Construction Loan Application

Private/Bridge Construction Loan Application
Loan name (example: Apple Valley Development)*

Is the borrower(s) a US citizen or permanent resident alien?*

Borrower's full name*

First NameLast Name

Co-borrowers full name [if applicable]

First NameLast Name

Borrower's E-mail*
example@example.com

Borrower's phone #*
Please enter a valid phone number.

Borrower's current residence address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Transaction Type*

List other lenders this loan has been submitted to*

If this loan has been turned down by other lenders, please explain why?

Is the borrower current on tax return filings?Extensions for the current tax year are considered current. If the borrower is outside the extension period for any filings, that would not be considered current.*
Has the borrower filed bankruptcy within the last 2 years?*

Has the borrower had a foreclosure or short-sale within the last 2 years?*

Borrower's credit score*

CO-Borrower's middle credit score

Corporate name in which title will be held*

Corporate Entity Address as filed with the secretary of state*

Subject property street address*

Subject property town*

Subject property state (If not in the USA please write International)

What is the property type to be constructed/developed?*
Apartment Building

Number of Units*

Current Percent occupancy if rehab*

Present/Future Occupancy type*

Rental Duration*

What is the requested loan amount?$*

Purchase Date*

Is the property in a rural area?*

Is the property in a declining market?

Borrower's Cash down Available?*

Borrower's Yearly Income?*

"AS IS" property value (if property is currently just land please include just the lands value)*

After Repair/completion property value*

Existing Liens?*

If a cash-out refinance, what is the mortgage balance/s to be paid off? (enter 0 if NA)*

If a cash-out refinance, how many years ago was the property purchased?*

Use of funds breakdown?Please be specific in your description of the use of funds breakdown. Vague explanations such as "to purchase more property" will delay the processing of your application.*

What is the total gross monthly property rent?* (enter 0 if no current rental income)*

What is the total completed construction projected gross monthly property rent?*

How much are the annual property taxes?*

How much is the annual property insurance?Include in this total any condominium fees and common area maintenance fees*

Is the Borrower Experienced in this type of construction/development?*

How many properties have you Fix and flipped, Build New Construction, or Held as Rental in the last 36 Months?*
If a purchase, have you signed a Purchase and sales agreement?*

What type of transactions were they? Fix and flips, rental prop or new construction?*

What is your Exit Strategy? (multiple selections can be selected)*

Property Description (Please include the subject property/or properties legal Description)*
Brief Executive Summary of Your Deal

Schedule of Real Estate (Please include the subject property/or properties legal Description)*
(7mb Limit) Executive Summary Upload

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(7mb Limit) Use of Funds Upload

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(7mb Limit) Schedule of Real Estate Upload (please include value, payoff, purchase price)

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