Point of Contact:
Chris Fuelling
Deal Status:
Open For Funding
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Construction Budget
Deal Summary
Looking for best rate and terms for this bridge loan.
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What kind of program are you looking for?
- Select -
1003
Blanket/Portfolio Loan
Bridge Loan
Commercial Bridge
Conventional Financing
New Construction
Fix and Flip
Land
Line of Credit
Multifamily
Commercial-New Construction
Portfolio
Rental Loan
SBA-504
SBA 7a
SBA 504
Micro Loan
SBA Express
CAP Line
Community Advantage
SBA Veterans Advantage
International Trade
Export Working Capital
Export Express
Payroll Protection Program
EIDL
:
1003
Blanket/Portfolio Loan
Bridge Loan
Commercial Bridge
Conventional Financing
New Construction
Fix and Flip
Land
Line of Credit
Multifamily
Commercial-New Construction
Portfolio
Rental Loan
SBA-504
Have Property Under Contract
- Select -
Banner Ad
Direct Mail
Google Ad
Google Search
Referral from Friend
Trade Publication
Trade Show
Other
Broker/Referring Party
Fabiola Lima
Borrower Info
First Name
Frank
Is there a Co-borrower?
No
City
miami
State
FL
Zip Code
33155
NA
Mailing Address
Mailing Address same as Current Address?
Yes
Mailing City
miami
Mailing State
FL
Mailing Zip Code
33155
Alternate Names
Alternate Section
1
First Name
First Name
First Name
Personal Info
Date Of Birth
04/06/1981
0
650
Credit Score Range
720 +
Co-Applicant Information
First Name
No
City
State
Zip Code
NA
0
Mailing Address
Same as borrowers mailing address?
No
Mailing City
Mailing State
Mailing Zip
Personal Info
Date Of Birth
Credit Score Range
Borrowing Business Entity
General Business Info
Entity Type
LLC
Date Of Formation
02/05/2008
State Of Formation
GA
Business Address
City
miami
State
FL
Zip Code
33155
No
0.00
Business Details
0
1
)
Business Financials
0.00
0.00
0.00
0.00
0.00
0
Members/Officers
(List all members with 20% ownership or more.)
Same as Borrower/Applicant Info Above
Title
President
% of Ownership
50
DOB
01/16/1923
Title
VP
% of Ownership
25
DOB
03/03/2022
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Title
% of Ownership
0
DOB
Additional Guarantors
No
Borrower Background
Are you a U.S. Citizen?
No
Origin
Spain
Visa Status
Green Card status
Has the borrower been declared bankrupt within the past 7 years?
Yes
Status of Personal Bankruptcy
Please provide filing date, current status, properties included, etc...
Are there any outstanding judgments against the borrowers?
Yes
(If Yes, Provide explanation below.)
Do you have any active lawsuits against you?
No
(If Yes, Provide explanation below.)
Have you had or currently have any property tax liens?
No
(If Yes, Provide explanation below.)
Has the borrower directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgement?
No
Status of Foreclosure
(If Yes, Provide explanation below.)
Is the borrower presently delinquent or in any default on any Federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee
No
(If Yes, Provide explanation below.)
Have you ever been convicted of a felony or other fraud related crimes?
No
(If Yes, Provide explanation below.)
Background Explanation
Co-borrower Background
Are you a U.S. Citizen?
NA
Has the borrower been declared bankrupt within the past 7 years?
NA
Please provide filing date, current status, properties included, etc...
Are there any outstanding judgments against the borrowers? (If Yes, Provide explanation below)
NA
(If Yes, Provide explanation below.)
Do you have any active lawsuits against you?
NA
(If Yes, Provide explanation below.)
Have you had or currently have any property tax liens?
NA
(If Yes, Provide explanation below.)
Has the borrower directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgement?
NA
(If Yes, Provide explanation below.)
Is the borrower presently delinquent or in any default on any Federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee
NA
(If Yes, Provide explanation below.)
Have you ever been convicted of a felony or other fraud related crimes?
