Refinance a Portfolio of Properties in Benton harbor , Michigan Shareable Link: https://privatelenderlink.com/loan/1548369328/ Contact Deal Overview Loan Info Final Details The Story & Summary Contact What's your First Name? * What's your Last Name? * What's your Company Name? What's your email address? * What's your phone number? * What is your primary role in this loan request? * BorrowerBrokerOther Broker Role Group Are any other brokers involved in this deal? * YesNo Do you have a direct relationship with the borrower? * YesNo Are you working with the borrower on an exclusive basis? * YesNo Have you closed another loan with the borrower in the past? * YesNo Note Please note: Many of the following questions are directed to the Borrower, but you can answer them on behalf of the Borrower. Other Role Group What is your role? * Note Please note: Many of the following questions are directed to the Borrower, but you can answer them on behalf of the Borrower. Deal Overview How much would you like to borrow? * $ What is the property's current market value as-is? * $ City * State * Select...AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingWe can only assist with properties located in the USA. How would you describe the location? * Select...UrbanSuburbanRural How would you describe the current condition of the property? * Select...Brand New BuildNewly RenovatedExcellentGoodFairPoorNot ApplicableVacant LandI don't know Which asset class is the subject property? * Residential Property Commercial PropertyIf your loan will NOT be secured by real estate, please exit this form and contact Private Lender Link’s support team for assistance Loan Info What type of residential property? * Select...Single Family ResidenceTownhomeCondominiumCondotelCooperativeDuplexTriplexFourplexManufactured HomeMobile HomeMixed-UseLandRanchMultiple PropertiesResidential DevelopmentTiny HomesCabinsIf a subject property has more than 5 units, go back and select Commercial Property. Will the loan be secured by more than one property? Select...NoYesMaybe How many properties will secure the loan? Describe all the properties that will secure the loan. How many residential units? * What % of the property square footage is residential? % How many commercial units? What % of the property square footage is commercial? % How many bedrooms? How many bathrooms? Land What is the current zoning for the land? Select...Single Family Residence2 units3 units4 unitsMultifamilyOfficeRetailIndustrialMixed-UseAgriculturalOther Other land zone name What is the land’s entitlement status? * Select...EntitledNot entitled What type of improvements does the land have? Street Access Electricity Gas Water Communication Residential Structure Commercial Structure Does the land consist of more than one parcel? * YesNo Does the land currently generate income? * YesNo How much income does the land generate each month? $ What is the purpose of the loan? * Select...Purchase an Investment PropertyPurchase & Rehab an Investment PropertyPurchase Land & Build an Investment PropertyPurchase a Portfolio of Rental PropertiesRefinance an Investment PropertyRehab an Investment Property (already owned)Build an Investment Property (already own land)Refinance a Portfolio of Rental PropertiesPurchase a Home to Live InRefinance a Primary ResidenceRehab a Primary Residence (already owned)Build a Primary Residence (already own land) Residential Refinance Within what timeframe did you initally purchase the property? Select...1 month3 months6 months1 year2 years3 years5 years10 years15 years20 yearsMore than 20 years ago What was the initial purchase price? $ Are there any existing mortgages on the subject property? * No 1st Mortgage 2nd Mortgage 3rd Mortgage 4th Mortgage What is the balance of the 1st Mortgage? * $ Will this 1st mortgage be refinanced? * Select...YesNo, I’m not willing to refinance the 1st mortgageI’d like to keep the 1st mortgage, if possible What is the balance of the 2nd Mortgage? * $ Will this 2nd mortgage be refinanced? * Select...YesNo, I’d like to keep the 2nd mortgage, if possible What is the balance of the 3rd Mortgage? * $ Will this 3rd mortgage be refinanced? * Select...YesNo, I’d like to keep the 3rd mortgage, if possible What is the balance of the 4th Mortgage? * $ Is your loan in default? * YesNo Is your loan in forclosure? * YesNo Are you looking to cash out equity with this refinance loan? * Select...YesNo How will the cash-out funds be used? * Improve the subject property Invest in another property Invest in a business Business working capital Personal use Other Please provide more details on the use of the cash-out funds. * Do you have a recent valuation? * YesNo What type of valuation was done? * Select...Standard AppraisalDesktop AppraisalAutomated Valuation Model (AVM)Broker Price Opinion (BPO)Other When was the valuation done? * Select...In the past 30 daysIn the past 3 monthsIn the past 6 monthsIn the past 12 monthsMore than a year ago What is the current occupancy status of the property? * Select...VacantLeased to a single tenantLeased to multiple tenantsIt’s a short-term / vacation rentalI occupy the entire property as a primary residenceI occupy the entire property as a 2nd homeI occupy one unit and lease the restI occupy one bedroom and lease the othersI occupy one unit and operate a short-term / vacation rentalOccupied by a family member What is the monthly rental income? * $ What is your exit strategy for the loan? * Select...RefinanceSell the subject propertyPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...Within 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days Purchase Group You're seeking a 1st mortgage, right? * Select...YesNo, another lender will be in senior position Has a subject property been identified? * Select...YesYes, and it’s under contractNot Yet What is the current occupancy status? * Select...VacantOccupied by the sellerTenant-occupiedPartially tenant-occupied What is the current monthly rental income? $ Will you keep the existing tenants after the purchase? * Select...YesNo, they are planning to move outNo, I will try to evict themI’m not sure What is the purchase price? * $ What percentage of the purchase price can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 0% What percentage of the purchase price can you contribute text Minimum Down Payment Guide Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property. Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property. DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score. Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget. Are you seeking 100% financing for the purchase? * Select...Yes, I don’t want to put any cash into the dealYes, the purchase price is way below market valueYes, the seller will finance the rest in junior lien positionYes, another lender will fund the gap in junior lien positionYes, but I can put down some cash if required What is the source of your contribution to the purchase price? * My own cash My partner’s cash Equity in another investment property Equity in my primary residence Equity in the subject property Seller financing I raised capital from multiple equity investors Friends & family money Not applicable, I’m not contributing to the purchase price What is the current market value of the property that has equity? * $ What is the balance of all mortgages on that property? * $ Please provide additional details about the other property which has equity. *Property type, occupancy status, address, rental income, etc. When do you need to close the transaction? * Select...We have scheduled a closing dateWithin 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days What is the scheduled closing date? * What is the plan immediately after the purchase? * Select...Rehab the propertyBuild a new propertyRent the propertyRent the property to a family memberOccupy the entire propertyResell the property as-is without doing any renovationOther What is the estimated after-repair value (ARV)? * $ What is your plan for the property once rehab is completed? * Select...Sell the propertyLease the propertyOperate a short-term / vacation rentalOccupy the entire property as a primary residenceOccupy the entire property as a 2nd homeOccupy one unit and lease the restOccupy one bedroom and lease the othersOccupy one unit and operate a short-term / vacation rental How much do you think the property will be worth upon completion? * $ Do you already have a buyer under contract? * YesNo What is your plan for the property once construction is completed? * Select...Sell the propertyLease the propertyOperate a short-term / vacation rentalOccupy the entire property as a primary residenceOccupy the entire property as a 2nd homeOccupy one unit and lease the restOccupy one bedroom and lease the othersOccupy one unit and operate a short-term / vacation rental Other Plan * What is the projected monthly rental income? * $ How will the property be rented? * Select...Annual lease agreementMonthly lease agreementOperate a short-term / vacation rentalOccupy one unit and lease the restOccupy one bedroom and lease the othersOccupy one unit and operate a short-term / vacation rental How many other short-term rentals do you own? * Will you hire a management company for this rental? * YesNo Would you like the loan to include funds for the rehab project? * YesNo Would you like the loan to include funds for the construction project? * YesNo Residential Rehab Do you have a rehab budget? * YesNo What’s the estimated rehab cost? * $ What is the estimated after-repair value (ARV)? * $ How many property rehab projects have you completed in the past 2 years? * Select...012345678910+ Do you have any related experience? * Select...General ContractorSub-ContractorArchitectReal Estate AgentProperty ManagementMortgage ProfessionalOther Other Experience * Do you have a team ready to work on the project? * Select...Yes, I will hire subcontractors and manage the projectYes, I will hire a general contractorYes, I am the general contractorNot Yet How would you describe the rehab project? * Select...Heavy RehabLight RehabCosmetic Will your rehab project include any of the following? Remove walls Add square footage Add bedroom(s) Add bathroom(s) Add a story (floor) Accessory Dwelling Unit (ADU) How many square feet will be added? * How many bedrooms will be added? * How many bathrooms will be added? * Would you like to share additional details about the project? What is your plan for the property once rehab is completed? * Select...Sell the propertyLease the propertyOperate a short-term / vacation rentalOccupy the entire property as a primary residenceOccupy the entire property as a 2nd homeOccupy one unit and lease the restOccupy one bedroom and lease the othersOccupy one unit and operate a short-term / vacation rental What is the anticipated sale price? * $ Do you already have a buyer under contract? * YesNo What is the projected monthly rental income? $ How many other short-term rentals do you own? * Will you hire a management company for this rental? * YesNo Owner Occupied What is your household’s monthly income (per month)? * $ What type of income does your household earn? * Self employment Full-time employment Part-time employment Gig work Investments Accessory dwelling unit (ADU) Room rentals in my home Social Security Pension Disability Military Alimony Child support Other How much do you earn from self-employment (per month)? $ Have you been self-employed for more than 2 years? * YesNo How much do you earn from full-time employment (per month)? * $ Have you been employed for more than 2 years consistently? * Select...Yes, with the same employerYes, with multiple employersNo, I had gaps in employment the past 2 years How much do you earn from part-time employment (per month)? * $ How much do you earn from gig work (per month)? * $ How much do you earn from investments (per month)? * $ How much do you earn from the ADU at your home (per