APPLYING FOR THE LOAN : the process (OR SUBMIT ONLINE)

download the quick summary (if you want to complete later , rather the online version below)

 

WHAT YOU NEED:

1. summary or online application (below)

2. aerial map of land ( we need clear boundary map ) its land, so knowing the boundaries are pretty important..

3. purchase contract (signed, if a purchase)

We review quickly (within 24 hours and let you know our interest)

***These are bridge loans (1 - 5 years) , These are not bank loans - rates are 9% +

II. SUPPORTING DOCS:

**When sending PDFs and other supporting docs use the link below rather than email, its faster and easier than faxing.

UPLOAD ALL DOCUMENTS HERE (CLICK) or upload at end of our Land Application

QUICK ONLINE REQUEST -BELOW **( We use as our initial review and underwriting summary , please be specific and present a clear request)

Name of borrower- guarantor : (Borrower Name)
Your Positon in relation to loan request :
IF A Mortgage Broker (Name) and best contact
Email Address:
loan Introduction (short opening statement from borrower or broker about the project,story, reason,etc for loan):
loan amount wanted :
***IF REFINANCE** Original Purchase Price :
What type of property?
What is currently on the land (if anything) ?
***Original Purchase date :
Original Purchase Price (if a refinance) :
What is purpose of loan /use of funds : Explain the "Story" of the deal, include history to present date :
***What is current loan balance?
Purchase price (indicate NA if refinance):
Current value of property (as is value / market):
What is current COUNTY TAX APPRAISAL DISTRICT VALUE : (provide link) :
Address or exact location of property,intersection:(include aerial map ) need boundaries:
Please Describe the land (acres,feet, location, access, frontage...)
Please discuss possible exit strategies from short term (1-3 year) loans :
What is current zoning :
discuss any easements, flood plain, other (if none known, pleaes indicate):
Discuss utilities (are they there, whats needed, etc.) :
Confirm what is needed to get all entitlements needed to build on land:
does borrower have any credit issues, judgements, other:
Can borrower provide financial statement and tax returns :
upload any available 3rd party documents (appraisal, survery, contract..)