NA
(If Yes, Provide explanation below.)
Background Explanation
Borrower Experience
Does borrower have Fix & Flip or Buy & Hold experience?
Yes
# of years of experience?
0
# of properties completed in last 36 months
0
List 3 examples of past deals:
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
00
Upload HUD
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
01
Upload HUD
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
02
Upload HUD
Yes
0
0
Property Type
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
0
Sale Date
Address
City
State
Zip
Outcome/Profit
00
Upload HUD
Property Type
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
0
Sale Date
Address
City
State
Zip
Outcome/Profit
01
Upload HUD
Property Type
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
0
Sale Date
Address
City
State
Zip
Outcome/Profit
02
Upload HUD
0
0
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
00
Upload HUD
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
01
Upload HUD
Property Type
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
City
State
Zip
Outcome/Profit
02
Upload HUD
Does borrower have any projects currently in progress?
Yes
How many?
5
Does borrower own investment properties?
Yes
How many?
2
NA
Do you have any professional licenses?
Yes
Select Professional license
General Contractor
License #
1,500,000.00
Primary investment strategy
Residential fix & flip
Typical Transactions
To
To
To
To
To
To
To
To
0
To
To
0
0
To
To
0
0
To
To
0
0
To
To
0
0
To
To
0
Co-borrower Experience
Does borrower have Fix & Flip or Buy & Hold experience?
NA
# of years of experience?
0
List 3 examples of past deals:
Address
Outcome/Profit
0
Upload HUD
0
# of properties completed in last 36 months
0
Address
Outcome/Profit
0
Upload HUD
0
Address
Outcome/Profit
0
Upload HUD
0
NA
0
Address
Outcome/Profit
Upload HUD
0
Address
Outcome/Profit
Upload HUD
Address
Outcome/Profit
0
Upload HUD
0
0
0
Address
Outcome/Profit
0
Upload HUD
Address
Outcome/Profit
0
Upload HUD
Address
Outcome/Profit
0
Upload HUD
Do you have any projects currently in progress?
NA
How many?
0
Does borrower own investment properties?
NA
How many?
0
NA
Do you have any professional licenses?
Select Professional license
License #
Primary investment strategy
Primary investment strategy Explain
SBA Questions
0.00
0.00
Detailed Explanation
$
Loan Amount
$
Add Other Business Info
0
0
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Assets (Include Borrower + Co-borrower)
Type
Estimated Value ($)
Amount Owed ($)
$
$
$
Savings/Money Market/ CDs
$
$
$
$
Stocks/Bonds
$
$
$
$
IRA / Keogh Accounts
$
$
401k / ESOP Accounts
$
secHide
$
Life Insurance -- Cash Surrender Value Only
$
$
$
$
Home
$
Home Owed
Secondary Residences
$
Secondary Residences Owed
$
Other Real Estate
$
Other Real Estate Owed
$
$
$
$
$
$
Other Owed
$
Other Assets
$
$
$
$
$
$
Other Assets Details
0
Total:
$
$
Total Est. Value
- Total Amt Owed
= Total Net Worth
$
- $
= $
Gifts or Grants
Gifts Or Grants : 1
0
Schedule of Real Estate Owned and Sold
Property City
Property State
Property Zip
Status
Type Of Property
Present Market Value
Balance of Mortgages & Liens
Gross Rental Income
Mortgage Payments
Insurance, Taxes, HOA (If Not Included in Payment)
Titled Under
Purchase Price
0
Value of Improvements Made
0
Intended Occupancy
0
Are there any mortgages or liens?
Creditor Name
Account Number
Loan Status
Monthly Payment
0
Unpaid Balance
0
Type
Credit Limit
0
0
0
Is their another mortgage or lien?