month)? * $ How much do you earn from room rentals in your home (per month)? * $ How much do you earn from pensions (per month)? * $ How much do you earn for social security (per month)? * $ How much do you earn for disability (per month)? * $ How much do you earn from the military (per month)? * $ How much do you earn for alimony (per month)? * $ How much do you earn for child support (per month)? * $ How much is your total other income (per month)? * $ Provide details about your other income with a breakdown of the monthly amounts: * Residential Construction What type of residential property will be built? * Select...Single Family ResidenceTownhomesCondominiumDuplexTriplexFourplex How many units will be built? * What is the current status of the project? * Select...Still in the planning phaseIt’s shovel-ready, I have building permitsThe project is partially completed How much of the project is completed? * % Do you have a construction budget? * YesNo What’s the estimated construction cost? * $ How much do you think the property will be worth upon completion? * $ What percentage of the construction budget can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 5% 0% Are you seeking 100% of the construction budget to be financed? * Yes, I want the lender to fund the entire budgetYes, but I can contribute some cash if required How many ground-up construction projects have you completed in the past 2 years? * Select...012345678910+ Do you have any related experience? * Select...Property Rehab InvestmentsGeneral ContractorSub-ContractorArchitectReal Estate AgentProperty ManagerMortgage ProfessionalOther Other Experience * Do you have a team ready to work on the project? * Select...Yes, I will hire subcontractors and manage the projectYes, I will hire a general contractorYes, I will be the general contractorNot Yet Would you like to share additional details about the project? What is your plan for the property once construction is completed? * Select...Sell the propertyLease the propertyOperate a short-term / vacation rentalOccupy the entire property as a primary residenceOccupy the entire property as a 2nd homeOccupy one unit and lease the restOccupy one bedroom and lease the othersOccupy one unit and operate a short-term / vacation rental Do you already have a buyer under contract? * YesNo What is the projected monthly rental income? $ How many other short-term rentals do you own? * Will you hire a management company for this rental? * YesNo Portfolio Purchase How many properties are in the portfolio? * How many total units in the portfolio? What types of properties are in the portfolio? * Single Family Residence Condominium Duplex Triplex Fourplex Multifamily Commercial Land Other How many single family homes? * How many condominium units? * How many duplexes? * How many Triplexes? * How many fourplexes? * How many multifamily properties? * How many multifamily units collectively? * How many commercial properties? * How many commercial units collectively? * How many parcels of land? * What is the occupancy rate of the entire portfolio? % What is the annual rental income for the entire portfolio? $ What is the purchase price $ You're seeking a 1st mortgage, right? * Select...YesNo, another lender will provide the 1st mortgage What percentage of the purchase price can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 0% Minimum Down Payment Guide Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property. Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property. DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score. Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget. Are you seeking 100% financing for the purchase? * Yes, I don’t want to put any cash into the deal Yes, the purchase price is way below market value Yes, the seller is financing a 2nd mortgage Yes, another lender will fund the gap in 2nd lien position Yes, but I can put down some cash if required What is the source of your contribution to the purchase price? * My Own Cash My Partner’s Cash Equity in Another Investment Property Equity in a Primary Residence Equity in the Subject Property Seller Financing I raised capital from multiple equity investors Friends & Family money Not Applicable - I’m not contributing to the purchase price What is your exit strategy for the loan? * Select...RefinanceSell the entire portfolioSell some of the propertiesPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...We have scheduled a closing dateWithin 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days What is the scheduled closing date? * Residential Portfolio Refinance How many properties are in the portfolio? * How many total units in the portfolio? What types of properties are in the portfolio? * Single Family Residence Condominium Duplex Triplex Fourplex Multifamily Commercial Land Other How many single family homes? * How many condominium units? * How many duplexes? * How many triplexes? * How many fourplexes? * How many multifamily properties? * How many multifamily units collectively? * How many commercial properties? * How many total commercial units? * How many parcels of land? * What is the occupancy rate of the entire portfolio? % What is the annual rental income for the entire portfolio? $ Are there any existing mortgages on the portfolio? * No 1st Mortgage 2nd Mortgage Whatis the balance of the 1st Mortgage? * $ Will this 1st mortgage be refinanced? * Select...YesNo, I’m not willing to refinance the 1st mortgageI’d like to keep the 1st mortgage, if possible What is the balance of the 2nd Mortgage? * $ Are you looking to cash out equity with this refinance loan? Select...YesNo, just refinance the existing mortgage How will the cah-out funds be used? * Improve Subject Property Invest in Another Property Invest in a Business Business Working Capital Personal Use Please provide more details on the use of the cash-out funds. What is your exit strategy for the loan? * Select...RefinanceSell the entire portfolioSell some