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)

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

Home Phone #*

Please enter a valid phone number.

Mobile #*

Please enter a valid phone number.

Borrower's Email*

example@example.com

Borrower's Home Address*

Street Address

Street Address Line 2

CityState

Zip Code

Borrower's FICO*

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?: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*

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*

When did this Bankruptcy occur?*

Date

Please elaborate on your Past Chapter Filing in detail*

When did this Past Chapter Filing 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 Short Sales 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?*

2021202020192018

Please describe why the borrower has not filed Taxes for the selected years*

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

Has the Borrower(s) completed any Rehabs in the past 36 Months?*

YesNo

Rehab Experience*

	Rehabs Completed & Exited (Either Sold or Refinanced to long term financing)
Exited in total Ever
Exited since 2012
Exited in the past 36 Months
Exited in the past 24 Months

Property Address*

Street Address

Street Address Line 2

CityState

Zip Code

Property Type*

How many total units make up this Multifamily Property?*

Please upload Rent Roll if Available

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*

	Home Info
# Bedrooms
# Bathrooms
Square Feet

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*

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

Property's current zoning?*

ResidentialCommercialResidential & CommercialOther

Property Occupancy %*

Est 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 any of the Borrower's Residence

(!) 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 they be tracked?*

YesNoOther

Since you selected 'No', please describe how you receive 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) relation-to), and how the family member will be utilizing the property.*

Loan Program Type

Transaction Type*

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?*

Date

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

YesNo

What name or entity 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 both: 1) The Wholesaler and Seller (A-B) & 2) The Borrower and the Wholesaler (B-C)*

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

Purchase Price*

Please list full $ amount and avoid any abbreviations

Original Purchase Price*

Please list full $ amount and avoid any abbreviations

Original Down Payment when acquired*

Please list full $ amount and avoid any abbreviations

Estimated As is Value Today*

Please list full $ amount and avoid any abbreviations

Date you originally acquired the property*

Typically this is the date of the settlement statement if applicable

Total amount of Liens/Debt owed on property*

Please list full $ amount and avoid any abbreviations

Rehab Budget*

Please list full $ amount and avoid any abbreviations

After Repair Value "ARV"*

Please list full $ amount and avoid any abbreviations

Desired Loan amount*

Please list full $ amount and avoid any abbreviations

Desired LTV*

10-100%

Are any architectural plans required for this rehab project?*

YesNo

Do you already have the architectural plans completed and ready to go?*

YesNo

Please upload the completed architectural plans.

Will this property be turned into a different property type?*

YesNo

Please describe how the property will be changed*

Since you selected Refinance "+ Cash Out", please describe how the borrower intends to utilize the cash out proceeds from this transaction.*

Have any renovations been done to the property since the borrower acquired it?*

YesNo

Amount spent on renovations to date*

Please list full $ amount and avoid any abbreviations

Please describe the renovations that have been done to the property*

Borrower(s) total cash/liquidity that can be shown via Bank Statements*

Please list full $ amount and avoid any abbreviations

Borrower(s) total liquidity that can be dedicated to this transaction*

Please list full $ amount and avoid any abbreviations

Has the borrower put any Earnest Money Down (EMD) on the subject property?*

YesNo

EMD Amount*

Please list full $ amount and avoid any abbreviations

Borrower's Exit Strategy*

Sell (Flip)Refinance (Hold)

Rates & Terms the borrower is expecting*

Please describe what your expectations are for this loan

Is the Borrower already working with another broker or lender?*

YesNo

Which brokers/lenders are you already working with on this transaction?*

This may help us avoid any lenders you've already potentially received quotes from

What's special about your deal?

Please verify that you are human*

Submission Time & Date

Date

Hour MinutesAM/PM Option

BORROWER INFO

PROPERTY INFORMATION

LOAN REQUEST INFORMATION