Creditor Name
Account Number
Loan Status
Monthly Payment
0
Unpaid Balance
0
Type
Credit Limit
0
0
0
Borrower Employment Information
- Select -
Self-Employed
1099
Salary W-2
Retired
Unemployed
Other
I have ownership share of less than 25%
I have ownership share of 25% or more
$
Weekly
Monthly
Every 2 weeks
Twice a month
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Texas
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Afghanistan
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American Samoa
Andorra
Angola
Anguilla
Antarctica
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Comoros
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Congo, Democratic Republic of the Congo
Cook Islands
Costa Rica
Cote D Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Falkland Islands (Malvinas)
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
French Southern Territories
Gabon
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Heard Island and Mcdonald Islands
Holy See (Vatican City State)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran, Islamic Republic of
Iraq
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey
Jordan
Kazakhstan
Kenya
Kiribati
Korea, Democratic Peoples Republic of
Korea, Republic of
Kosovo
Kuwait
Kyrgyzstan
Lao Peoples Democratic Republic
Latvia
Lebanon
Lesotho
Liberia
Libyan Arab Jamahiriya
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia, the Former Yugoslav Republic of
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia, Federated States of
Moldova, Republic of
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
Netherlands Antilles
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
Northern Mariana Islands
Norway
Oman
Pakistan
Palau
Palestinian Territory, Occupied
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Pitcairn
Poland
Portugal
Puerto Rico
Qatar
Reunion
Romania
Russian Federation
Rwanda
Saint Barthelemy
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Martin
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Serbia and Montenegro
Seychelles
Sierra Leone
Singapore
Sint Maarten
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Georgia and the South Sandwich Islands
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Svalbard and Jan Mayen
Swaziland
Sweden
Switzerland
Syrian Arab Republic
Taiwan, Province of China
Tajikistan
Tanzania, United Republic of
Thailand
Timor-Leste
Togo
Tokelau
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
United States Minor Outlying Islands
Uruguay
Uzbekistan
Vanuatu
Venezuela
Viet Nam
Virgin Islands, British
Virgin Islands, U.s.
Wallis and Futuna
Western Sahara
Yemen
Zambia
Zimbabwe
Co-borrower Employment Information
Employment Type
- Select -
Self-Employed
1099
Salary W-2
Retired
Unemployed
Other
I have ownership share of less than 25%
I have ownership share of 25% or more
Monthly Income/Loss $
$
Weekly
Monthly
Every 2 weeks
Twice a month
Borrower Monthly Income
$
$
$
$
$
$
$
$
$
$
9,000.00
(Borrower)
Co-borrower Monthly Income
$
$
$
$
$
$
$
$
$
(Co-Borrower)
$
9,000.00
(Borr + Cobor)
9,000.00
Borrower Monthly Expenses
Monthly Payment
Bal Owed
$ 3,316.50
$
$ 4.17
$
$ 2.50
$
$
$
$
$
$
$
3,323.17
(Borrower)
Co-borrower Monthly Expenses
Monthly Payment
Bal Owed
$
$
$
$
$
$
$
(Co-Borrower)
$
3,323.17
(Borr + Cobor)
Liabilities
$
$
$
$
$
Other New Mortgage Loans on the Property
Other New Mortgage Loans : 1
Loan Terms
Desired Closing Date
11/24/2021
$ 524,000.00
12/01/2021
From: 9 - To: 10
Borrower Occupancy
Investment
1
Transaction Type
Purchase
No Doc
11/24/2020
Loan Term
12 Months
9.900 %
-302.11
Interest Only Fixed
ILA
$ 2,376.00
360
$ 50.00
$ 30.00
Yes
1
No
Yes
Resale Price
$
Resale Closing Date
$
Will the property need rehab or construction?
