Deal Summary

Looking for best rate and terms for this bridge loan.

Have Property Under Contract
Bob Rosenthal

Borrower Info

 
Frank
Yes
miami
FL
33156
NA
No
01/05/1985
0
650
600 - 619

Co-Applicant Information

No
NA
0
No

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

Co-borrower Background

NA
NA
NA
NA
NA
NA
NA
NA

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

Co-borrower Experience

NA
0
0
 
NA
0
0
 
0
0
0
0
0
NA
0
NA
0
NA

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

Schedule of Real Estate Owned and Sold

 

Borrower Employment Information

$

Additional Employment Information

Co-borrower Employment Information

$

Additional Employment Information

Borrower Monthly Income

$
$
$
$
$
$
$
$

$

(Borrower)

Co-borrower Monthly Income

$
$
$
$
$
$
$
$

$

(Co-Borrower)

$

(Borr + Cobor)

Borrower Monthly Expenses

Monthly Payment

Bal Owed

$ 4,958.33
$
$ 5,000.00
$
$ 416.67
$
$
$
$
$
$

$ 10,375.00

(Borrower)

Co-borrower Monthly Expenses

Monthly Payment

Bal Owed

$
$
$
$
$
$

$

(Co-Borrower)

$ 10,375.00

(Borr + Cobor)

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 %
-269.46
Interest Only     Fixed
TLA
$ 4,958.33
Yes
$ 5,000.00
$ 5,000.00
No
Yes
$ 500,000.00
$ 525,000.00
$ 850,000.00
maxAmtToPutDownClass
$ 55,000.00
commercialTdFieldsClass
11.00000 %
transactionalTdFieldsClass
$
445,000.00
rehabConsClsClass LOCTotalLoanAmt_dispClass
doesPropertyNeedRehabDispDivCLass1
$ 150,000.00
doesPropertyNeedRehabDispDivClass2
100.00 %
doesPropertyNeedRehabDispDivClass3
$
150,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
$
$ 17,500.00
propertyNeedRehabinitialTddispClass
$
387,500.00
CORTotalLoanAmt_disp
$ 595,000.00
$
650,000.00
$
663,400.00

Simple ARV 68.64 %

Full ARV 70.00 %

Acquisition LTV 89.00 %

Market LTV 84.76 %

Loan-to-Cost(LTC) 91.54 %

% Of Rehab/Construction
(Cost Financed) 100.00 %

89.16 %

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
No

Subject Property Details 2

0
0.000  %
0
0.00

Subject Property Details 3

0
0.000  %
0
0.00

Subject Property Details 4

0
0.000  %
0
0.00

Subject Property Details 5

0
0.000  %
0
0.00

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
0.74 %
$  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
4,958.33
5,000.00
9,958.33
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

NA
0 % for None
$
Will be remodeling and flipping
$

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

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By checking this box I agree to the terms and conditions. *