Template 1: Purchase loan, utilization, not funding rehab, repeat broker, repeat borrower

All fields must be filled out. If you do not know the answer, please enter “TBD or N/A.”

Subject

Please put address # and street name

Loan Officer Name

First Name

Last Name

Repeat Broker Name

First Name

Last Name

Repeat Customer Name

First Name

Last Name

What pricing did we offer them last time?

Note rate, Points, LTV/LTC

Property Address

Loan Amount

Sponsor

Overview/background (if you have highlights you feel are pertinent to include)

Approx liquid reserves

Experience

Real estate investment projects (on title) in the last 2 years

Source of equity

Will the funds for the down payment be coming from the borrower? Will the borrower be using any second lien(s)? If so, what are the amount(s)?

Is everyone on title going to sign a Personal Guaranty?

If not, please provide the following information: Name of each person on title % of ownership of the borrowing entity on title Which people will be signing a PG, which people will not be signing a PG and which people will be signing a Bad Boy carveout Which people are sponsors and which people are passive investors

What is the borrower’s relationship to the seller?

If the borrower has a relationship to the seller, please specify

Loan

LTC Day 1, LTC Day Done, Loan Amount

Suggested Pricing

Note Rate: Our Points: Broker Points: Loan Processing Fee: Deposit Amount (if there is one): Loan Term: Interest Reserves (if there are any): Prepay Penalty (if there is one):

Exit Strategy:

If it's not sell, please explain

As-is Value

Purchase Price Is there an assignment fee? If so, please include the amount Property type Unit mix Square footage BD/BA count Any other property details (if applicable)

Value Creation

Scope of work Rehab budget amount: Hard costs to be done: Soft costs to be done (if there are any – please note we do not include mortgage tax, mortgage interest, mortgage closing costs, insurance or property tax): Is the project a cosmetic rehab or structural rehab? If the project is structural, does the borrower have approved plans/permits if they are needed?

ARV

Property details after repair Property type Unit mix Square footage BD/BA count Any other property details (if applicable)

Diligence

Have you reviewed Google Earth? If so, is there anything odd? Have you reviewed Zillow? If so, is there anything odd e.g. Price History?