New Construction Application

NEW CONSTRUCTION LOAN APPLICATION
YOU ARE APPLYING FOR A GROUND UP CONSTRUCTION LOAN.

This means you own a piece of land and no property is built on the land at all; yet. A ground up construction loan involves starting a building project from a parcel of land and working toward a finished building. This can also be a full tear down and re-build; which we consider a ground up construction loan.

Loan parameters are as follows:

• Final plans and permits must be in place.

• The land must be owned free and clear.

• Land must be shovel ready with all infrastructure in place (i.e. roads, water, electric, gas etc.) We do not provide horizontal infrastructure or land development financing.

• We only provide vertical hard cost financing that works on a reimbursement schedule. This means the client must start the construction with their own funds, and then we will reimburse you in draws ONLY for work completed, and only after a site inspector verifies the completed work. There is no limit to the amount of draws you can request. There is a $200 fee for each site inspector visit. After each site inspection is complete, you will be reimbursed for construction costs within 3-4 business days.

• If this is a PUD (condo, townhome or single family home development) we only lend per property (and only 3-5 at a time) so when applying please only enter numbers for one single home a.k.a the numbers you give us need to be broken down for one single family home (or property).

These rules also apply to ground up construction of properties zoned commercial.
Check here if you are ready to proceed based on the guidelines outlined above*

Yes, I'm ready to proceed

For 1-4 unit investment and Commercial Properties
BORROWER INFO
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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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.*

IRS Issue(s) / LiensTax Lien(s)Judgment(s)Bunkruptcy(ies)Past Chapter Filing(s)Recent or Pending Lawsuit(s)Home Modification(s)Current Delinquent Bill(s)Current or Past Credit Issue(s)Short Sale(s)Other
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*

MonthDayYear
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?*

MonthDayYear
Date
Please elaborate on your Bankruptcy(ies) in detail*
When did this Bankruptcy occur?*

MonthDayYear
Date
Please elaborate on your Past Chapter Filing in detail*
When did this Past Chapter Filing occur?*

MonthDayYear
Date
Please elaborate on your Home Modification in detail*
When did this Home Modification occur?*

MonthDayYear
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?*

MonthDayYear
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?*

MonthDayYear
Date
Has the borrower ever had a Late Mortgage Payment?*

YesNo
When did the most recent Mortgage Late occur?*

MonthDayYear
Date
Has the borrower ever been convicted of a felony?*

YesNo
When did the Felony occur?*

MonthDayYear
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

Does the borrower (or borrowers) have any previous Rehab Experience?*

YesNo

Does the borrower (or borrowers) have any previous New Construction Experience?*

YesNo

PROPERTY INFORMATION
Property (Lot) Address*

Street Address

Street Address Line 2

CityState

Zip Code
Property Type being built*
Will the home be affixed to a permanent foundation?*

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

Property's current zoning?*

ResidentialCommercialResidential & CommercialOther
Is the property correctly zoned for the intended project?*

YesNo
Property's total acreage*
Monthly Property Taxes*
Monthly Insurance Cost*
Is there/will there be an HOA where this property is located?*

YesNo
Monthly HOA Fee*
How will the Borrower(s) intend to Occupy or Utilize the property once built?*

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%
LOAN REQUEST INFORMATION
Loan Program Type
Transaction Type*
Realistically, when do you need to close by?*

Within 5 Days1-2 Weeks2-3 Weeks3-4 Weeks4+ WeeksOther
Since your on a time crunch, what is the Exact Date that you need to close by at the very latest?*

MonthDayYear
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?*

MonthDayYear
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*

MonthDayYear
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
Construction Budget*
Please list full $ amount and avoid any abbreviations
Value of property once built*
Please list full $ amount and avoid any abbreviations
Desired Loan amount*
Please list full $ amount and avoid any abbreviations
Desired LTV*
10-100%
Are there already approved plans and permits on the land?*

YesNo
Please upload the completed plans.

Cancelof
Since you selected Refinance "+ Cash Out", please describe how the borrower intends to utilize the cash out proceeds from this transaction.*
Have any improvements been made to the property since the borrower acquired it?*

YesNo
Amount spent on improvements / horizontal costs to date*
Please list full $ amount and avoid any abbreviations
Please describe the improvements 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
# of months it will take to complete the project*
Borrower's Exit Strategy*

Sell (Flip)Refinance (Hold)
# of months you anticipate it will take to sell once built*
# of months you anticipate it will take to stabilize & rent once built*
Rates & Terms the borrower is expecting*
Best available to me based on my CredentialsPlease 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

MonthDayYear
Date
Hour MinutesAM/PM Option
Should be Empty:

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

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

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

	Rehabs Completed & Exited (Rehabbed & Sold/Refinanced)
Exited in total Ever
Exited since 2012
Exited in the past 36 Months
Exited in the past 24 Months

	New Construction Projects Completed & Exited (Built and Sold/Refinanced)
Completed in total Ever
Completed since 2012
Completed in the past 36 Months
Completed in the past 24 Months

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

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

	Home Info
# Bedrooms
# Bathrooms
Square Feet

	# Bedrooms	# Bathrooms	Unit SF
Unit 1
Unit 2

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

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

NEW CONSTRUCTION LOAN APPLICATION

BORROWER INFO

PROPERTY INFORMATION

LOAN REQUEST INFORMATION