Point of Contact:
Chris Fuelling
Deal Status:
Open For Funding
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Required Docs
Useful Documents
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 Loan Application
1003
All fields on
Blanket/Portfolio Loan
Bridge Loan
Commercial Bridge
Conventional Financing
New Construction
Cash Out Refi
Fix and Flip
Land
Line of Credit
Rental Loan
SBA-504
Additional Desired Loan programs :
1003 Loan Application
1003
All fields on
Blanket/Portfolio Loan
Bridge Loan
Commercial Bridge
Conventional Financing
New Construction
Cash Out Refi
Fix and Flip
Land
Line of Credit
Rental Loan
SBA-504
Have Property Under Contract
Lead Source
- Select -
Banner Ad
Direct Mail
Google Ad
Google Search
Referral from Friend
Trade Publication
Trade Show
Other
Broker/Referring Party
Bob Rosenthal
Borrower Info
First Name
Frank
Is there a Co-borrower?
No
City
miami
State
FL
Zip Code
33135
NA
Mailing Address
Mailing Address same as Current Address?
No
Mailing City
Mailing State
Mailing Zip Code
Personal Info
Date Of Birth
01/05/1985
Driver License State
Maiden Name
0
650
Credit Score Range
600 - 619
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
Yes
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
100
DOB
01/16/1923
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
Title
% of Ownership
0
DOB
Additional Guarantors
No
Borrower Background
Are you a U.S. Citizen?
Yes
Origin
Visa Status
Has the borrower been declared bankrupt within the past 7 years?
No
Please provide filing date, current status, properties included, etc...
borDecalredBankruptExpln
Are there any outstanding judgments against the borrowers?
No
(If Yes, Provide explanation below.)
borOutstandingJudgementsExpln
Do you have any active lawsuits against you?
No
(If Yes, Provide explanation below.)
borActiveLawsuitsExpln
Have you had or currently have any property tax liens?
No
(If Yes, Provide explanation below.)
borPropertyTaxLiensExpln
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
(If Yes, Provide explanation below.)
borObligatedInForeclosureExpln
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.)
borDelinquentExpln
Have you ever been convicted of a felony or other fraud related crimes?
No
(If Yes, Provide explanation below.)
borOtherFraudRelatedCrimesExpln
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?
5
# of properties completed in last 36 months
15
List 3 examples of past deals:
Property Type
Single Family
Purchase date
11/17/2018
Purchase Price
250,000.00
Amount Financed
175,000.00
Rehab Budget
50000
Entity Name
ABC Flips
Ownership %
100
Exit
Monthly Rent
Sale Price
325,000.00
Sale Date
11/17/2019
Address
321 man street
City
Miami
State
FL
Zip
33333
Outcome/Profit
650000
Upload HUD
Property Type
Condo
Purchase date
11/10/2019
Purchase Price
385,000.00
Amount Financed
300,000.00
Rehab Budget
25000
Entity Name
ABC Flips
Ownership %
100
Exit
Monthly Rent
Sale Price
450,000.00
Sale Date
11/23/2019
Address
123 bird rd
City
miami
State
FL
Zip
33333
Outcome/Profit
450001
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
Single Family
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
borGUEntityName[]
Ownership %
0
Exit
In progess-To Be rented
Monthly Rent
Sale Price
0
Sale Date
Address
borGUAddress[]
City
borGUCity[]
State
AL
Zip
90210
Outcome/Profit
650000
Upload HUD
Property Type
Single Family
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
borGUEntityName[]
Ownership %
0
Exit
In progess-To Be rented
Monthly Rent
Sale Price
0
Sale Date
Address
borGUAddress[]
City
borGUCity[]
State
AL
Zip
90210
Outcome/Profit
450001
Upload HUD
Property Type
Single Family
Purchase date
Purchase Price
0
Amount Financed
Rehab Budget
Entity Name
borGUEntityName[]
Ownership %
0
Exit
In progess-To Be rented
Monthly Rent
Sale Price
0
Sale Date
Address
borGUAddress[]
City
borGUCity[]
State
AL
Zip
90210
Outcome/Profit
02
Upload HUD
0
0
Property Type
Single Family
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
borSellEntityName[]
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
borSellAddress[]
City
borSellCity[]
State
AL
Zip
90210
Outcome/Profit
00
Upload HUD
balance_sheet
Property Type
Single Family
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
borSellEntityName[]
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
borSellAddress[]
City
borSellCity[]
State
AL
Zip
90210
Outcome/Profit
01
Upload HUD
Property Type
Single Family
Purchase date
Purchase Price
Amount Financed
Rehab Budget
0
Entity Name
borSellEntityName[]
Ownership %
0
Exit
Monthly Rent
Sale Price
Sale Date
Address
borSellAddress[]
City
borSellCity[]
State
AL
Zip
90210
Outcome/Profit
02
Upload HUD
Does borrower have any projects currently in progress?
No
How many?
0
Does borrower own investment properties?
Yes
How many?
5
NA
Do you have any professional licenses?
Yes
Select Professional license
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
Upload HUD
# of properties completed in last 36 months
0
Address
Outcome/Profit
Upload HUD
Address
Outcome/Profit
Upload HUD
NA
0
Address
Outcome/Profit
Upload HUD
0
Address
Outcome/Profit
Upload HUD
Address
Outcome/Profit
Upload HUD
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
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 ($)
Amount Owed ($)
$
$
Checking Account(s)
$
Savings/Money Market/ CDs
$ 250,000.00
$
$
$
Stocks/Bonds
$ 350,000.00
$
$
$
IRA / Keogh Accounts
$ 150,000.00
$
401k / ESOP Accounts
$
secHide
$
Life Insurance -- Cash Surrender Value Only
$
$
$
$
Home
$ 850,000.00
Home Owed
250,000.00
Secondary Residences
$
Secondary Residences Owed
$
Other Real Estate
$3,500,000.00
Other Real Estate Owed
$ 1,850,000.00
$
$
$
$
$
Other Owed
$
Other Assets
$
$
$
$
$
$
Other Assets Details
otherDesc
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
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
Value of Improvements Made
Intended Occupancy
Are there any mortgages or liens?
