
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  • PROPERTY INFORMATION

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  • Is the home affixed to a permanent foundation?*
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  • Property's current zoning?*
  • Is there an HOA where this property is located?*
  • How will the Borrower(s) intend to Occupy or Utilize the property?*
  • (!)  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?*
  • Is all rental income being being deposited into a bank account, and can they be tracked?*
  • Will the Borrower(s) be renting out any portion of this property to a family member?*

  • LOAN REQUEST INFORMATION

  • Realistically, when do you need to close by?*
  • Since your on a time crunch, what is the Exact Date that you need to close by at the very latest?*
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  • We'll do our best to meet your deadline, but if absolutely necessary, are you able to obtain an extension?*
  • Are the buyer and seller related by blood or marriage on this transaction?*
  • Is the borrower currently in a Purchase & Sales Agreement*
  • When does your Purchase & Sales Contract expire?*
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  • Was the Purchase & Sales Contract entered into an "All Cash" Agreement or "Mortgaged"?*
  • Is the borrower buying this property from a Wholesaler?*
  • Please note** We will also need copies of both Purchase & Sales Contracts between both: 1) The Wholesaler and Seller (A-B) & 2) The Borrower and the Wholesaler (B-C)*
  • Date you originally acquired the property*
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  • Are any architectural plans required for this rehab project?*
  • Do you already have the architectural plans completed and ready to go?*
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  • Will this property be turned into a different property type?*
  • Have any renovations been done to the property since the borrower acquired it?*
  • Has the borrower put any Earnest Money Down (EMD) on the subject property?*
  • Borrower's Exit Strategy*
  • Is the Borrower already working with another broker or lender?*

  • BROKER INFO

  • Are you currently working with a broker, or are you a broker/originator submitting on behalf of your borrower?*
  • Format: (000) 000-0000.

  • VERIFY

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  • Submission Time & Date
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  • Should be Empty: