In order to initially evaluate your request, we must receive the following information:
EXECUTIVE SUMMARY
This should be a complete, extensive overview of the project that includes:
DESCRIPTION OF PROPERTY:
Address, project name, estimated value, number of units, occupancy, etc.
LEGAL OWNER:
Entity and individuals who own the property or to be created.
LOAN AMOUNT & USES OF FUNDS:
Debt owed, other liens on the property, uses of cash.
DATE OF PURCHASE & PRICE:
How much cash does the borrower have invested?
DEBT SERVICE:
Current debt on property (including terms and if current), current NOI, 3-yr pro-forma NOI and
any stabilization notes or key events.
SOURCES & USES:
Explain how and where the funds will be used, including the source of your investment funds and
funds already invested in the project.
THE STORY:
Give us a clear picture of what is going on. What is the situation, and why should we finance the project?
COLOR PHOTOS:
Provide pictures of the current condition of the property to give us a better idea of the nature of
the project that we are financing.
SPONSORS & BIO
We need to know about each and every Principal in the transaction. We want to know about their background, level of experience, position, and connection relative to this project.
