HARD MONEY PRELIMINARY APPLICATION


Thank you for filling out our Hard Money preliminary application.  As you start please be aware of several key factors.  By providing to us as much information as possible you will increase your chances of receiving all of the funding you are looking for.  You must have a registered entity that will be buying/ owns the property you are looking for financing for.  WE DO NOT LOAN ON OWNER OCCUPIED.  Once you fill in this loan app we will contact you within 24 hours to discuss any questions we may have.  At that point you will know what we can do for you and you can make a decision.  We look forward to working with you and building a lasting relationship that will spearhead your investments for the future.

 
Name of your business that will be borrowing the funds to purchase and/or rehab the property.
Provide your business website if you have one. Please place www in front of the website name. For example www.yourbusinesswebsite.com
http://
Name *
Name
Please provide the state(s) you are currently investing in
Please provide the best contact number where we may reach you.
Please provide the best day to reach out to you via phone. Whatever day you pick, will be the day of or following this submission.
Please provide the best time to contact you on the day you selected above (all times are based on EST)
How did you hear about us? *
Please check all that apply
Please type in name and contact information (Phone or Email) of who it was that referred you. This way we can reach out and show our appreciation to that individual
If you selected "Other Website" above, please provide the website(s) that you found us listed on. Please place www in front of every website. For example: www.otherwebsite.com
http://
Details of the Loan
Type of Loan *
Please select the type of loan you are requesting
What is the amount of the purchase or refinance of your property
$
Purpose of Loan *
Please select what the loan will be used for
If "Other" was selected above please describe here the purpose of the loan request
Please provide the estimated amount for rehab/ new construction on the subject property
$
How long do you anticipate the rehab will take, from 1st day of demo until last day of punch out
Please go into detail what your plan is for the rehab/ construction portion of the loan.
Please select how long your are looking to borrow funding from the date you buy all the way until you sale
Details of the Subject Property
Purchase and Sale Agreement
Do you have an executed agreement to purchase the property from the seller?
Please tell us who the seller is
Property Address *
Property Address
Please provide the COMPLETE address of the property you will be collateralizing
Property Liens *
Does the subject property have a 1st position lien against it (We will not consider collateralizing any property that has more than one existing lien)
Please provide the ORIGINAL amount of this lien
$
Please tell us the following information: #1 Lien Holder (Who currently is in 1st position) #2 When did they originate/ give you the loan (Closing date please) #3 How Long was the loan written for #4 How much interest are you paying (APR) #5 How much remaining do you have on the lien? #6 Are there any prepayment penalties, if so how much and for what time frame is it active for
Additional Properties
Do you have additional properties you would be willing to have us collateralize to help you get your loan approved
Details of the Project
Closing Date *
Closing Date
Please provide the date that you will need to close this loan
Please provide the average days on market for a property in this area
Please provide the estimated value of your project after repairs/ construction is complete
$
How much are you looking to borrow for your project.
$
How much liquid capital (cash) do you have in readily accessible accounts. (Proof of this cash may be requested)
$
Exit Strategy *
Please describe how we will get our capital back
If you selected "Other" above please describe your intentions and plan for how we will be paid back
Additional Properties
PLEASE PROVIDE FREE AND CLEAR PROPERTIES FIRST. IF YOU OWN NO FREE AND CLEAR PROPERTIES PLEASE PROVIDE THE PROPERTIES WITH THE GREATEST EQUITY FIRST.
#1 Additional Property Address
#1 Additional Property Address
Please provide COMPLETE property address
#1 Additional Property Lien
Does this additional property have a 1st position lien against it (We will not consider collateralizing any property that has more than one existing lien)
Please provide the ORIGINAL amount of the lien
$
Please tell us the following information: #1 Lien Holder (Who currently is in 1st position) #2 When did they originate/ give you the loan (Closing date please) #3 How Long was the loan written for #4 How much interest are you paying (APR) #5 How much remaining do you have on the lien? #6 Are there any prepayment penalties, if so how much and for what time frame is it active for
Please put in the additional property "as-is", the value it is worth today
$
If this property is currently rented, what is the monthly NET cash flow (this is the amount after paying ALL expenses, the NOI)
$
#2 Additional Property Address
#2 Additional Property Address
Please provide COMPLETE property address
#2 Additional Property Lien
Does this additional property have a 1st position lien against it (We will not consider collateralizing any property that has more than one existing lien)
Please provide ORIGINAL amount of the lien
$
Please tell us the following information: #1 Lien Holder (Who currently is in 1st position) #2 When did they originate/ give you the loan (Closing date please) #3 How Long was the loan written for #4 How much interest are you paying (APR) #5 How much remaining do you have on the lien? #6 Are there any prepayment penalties, if so how much and for what time frame is it active for
Please put in the additional property "as-is", the value it is worth today
$
If this property is currently rented, what is the monthly NET cash flow (this is the amount after paying ALL expenses, the NOI)
$
#3 Additional Property Address
#3 Additional Property Address
Please provide COMPLETE property address
#3 Additional Property Lien
Does this additional property have a 1st position lien against it (We will not consider collateralizing any property that has more than one existing lien)
Please provide the ORIGINAL amount of the lien
$
Please tell us the following information: #1 Lien Holder (Who currently is in 1st position) #2 When did they originate/ give you the loan (Closing date please) #3 How Long was the loan written for #4 How much interest are you paying (APR) #5 How much remaining do you have on the lien? #6 Are there any prepayment penalties, if so how much and for what time frame is it active for
Please put in the additional property "as-is", the value it is worth today
$
If this property is currently rented, what is the monthly NET cash flow (this is the amount after paying ALL expenses, the NOI)
$
Please provide any and all additional pieces of information for us so that we can provide the most comprehensive funding solution for you and your team