Creditor Name
Account Number
Loan Status
Monthly Payment
Unpaid Balance
Type
Credit Limit
Is their another mortgage or lien?
Creditor Name
Account Number
Loan Status
Monthly Payment
Unpaid Balance
Type
Credit Limit
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
Monthly Income/Loss $
$
Weekly
Monthly
Every 2 weeks
Twice a month
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
$
$
$
$
$
$
$
$
$
(Borrower)
Co-borrower Monthly Income
$
$
$
$
$
$
$
$
$
(Co-Borrower)
$
(Borr + Cobor)
Borrower Monthly Expenses
Monthly Payment
Bal Owed
$ 3,479.17
$
$ 5,000.00
$
$ 416.67
$
$
$
$
$
$
$
8,895.84
(Borrower)
Co-borrower Monthly Expenses
Monthly Payment
Bal Owed
$
$
$
$
$
$
$
(Co-Borrower)
$
8,895.84
(Borr + Cobor)
Loan Terms
Desired Closing Date
11/24/2021
$ 5,240,000.00
12/01/2021
From: 9 - To: 10
Borrower Occupancy
Investment
1
Transaction Type
Purchase
No Doc
11/24/2020
Loan Term
12 Months
10.000 %
-300.01
Interest Only Fixed
ILA
$ 3,270.83
Yes
$ 5,000.00
$ 5,000.00
Yes
3
Resale Price
$
Resale Closing Date
$
Will the property need rehab or construction?
Yes
Acquisition / Purchase Price
$ 500,000.00
Property Value (AS-Is)
$ 525,000.00
ARV
$ 850,000.00
$
maxAmtToPutDownClass
Acquisition Down Payment
$ 100,000.00
commercialTdFieldsClass
Down Payment %
20.00000 %
transactionalTdFieldsClass
Initial Loan Amount
$
400,000.00
rehabConsClsClass
LTV%
0.00 %
LOCTotalLoanAmt_dispClass
Initial Loan Amount
$
doesPropertyNeedRehabDispDivCLass1
Rehab/Construction Cost
$ 150,000.00
doesPropertyNeedRehabDispDivClass2
Rehab/Construction % Financed
100.00 %
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
$
$
$
17,500.00
propertyNeedRehabinitialTddispClass
$
392,500.00
CORTotalLoanAmt_disp
Total Loan Amount
$ 550,000.00
Total Cash Out
$
Total Loan Amount
$
550,000.00
Total Project Cost
$
650,000.00
$
662,850.00
Total Loan Amount
$
Land Value
$
Simple ARV
63.41
%
Full ARV
64.71
%
Acquisition LTV
80.00
%
Market LTV
76.19
%
Loan-to-Cost(LTC)
84.62
%
% Of Rehab/Construction
(Cost Financed)
100.00
%
82.52
%
Refinance Current Mortgage
Original Purchase Date
Current Lender
250,000.00
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
2500000.00
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?
Is this loan being cross collateralized?
Yes
How many properties are collateralized? (including subj property)
3
Add Subject Properties
Subject Property Details 2
Property Location
Subject Address
Subject City
Subject State
Subject Zip Code
Property Characteristics
Subject Property Type
0
0.000 %
# of units
0
0.00
Property Details
Estimated Property Value
Zillow value
Get Zillow Value
URL link 1 to Property
Subject Property Condition
Condition Notes
Property Access
Who to contact for property access? Name
Email
Lock Box Info
Phone:
Subject Property Details 3
Property Location
Subject Address
Subject City
Subject State
Subject Zip Code
Property Characteristics
Subject Property Type
0
0.000 %
# of units
0
0.00
Property Details
Estimated Property Value
Zillow value
Get Zillow Value
URL link 1 to Property
Subject Property Condition
Condition Notes
Property Access
Who to contact for property access? Name
Email
Lock Box Info
Phone:
Subject Property Cash Flow (Annualized)
60,000.00
Vacancy
$
3,000.00
5.00
Effective Gross Income
$
57,000.00
5,000.00
5,000.00
3,000.00
Net Operating Income
$
44,000.00
Cap Rate
%
Reserves
$
1.00
Debt Service Ratio
1.12
%
Cash Available To Service Debt
$
54,000.00
VENDOR & EQUIPMENT INFORMATION
1
)
0.00
New
Used
0
Options
Pictures of Property
#
Document Name
File Type / Size
Uploaded Info
No Records Found
Google API Image
1st Lien Current Mortgage Scenario
Interest Only
10.000
1255455
0
Monthly Payment Details
3,479.17
5,000.00
Total Monthly Payment
8,479.17
0.00
0.00
0.00
Rep Name & all other contact info....
2nd Lien Current Mortgage Scenario
0
Rep Name & all other contact info....
Foreclosure / Default Info
2
NA
No
NA
Attorney Information
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
Will borrower personally guarantee this loan?
Yes
Yes
$ 0.00
Does the borrower intend to occupy the property as their primary residence?
No
NA
No
0
% for
None
---Please select----
(rate)
=
$
Yes
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?
3
$
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
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.
*
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