Yes
Acquisition / Purchase Price
$ 500,000.00
Property Value (AS-Is)
$ 500,000.00
ARV
$ 850,000.00
$
$
$ 150,000.00
$
maxAmtToPutDownClass
Acquisition Down Payment
$ 203,000.00
commercialTdFieldsClass
Down Payment %
40.60000 %
transactionalTdFieldsClass
Initial Loan Amount
$
297,000.00
rehabConsClsClass
LTV%
0.00 %
LOCTotalLoanAmt_dispClass
Initial Loan Amount
$
doesPropertyNeedRehabDispDivCLass1
Rehab/Construction Cost
$ 50,000.00
doesPropertyNeedRehabDispDivClass2
Rehab/Construction % Financed
100 %
doesPropertyNeedRehabDispDivClass3
Rehab/Construction Cost Financed
$
150,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
Pay-Off on Mortgage 1
$
Pay-Off on Mortgage 2
$
Pay Off Oustanding Taxes
$
$ 13,000.00
$
propertyNeedRehabinitialTddispClass
$
288,000.00
CORTotalLoanAmt_disp
Total Loan Amount
$ 463,000.00
Total Cash Out
$
Total Loan Amount
$
463,000.00
Total Project Cost
$
700,000.00
$
570,110.00
Total Loan Amount
$
Land Value
$
Simple ARV
51.97
%
Full ARV
54.47
%
Acquisition LTV
62.60
%
Market LTV
62.60
%
Loan-to-Cost(LTC)
66.14
%
% Of Rehab/Construction
(Cost Financed)
300.00
%
82.82
%
Refinance Current MortgagePurchase
Original Purchase Date
Current Lender
Original Purchase Price
$
Cost of Improvements made
$
Monthly Payment
$
Current Rate
0.000 %
%
0 %
0 %
Current Loan Balance
$
Subject Property Details
Property Location
Subject City
miami
Subject State
FL
Subject Zip Code
33129
Property Characteristics
Subject Property Type
Single Family Home
0
0.000 %
# of units
0
0
0.00
Property Details
Estimated Property Value
Zillow value
2500000
Get Zillow Value
0
URL link 1 to Property
Subject Property Condition
Fair
Condition Notes
Needs lots of renovation work. hasnt been updates since 1995
1,000.00
0
In Month
Property Access
Can we obtain interior access?
Yes
Rent Roll
Rent Roll
1
$
No
No
No
Is this loan being cross collateralized?
Yes
How many properties are collateralized? (including subj property)
1
Add Subject Properties
Subject Property Cash Flow (Annualized)
60,000.00
Residential Calculate from Rent Roll?
Vacancy
$
3,000.00
5.00
Commercial Calculate from Rent Roll? 0
Vacancy Commercial
$
Effective Gross Income
$
57,000.00
50.00
30.00
3.00
3,000.00
Net Operating Income
$
53,917.00
Cap Rate
%
Reserves
$
1.00
Debt Service Ratio
1.89
%
Cash Available To Service Debt
$
54,000.00
VENDOR & EQUIPMENT INFORMATION
1
)
0.00
New
Used
0
Options
Pictures of Property
#
Picture Name
Picture Type
File Type / Size
Uploaded Info
Action
No Records Found
Google API Image
1st Lien Current Mortgage Scenario
Interest Only
9.900
1255455
0
0
Monthly Payment Details
3,316.50
50.00
Total Monthly Payment
3,366.50
0.00
0.00
0.00
Rep Name & all other contact info....
2nd Lien Current Mortgage Scenario
0.000
0
0
Rep Name & all other contact info....
Foreclosure / Default Info
2
NA
No
NA
Attorney Information
XYZ Attorney
XYZ Law
bpocomp@test.com
(305) 606-2360
safak
miamiattoney
93933
Trustee Information
Loan Workout Q & A
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
0
NA
2
NA
NA
NA
No
Additional Questions
Is there an accepted purchase agreement?
Yes
Purchase Agreement Expiration date
Yes
0
Loan/Exit Plan
Fix & Flip
Loan/Exit Plan Explanation
Will be remodeling and flipping
What is the projected rental income per month?
0
0.00
Are you adding square footage?
Yes
How many additional square feet are you adding?
1
">
Yes
$ 0.00
$
Does the borrower intend to occupy the property as their primary residence?
No
$
Will borrower personally guarantee this loan?
Yes
NA
Tell us more about your scenario & what you are looking for in more detail
This property is next to brickell city center, very few houses in this high end condo financial district. very high dem
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