of the propertiesPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...Within 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days What type of commercial property? * Select...MultifamilyOfficeRetailIndustrialMixed-UseLandHospitalityHealthcareStorage FacilityAutomotiveAgriculturalGround LeaseMultiple PropertiesOther Will the loan be secured by more than one property? Select...NoYesMaybe How many properties will secure the loan? Describe all the properties that will secure the loan. Multifamily Property Which type of multifamily property? * Select...ApartmentsTownhomesCondominiumGovernment Subsidized ApartmentsSenior HousingStudent HousingManufactured HousingMobile HomesTiny HomesOther How many units does the property have? * Office Property Which type of office property? * Select...Office CondoOffice BuildingMedical OfficeOffice Business ParkOffice R&DOffice WarehouseGovernment OfficeOther How many units does the property have? * Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Retail Property Which type of retail property? * Select...Street RetailFree Standing BuildingCommunity CenterRetail CondoStrip CenterNeighborhood CenterOutlet CenterPower CenterRegional CenterSpecialty CenterAnchorGas StationCar WashVehicle-RelatedRestaurantBarGymEntertainmentChild Day CareSenior Day CarePost OfficeRetail PadOther How many units does the property have? * Will the property be used by a cannabis business? * Select...Yes, the entire property will be cannabis useYes, the majority of the property will be cannabis useYes, a small percentage will be cannabis useNo Do you have any ownership in the cannabis business that will occupy the property? * Select...YesNo, I will only be a landlord to the cannabis business Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Industrial Property Which type of industrial property? * Select...WarehouseIndustrial CondoIndustrial Business ParkFlex SpaceIndustrial ShowroomManufacturingR&DTransportation HubMini Storage FacilityDistribution WarehouseCold StorageOther How many units does the property have? * Will the property be used by a cannabis business? * Select...Yes, the entire property will be cannabis useYes, the majority of the property will be cannabis useYes, a small percentage will be cannabis useNo Do you have any ownership in the cannabis business that will occupy the property? * Select...YesNo, I will only be a landlord to the cannabis business Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Mixed-Use Property Which types of units does the property have? * Residential Office Retail Industrial Hospitality Healthcare Storage Facility Automotive Other Other type of unit * How many residential units? * How many office units? * How many retail units? * How many industrial units? * How many hospitality units? * How many healthcare units? * How many storage units? * How many automotive units? * Please describe the unit mix and sizes: How many units does the property have? * Land Property What is the current zoning for the land? Select...Single Family Residence2 units3 units4 unitsMultifamilyOfficeRetailIndustrialMixed-UseAgriculturalOther What is the land's entitlement status? * Select...EntitledNot entitled What type of improvements does the land have? Street Access Electricity Gas Water Communication Residential Structure Commercial Structure Does the land consist of more than one parcel? * YesNo Does the land currently generate income? * YesNo How much income does the land generate (per month)? * $ Will the property be used by a cannabis business? * Select...Yes, the entire property will be cannabis useYes, the majority of the property will be cannabis useYes, a small percentage will be cannabis useNo Do you have any ownership in the cannabis business that will occupy the property? * Select...YesNo, I will only be a landlord to the cannabis business Hopitality Property Which type of hospitality property? * Select...Full Service HotelLimited Service HotelEconomy HotelFurnished ApartmentsBed and BreakfastHostelSingle Room Occupancy (SRO)Transient HotelCasino HotelVacation Interval (Timeshare)Other Is the hotel currently flagged? * Select...Yes, it’s flagged with a major hotel groupNo, it’s independentNo, it’s independent but planning to be flagged soon What is the average occupancy rate? % How many units does the property have? * Healthcare Property Which type of healthcare property? * Select...Assisted Living FacilityRehabilitation FacilitySkilled Nursing FacilityAdult Day CareClinicHospitalOther How many units does the property have? * Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Storage Property Which type of storage facility? * Select...Self-Storage FacilityVehicle StorageCold StorageWine StorageOther How many units does the property have? * Automotive Property Which type of automotive property? * Select...Auto RepairAuto BodyAuto DealershipCar WashGas StationTruck StopRV ParkOther How many units does the property have? * Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Agricultural Property Is the property currently being used? * Select...Yes, the property is owner-operatedYes, the property is leasedNo, the property is vacant Which types of business or crops? * Cattle Cannabis Citrus Grove Corn Cotton Dairy Equestrian Hemp Melons Peach Nuts Pig Potatoes Poultry Row Crops Tree Nuts Vegetables Other Are there any buildings on the property? * YesNo What types of buildings? * Barn Greenhouse Warehouse Residence Other Will the property be used by a cannabis business? * Select...Yes, the entire property will be cannabis useYes, the majority of the property will be cannabis useYes, a small percentage will be cannabis useNo Do you have any ownership in the cannabis business that will occupy the property? * Select...YesNo, I will only be a landlord to the cannabis business Will you occupy the property for your own business use? * Select...Yes, the entire property will be owner-userYes, more than 50% of the property will be owner-userYes, less than 