Deal Summary

Looking for best rate and terms for this bridge loan.

Have Property Under Contract
Bob Rosenthal

Borrower Info

 
Frank
No
miami
FL
33156
NA
No
10/06/1972
0
650
600 - 619

Borrowing Business Entity

Yes
LLC
02/05/2008
GA
miami
FL
33155
No
0.00
0
 
 
0.00
0.00
0.00
0.00
0.00
0
Same as Borrower/Applicant Info Above
President
100
01/16/1923

Additional Guarantors

No

Borrower Background

Yes
No
No
No
No
No
No
No

Borrower Experience

Yes
5
15
175,000.00
50000
ABC Flips
100

325,000.00

11/17/2019
300,000.00
25000
ABC Flips
100

450,000.00

11/23/2019
0
0
Yes
0
0
Single Family
0
borGUEntityName[]
0
In progess-To Be rented
borGUAddress[]
borGUCity[]
AL
90210
Single Family
0
borGUEntityName[]
0
In progess-To Be rented
borGUAddress[]
borGUCity[]
AL
90210
Single Family
0
borGUEntityName[]
0
In progess-To Be rented
borGUAddress[]
borGUCity[]
AL
90210
0
0
Single Family
0
borSellEntityName[]
0
borSellAddress[]
borSellCity[]
AL
90210
Upload HUD balance_sheet
Single Family
0
borSellEntityName[]
0
borSellAddress[]
borSellCity[]
AL
90210
Upload HUD
Single Family
0
borSellEntityName[]
0
borSellAddress[]
borSellCity[]
AL
90210
Upload HUD
No
0
Yes
5
NA
Yes
1,500,000.00
Residential fix & flip

Typical Transactions

To
To
To
To
0
To
0
0
To
0
0
To
0
0
To
0
0
To
0

SBA Questions

0.00
0.00
$
$

Assets (Include Borrower + Co-borrower)

Type
Estimated Value ($)
Amount Owed ($)
 
 
 
 
 
 
 
 
 
 
 
 
 

Total:

$ 5,100,000.00

$ 2,100,000.00

Total Est. Value

- Total Amt Owed

= Total Net Worth

$ 5,100,000.00

- $ 2,100,000.00

= $ 3,000,000.00

123 Main St, Miami, Florida

Borrower Employment Information

$

Borrower Monthly Income

$
$
$
$
$
$
$
$

$

(Borrower)

Borrower Monthly Expenses

Monthly Payment

Bal Owed

$ 4,000.00
$
$ 5,000.00
$
$ 416.67
$
$
$
$
$
$

$ 9,416.67

(Borrower)

Financial Accounts & Securities

Loan Terms

$
From: 9 - To: 10
Investment
1
Purchase
No Doc
Lendingwise
11/24/2020
12 Months
10.000 %
8.000 %
2.000 %
-308.78
Interest Only     Fixed
ILA
$ 3,187.50
Yes
$ 5,000.00
$ 5,000.00
Yes
5
Yes
$ 500,000.00
$ 525,000.00
$ 850,000.00
maxAmtToPutDownClass
$ 72,500.00
commercialTdFieldsClass
14.50000 %
transactionalTdFieldsClass
$
427,500.00
rehabConsClsClass LOCTotalLoanAmt_dispClass
doesPropertyNeedRehabDispDivCLass1
$ 150,000.00
doesPropertyNeedRehabDispDivClass2
100 %
doesPropertyNeedRehabDispDivClass3
$
150,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
$
$ 30,000.00
propertyNeedRehabinitialTddispClass
$
382,500.00
CORTotalLoanAmt_disp
$ 577,500.00
$
650,000.00
$
663,400.00

Simple ARV 66.58 %

Full ARV 67.94 %

Acquisition LTV 85.50 %

Market LTV 81.43 %

Loan-to-Cost(LTC) 88.85 %

% Of Rehab/Construction
(Cost Financed) 100.00 %

86.55 %

Subject Property Details

miami
FL
33129
Single Family Home
0
0.000  %
0
0
0.00
2500000.00
Get Zillow Value
0
Fair
1,000.00
0
In Month

Subject Property Cash Flow (Annualized)

 
60,000.00
 
$3,000.00
5.00
$  57,000.00
 
5,000.00
 
5,000.00
 
 
3,000.00
 
$  44,000.00
%
$  
1.00
1.15 %
$  54,000.00

VENDOR & EQUIPMENT INFORMATION

0.00
0

Pictures of Property

#     Document Name File Type / Size Uploaded Info  
No Records Found
  Google API Image   Google API Image      

1st Lien Current Mortgage Scenario

Interest Only
10.000
1255455
0
4,000.00
5,000.00
9,000.00
0.00
0.00
0.00

2nd Lien Current Mortgage Scenario

0

Foreclosure / Default Info

2
NA
No
NA

Loan Workout Q & A

NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
0
NA
2
NA
NA
NA
No

Additional Questions

No
Yes
No
$ 0.00
No
NA
Fix & Flip
7200
0
No
0
$

Tell us more about your scenario & what you are looking for in more detail

This property is in heart of brickel walking distance to city center. very desirable location.

Terms And Conditions

By submitting this application, you acknowledge that everything is true and correct to the best of your knowledge. If Pre-approved, you authorize us to pull your credit report. Certain fees, like an appraisal fee may not be refundable in the event your loan does not close with us.
By checking this box I agree to the terms and conditions. *