Borrower Name _______________________________________________________________
Type of property________________________________________________________________
Description of property___________________________________________________________
-How many units
-Purchase price (state PP even if request is for a refinance)
-If re-fi, Purchase date
-If re-fi, sunk (hard cost) rehab amount spent to date?
-Rehab amount or construction budget if ground-up (this means future rehab amount)?
-Expansion, addition or change of use (Y/N)?
-Is it Ground-up (please state if it's a teardown)?
-If Ground-up, permits (Y/N)?
-After Repair Value?
-As Is Value?
-How many fix/flips (or holds with rehab) as a borrower in 3 years?
-How many lifetime?
-How many similar rehab and ARV to subject deal?
-If Ground-up, how many ground-ups lifetime (as a borrower on title)?
-If Ground-up, how many ground-ups of similar size/scope to the subject deal?
-Is borrower a licensed General Contractor (GC)?
-Is borrower a licensed realtor?
-Have had a Bankruptcy, Foreclosure or Mortgage Late in 5 years?
-BK or FC lifetime?
-Any large liens, judgements, or serious felonies that you know of?
-Monthly rent estimate (if refi or flexible exit)
-If re-fi, pay-off?
-Are they current on the pay-off?
-Other important details:
-Is the property rural?
-Is the deal arm’s length (any pre-existing relationship b/w seller and buyer)?
-Is there a wholesaler?
-What is the wholesaler's contract price?
-Is this a condo conversion? If so, is it zoned/approved for condo/s?
-Is the borrower a foreign national?
-If so, do they have two ficos, credit history and proof they'll be in the US for loan life?
-Anything else we should know?