50% of the property will be owner-userNo, the entire property will be leased Ground Lease Property How many years remaining on the lease? * How many years was the original lease term? Is there an extension option on the lease? * YesNoI don't know What type of building sits on the property? * Select...OfficeRetailIndustrialHospitalityHealthcareStorage FacilityAutomotiveAgriculturalOther Other Property Which type of specialty property? * Select...Mobile Home ParkRV ParkParking LotParking GarageSchoolChild Day CareRehabilitation FacilityEquestrian FacilityRanchSports FacilityChurchTempleSynagogueMosquePlace of WorshipCommunity CenterRecreational FacilityFilm StudioRace TrackTimberlandMarinaClubNight ClubTheaterCinemaGolf CourseWineryOther Does the property generate income? * Select...Yes, and I have the numbersYes, but I don’t have the numbersNo, it is currently vacantNo, the entire property is owner-userNo, the property cannot generate income What is the annual net operating income? $ What’s the gross annual rental revenue, before expenses? $ What is the cap rate? % Are there any environmental issues with the property? * YesNoI’m not sure What is the purpose of the loan? * PurchasePurchase & RehabPurchase Land & Build a PropertyPurchase a Portfolio of PropertiesRefinanceRehab a Property (already owned)Build a Property (already own land)Refinance a Portfolio of Properties Commercial Purchase You're seeking a 1st mortgage, right? * Select...YesNo, another lender will be in senior position How much is the senior lender funding? * $ What type of junior financing are you seeking? * Select...2nd mortgageMezzaninePreferred EquityEquity Joint Venture What is the current occupancy status? * Select...VacantOccupied by the sellerTenant-occupiedPartially tenant-occupied Has a subject property been located? * Select...YesYes, and it’s under contractNot Yet What is the monthly rental income? * $ Will you keep the existing tenants after the purchase? * Select...YesNo, they are planning to move outNo, I will try to evict themI’m not sure What is the purchase price? * $ What percentage of the purchase price can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 0% Minimum Down Payment Guide Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property. Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property. DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score. Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget. Are you seeking 100% financing for the purchase? * Select...Yes, I don’t want to put any cash into the dealYes, the purchase price is way below market valueYes, the seller have a junior lienYes, another lender will fund the gap in junior lien positionYes, but I can put down some cash if required What is the source of your contribution to the purchase price? * My own cash My partner’s cash Equity in another investment property Equity in my primary residence Equity in the subject property Seller financing I raised capital from multiple equity investors Friends & family money Not applicable, I’m not contributing to the purchase price What is the current market value of the property that has equity? * $ What is the balance of all mortgages on that property? * $ Please provide additional details about the other property which has equity. *Property type, occupancy status, address, rental income, etc. When do you need to close the transaction? * Select...We have scheduled a closing dateWithin 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days What is the scheduled closing date? * What is the plan immediately after the purchase? * Select...Rehab the entire propertyRehab part of the propertyBuild a new propertyLease up the propertyNothing, the property is 100% tenant-occupiedOccupy the entire propertyOccupy more than 50% and lease the restOccupy less than 50% and lease the restResell the property as-is without doing any renovationOther What is the estimated after-repair value (ARV)? * $ What is your plan for the property once the rehab is completed? * Select...Sell the propertyLease the propertyOccupy the property How much do you think the property will be worth upon completion? * What is your plan for the property once construction is completed? * Select...Sell the propertyLease the propertyOccupy the property Would you like the loan to include funds for the rehab project? * YesNo Would you like the loan to include funds for the construction project? * YesNo Commercial Rehab Do you have a rehab budget? * YesNo What’s the estimated rehab project cost? * $ What is the estimated after-repair value (ARV)? * $ How many property rehab projects have you completed in the past 2 years? * Select...012345+ Do you have any related experience? * Select...General ContractorSub-ContractorArchitectReal Estate AgentProperty ManagementMortgage ProfessionalNoneOther Do you have a team ready to work on the project? * Select...Yes, I will hire subcontractors and manage the projectYes, I will hire a general contractorYes, I am general contractorNot Yet How would you describe the rehab project? * Select...Heavy RehabLight RehabCosmetic Please share additional details about the rehab project. What is your plan for the property once the rehab is completed? * Select...Sell the propertyLease the propertyOccupy the property Do you already have a buyer under contract? * YesNo What is the projected monthly rental income (per month)? $ Commercial Portfolio Purchase How many properties are in the portfolio? * How many total units in the portfolio? What types of properties are in the portfolio? * Multifamily Office Retail Industrial Mixed-Use Hospitality Healthcare Storage Facility Automotive Residential Land Other How many multifamily properties? * How many office properties? * How many retail properties? * How many industrial properties? * How many mixed-use properties? * How many hospitality properties? * How many healthcare properties? * How many storage facility properties? * How many automotive properties? * How many residential properties? * How many parcels of land? * What is the occupancy rate of the entire portfolio? % What is the annual rental income for the entire portfolio? $ What is the purchase price? * $ You're seeking a 1st mortgage, right? * Select...YesNo, another lender will provide the 1st mortgage What percentage of the purchase price can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 0% Minimum Down Payment Guide Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property. Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property. DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score. Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget. Are you seeking 100% financing for the purchase? * Yes, I don’t want to put any cash into the deal Yes, the purchase price is way below market value Yes, the seller is financing a 2nd mortgage Yes, another lender will fund the gap in 2nd lien position Yes, but I can put down some cash if required What is the source of your contribution to the purchase price? * My Own Cash My Partner’s Cash Equity in Another Investment Property Equity in a Primary Residence Equity in the Subject Property Seller Financing I raised capital from multiple equity investors Friends & Family money Not Applicable - I’m not contributing to the purchase price What is your exit strategy for the loan? * Select...RefinanceSell the entire portfolioSell some of the propertiesPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...We have scheduled a closing dateWithin 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 days What is the scheduled closing date? * Commercial Portfolio Refinance How many properties are in the portfolio? * How many total units in the portfolio? What types of properties are in the portfolio? * Multifamily Office Retail Industrial Mixed-Use Hospitality Healthcare Storage Facility Automotive Residential Land Other How many multifamily properties? * How many office properties? * How many retail properties? * How many industrial properties? * How many multi-use properties? * How many hospitality properties? * How many healthcare properties? * How many storage properties? * How many automotive properties? * How many residential properties? * How many parcels of land? * What is the occupancy rate of the entire portfolio * % What is the annual rental income for the entire portfolio? $ Are there any existing mortgages on the portfolio? * No 1st Mortgage 2nd Mortgage What is the balance of the 1st Mortgage? * $ Will this 1st mortgage be refinanced? * Yes No, I’m not willing to refinance the 1st mortgage I’d like to keep the 1st mortgage, if possible What is the balance of the 2nd Mortgage? * $ Are you looking to cash out equity with this refinance loan? * Select...YesNo, just refinance the existing mortgage How will the cash-out funds be used? * Improve Subject Property Invest in Another Property Invest in a Business Business Working Capital Personal Use Please provide more details on the use of the cash-out funds: 1580 greenly ave 49022 Free and clear mixed use Current status ✓ the property is before building commission for replat 1 acre into 3-8 lots for New construction expansion on extra lots pre-appraised $ 309-339,000 all in cost $150.00 a sqft land owners free and clear 1500-1700 sqft 3 floor plans blueprints already purchased existing house is gutted and waiting for Financing to be ready when the snow melts Rehab + capital +Financing $190,000.00 rehab 4400sqft Str $35,000.00 cash outlay tax debt and cash to fund first $225,000 loan+ 10% contingency Arv $550,000 20% less arv after licensed as A STR COMPLEX $200X4400 sqft refi @880k Avg Net Str data $200k+ per season + expansion Exit @ 24-36mths Sales x 2.5= 1.3million eval commercial     One each lot or just the pre existing and 2 more of these doesn’t matter it’s. A prime IVP WITH A VERY LOW RISK THRESHOLD Current floor plans, we have 2 existing commercial buildings 1 @100% occupied 7 unit, 2 @100 unit hotel Reno Under land owner contract NDA required, identified 4 STR sites current letter of intent filed negotiation a underway totaling 48 acres under contract or in the process of being purchased 48 acres is before city council with the support of local stakeholders to build affordable housing first project 200 doors 54million in gross sales within 3-5 years 15.4mil projected gross net Here’s what I have and need #622 e high st 115,500 Loan cash out owned free and clear estate and llc Use of funds< property taxes ,credit repair minor, balance books, medical bills for cancer trial , amount 30k Acquire 858 PIPESTONE IVP 7 unit commercial residential immediate cash flow. $all in 165,000 60k rehab and upgrades Left over capital allotted for IVP’s in Houston market currently identified 2 IVP’s 90 day turn around DSCR 1.5 earning 500per month per property NET ROI WILL funnel profits back to 49022 developments #1580 greenly ave Reno 0 balance ARV 550,000 Reno$ 225,000 STR sleeps 20 AIRDNA 150k pyr need 225k/ projected completion 6-8 months for preexisting property to maturing from burn to earning capital #837 Allen st pay off balance 32k arv 150k rehab 30k extra cash out 30k place on Str 3-4 month before maturing from burn to earn. sell + cash flow What is your exit strategy for the loan? * Select...RefinanceSell the entire portfolioSell some of the propertiesPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...We have a scheduled closing dateWithin 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days What is the scheduled closing date? * Commercial Refinance Within what timeframe did you initally purchase the property? Select...1 month3 months6 months1 year2 years3 years5 years10 years15 years20 yearsMore than 20 years ago What was the initial purchase price? $ Are there any existing mortgages on the subject property? * No 1st Mortgage 2nd Mortgage 3rd Mortgage 4th Mortgage What is the balance of the 1st Mortgage? * $ Will this 1st mortgage be refinanced? * Select...YesNo, I’m not willing to refinance the 1st mortgageI’d like to keep the 1st mortgage, if possible What is the balance of the 2nd Mortgage? * $ Will this 2nd mortgage be refinanced? * Select...YesNo, I’d like to keep the 2nd mortgage, if possible What is the balance of the 3rd Mortgage? * $ Will this 3rd mortgage be refinanced? * Select...YesNo, I’d like to keep the 3rd mortgage, if possible What is the balance of the 4th Mortgage? * $ Is your loan in default? * YesNo Is your loan in forclosure? * YesNo Are you looking to cash out equity with this refinance loan? * Select...YesNo How will the cash-out funds be used? * Improve the subject property Invest in another property Invest in a business Business working capital Personal use Other Please provide more details on the use of the cash-out funds. Executive Summary I need several projects funded starting with P1 owned free and clear need 115000cash out as is 145000 arv 165000 P2 35000 cash on top of 200000rehab loan ARV 550,000 P3 need 30000 cash out 30000 rehab and 30000 1st mortgage payoff arv 185000 Exit plan on cash loaned expected schedule of repayment+ ROI _18_24months + 1 point Bonus self performance commission, to loan broker certified appraisal done in June 23 LOAN Capital USE LEVERAGE TO PURCHASE AS IS PROPERTIES in Michigan and Texas Houston set to close 02/29/2024 Our Construction division currently has 150,000 in building supplies utilizing my material surplus.for rehab will increase my NETk30 per deal my estimated construction 60-90days our goal is to quick sale fix flip and refinance and hold STR AND LTR Investment ACQUISITION project 2.) 858 pipestone 49022 Multi family currently 7 units and 1 barbershop/salon ARV 500000 160000pp REHAB CONSTRUCTION 200000 CURRENTLY EARNING 3500 a month will increase to 7000 a month after new units are up new units will 8 increase value to 1 million Development pipeline 1/2 +acre three properties. The greenly development is before zoning board once approved we submit the survey for future subdivision site, prep permiting and construction 1580 greenly will be the first build site. Rehab existing property 2063 sqft 1000sqft unfinished basement and 700 sqft garage Proposed {remodel house 5/2.5 /{finish basement 3 bedroom 1.5 baths{garage concrete slab build up 2 levels 2/2 with garage and 1000sqft living space { phase 1 .5 acre + replat build per approve plans 4-8 units Blue prints have been acquired in cue the next step is build on however may lots we are able to replat the 1/2 acre site plan in place We are at the step of rezoning and permitting greenly ave I’m currently $528,000 invested in the total 180 door phased in stages 5 yr 38-54 million dollar development plan The certified Apprasial new build per plans 339k retail va We will be marketing presale prices avg 250 to a brokerage - $279,000 client early buy in . We will develop Phase 1 and 2 Development Stages Greenly 1st phase 6mnths 1.4 - 2million gross 39000 sqft 4-8 doors Invest property circle k 14months 2nd phase 2-4million gross 87000 sqft. Sqft 16 doors 3rd.phase 2yrs 38-54 million gross 1,350,000 sqft 180 doors Do you have a recent valuation? * YesNo What type of valuation was done? * Select...Standard AppraisalDesktop AppraisalAutomated Valuation Model (AVM)Broker Price Opinion (BPO)Other When was the valuation done? * Select...In the past 30 daysIn the past 3 monthsIn the past 6 monthsIn the past 12 monthsMore than a year ago What is the current occupancy status of the property? * Select...VacantLeased to a single tenantLeased to multiple tenantsI occupy the entire propertyI occupy more than 50% of the propertyI occupy less than 50% of the property What is your exit strategy for the loan? * Select...RefinanceSell the subject propertyPay off with proceeds from the sale of another propertyPay off with proceeds from a businessPay down throughout the term of the loan When do you need to close the transaction? * Select...Within 10 daysWithin 20 daysWithin 30 daysWithin 45 daysWithin 60 daysWithin 90 days Commercial Construction What type of property will be built? * Select...MultifamilyOfficeRetailIndustrialMixed-UseHospitalityHealthcareStorage FacilityAutomotiveAgriculturalCannabis Grow FacilityResidentialOther How many units will be built? * What is the current status of the project? * Select...Still in the planning phaseIt’s shovel-ready, I have building permitsThe project is partially completed How much of the project is completed? * % Do You Have a Construction Budget? * YesNo What’s the Estimated Construction Cost? * $ How much do you think the property will be worth upon completion? * $ What percentage of the construction budget can you contribute? * 50% 40% 35% 30% 25% 20% 15% 10% 5% 0% Are you seeking 100% of the construction budget to be financed? * Yes, I want the lender to fund the entire budget Yes, but I can contribute some cash if required How many ground-up construction projects have you completed in the past 2 years? * Select...0123+ Do you have any related experience? * Select...Property Rehab InvestmentsGeneral ContractorSub-ContractorArchitectReal Estate AgentProperty ManagerMortgage ProfessionalNoneOther Do you have a team ready to work on the project? * Select...Yes, I will hire subcontractors and manage the projectYes, I will hire a general contractorYes, I will be the general contractorNot Yet Please share additional details about the project. What is your plan for the property once construction is completed? * Select...Sell the propertyLease the propertyOccupy the property Do you already have a buyer under contract? * YesNo What is the projected monthly rental income? * $ Final Details How long of a loan term are you seeking? * 1 month 3 months 6 months 12 months 18 months 24 months 3 years 5 years 10 years 30 years Can you provide the property address? * Select...YesYes, but the loan request includes multiple propertiesNo, I want to keep it private for nowNo, I don’t have the addressNo, but I can provide the APN Number What is the subject property’s address? * If the property has a unit number or other identifier, please enter it here: What are all the subject property addresses? 1580 greenly ave free and clear need rehab 225000 arv 550000 837 Allen dr 30k mortgage pay off need rehab 30k arv 185000 622 e high st free and clear could use minor updates 17k as is 145000 arv 200000 858 pipestone acquisition need 160000 rehab 200000 If you cannot provide the address, at least provide the zip code. * If you have the APN Parcel ID number, please enter it here: What is the size of the lot(acres)? What is the square footage of the building(s)? How would you rate your credit? * Select...ExcellentGoodAverageFairPoorPrefer Not to AnswerNot Applicable What is your average credit score? Are any of these financial events in your history? Bankruptcy discharge Currently in Bankruptcy Foreclosure Judgment When was the bankruptcy discharged? * Select...Within 1 yearWithin 2 yearsWithin 3 yearsWithin 4 yearsWithin 5 yearsMore than 5 years ago When was the most recent foreclosure? * Select...Within 1 yearWithin 2 yearsWithin 3 yearsWithin 4 yearsWithin 5 yearsMore than 5 years ago Are you a U.S. Military veteran? * YesNo Are you a citizen of the United States? * YesNo Of which country are you a citizen? * Select...AfghanistanAlbaniaAlgeriaAndorraAngolaAnguillaAntigua & BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBosnia & HerzegovinaBotswanaBrazilBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChina - Hong Kong / MacauColombiaComorosCongoCongo, Democratic Republic of (DRC)Costa RicaCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFijiFinlandFranceFrench GuianaGabonGambia, Republic of TheGeorgiaGermanyGhanaGreat BritainGreeceGrenadaGuadeloupeGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIsrael and the Occupied TerritoriesItalyIvory Coast (Cote d'Ivoire)JamaicaJapanJordanKazakhstanKenyaKorea, Democratic Republic of (North Korea)Korea, Republic of (South Korea)KosovoKuwaitKyrgyz Republic (Kyrgyzstan)LaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmar/BurmaNamibiaNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth Macedonia, Republic ofNorwayOmanPacific IslandsPakistanPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovak Republic (Slovakia)SloveniaSolomon IslandsSomaliaSouth AfricaSouth SudanSpainSri LankaSudanSurinameSwedenSwitzerlandSyriaTajikistanTanzaniaThailandTimor LesteTogoTrinidad & TobagoTunisiaTurkeyTurkmenistanTurks & Caicos IslandsUgandaUkraineUnited Arab EmiratesUnited States of America (USA)UruguayUzbekistanVenezuelaVietnamVirgin Islands (UK)Virgin Islands (US)YemenZambiaZimbabwe In which country do you currently reside? * Select...United States of America (USA)AfghanistanAlbaniaAlgeriaAndorraAngolaAnguillaAntigua & BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBosnia & HerzegovinaBotswanaBrazilBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChina - Hong Kong / MacauColombiaComorosCongoCongo, Democratic Republic of (DRC)Costa RicaCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFijiFinlandFranceFrench GuianaGabonGambia, Republic of TheGeorgiaGermanyGhanaGreat BritainGreeceGrenadaGuadeloupeGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIsrael and the Occupied TerritoriesItalyIvory Coast (Cote d'Ivoire)JamaicaJapanJordanKazakhstanKenyaKorea, Democratic Republic of (North Korea)Korea, Republic of (South Korea)KosovoKuwaitKyrgyz Republic (Kyrgyzstan)LaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmar/BurmaNamibiaNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth Macedonia, Republic ofNorwayOmanPacific IslandsPakistanPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovak Republic (Slovakia)SloveniaSolomon IslandsSomaliaSouth AfricaSouth SudanSpainSri LankaSudanSurinameSwedenSwitzerlandSyriaTajikistanTanzaniaThailandTimor LesteTogoTrinidad & TobagoTunisiaTurkeyTurkmenistanTurks & Caicos IslandsUgandaUkraineUnited Arab EmiratesUruguayUzbekistanVenezuelaVietnamVirgin Islands (UK)Virgin Islands (US)YemenZambiaZimbabwe Documents Provide the URL for any documents or web pages you would like to share with lenders. At this time, we do not accept file attachments, except images of subject property. If you wish to share documents related to the loan request, we encourage the use of a secure cloud storage system in which you can generate a public URL to share files. First enter a name/label, then paste the URL. Click the + buton to add more. Provide the URL for any documents or web pages you would like to share with lenders. Description URL 1 + Upload Images After the initial upload, files cannot be removed or added individually. If you need to add or remove any files later on, you will be required to re-upload previously added files along with any new ones. The Story & Summary Additional details about the loan request I on a design build firm I’ve been in construction for 30 years I’ve been working WITH CAPITAL MANAGEMENT AND INVESTMENT FIRMS FOR THE LAST. 15 years credit and income being dormant I’ve bee. Fighting with multiple health issues including cancer. So most lender are ok with. Credit the fact I tell them. Have been barely doing any business the last 14 months they back paddle to higher interest rates and lower cash out basically insulting terms. Refi 622 use cash invest , 1580 rehab str only then refinance, 837 Allen rehab and sell ,858 pipestone purchase and hold then expand property i currently have two divisions of my business still open supply sourcing and estimates I also have a renter in #622 east high at 1100 a month, 858 pipestone current revenue is 3500 a month I also have a8 unit here in Houston I’d like to purchase its rent projection after rehab is 7500 -8000 1 duplex 2 triplexes I have 2 more site to build 4 apartments with a monthly income of 4-6000 in addition to the Contact Deal Overview Loan Info Final Details The Story & Summary Print or save Add a comment This will be visible only to you and the Lender Link administrator. Submit
