Deal Summary

Looking for best rate and terms for this bridge loan.

Have Property Under Contract
Fabiola Lima

Borrower Info

 
Frank
Yes
0
650
Additional Borrower Fields

Co-Applicant Information

Jane
No
NA
0

Borrower Type/Entity Info

Entity
0.00
0
0.00
0.00
0.00
0.00
0.00
0.00
0

Equipment Info

 %
 %
 %
 %
 %
 %
11:45:20 AM
 %
 %
 %
 %

Additional Guarantors

No
0

Borrower Background

No
Spain
Green Card status
Yes
Yes
Yes
No
No
No
No

Co-borrower Background

No
NA
NA
NA
NA
NA
NA
NA

Borrower Experience

Yes
5
10
0.00
0.000
0.00
0.000
0.00
0.000
Yes
0
0
0.00
0.000
0.00
0.000
0.00
0.000
0
0
0.00
0.000
Upload HUD
0.00
0.000
Upload HUD
0.00
0.000
Upload HUD
Yes
5
Yes
2
NA
Yes
General Contractor
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
0
0
0
0
 
0
0
NA
0
0
0
0
0
0
 
0
0
0
0
0.00
0.00
0.00
NA
0
NA
0
NA

SBA Questions

0.00
0.00
$
$
0
0

Assets (Include Borrower + Co-borrower)

Type
Estimated Value ($)
Amount Owed ($)
$
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Total:

$

$

Total Est. Value

- Total Amt Owed

= Total Net Worth

$

- $

= $

Contingent Liabilities

Contingent Liabilities 1

Borrower Employment Information

$

Additional Employment Information : 1

Co-borrower Employment Information

$

Additional Employment Information : 1

Additional Employment Information : 2

Additional Employment Information : 3

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Additional Employment Information : 95

Borrower Monthly Income

$
$
$
$
$
$
$
$
$

$ 9,000.00

(Borrower)

Co-borrower Monthly Income

$
$
$
$
$
$
$
$

$

(Co-Borrower)

$ 9,000.00

(Borr + Cobor)

Borrower Monthly Expenses

Monthly Payment

Bal Owed

$ 3,972.50
$
$ 37.50
$ 2.00
$ 416.67
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$ 4,428.67

(Borrower)

Co-borrower Monthly Expenses

Monthly Payment

Bal Owed

$
$
$
$
$
$

$

(Co-Borrower)

$ 4,428.67

(Borr + Cobor)

Liabilities

$
$
$
$
$

Partnerships

Partnerships 1

03/28/2024
$
$
$
$
03/28/2024

Other New Mortgage Loans on the Property

Other New Mortgage Loans : 1

Loan Terms

11/24/2021
$ 450,000.00
02/25/2023
9.000 % - 10.000 %
Investment
1
Purchase
Fix & Flip
234523
No Doc
04/01/2024
12 Months
12 %
-280.9
Interest Only     Fixed
ILA
$ 4,972.50
30/360
Yes
$ 450
$ 5,000.00
5,426.75
Yes
0
No
Yes
Yes
$ 500,000.00
$ 490,000.00
0.000
$ 850,000.00
Yes
$
$
$ 150,000.00
maxAmtToPutDownClass
$ 0.00
commercialTdFieldsClass
0.00000 %
transactionalTdFieldsClass
$
500,000.00
rehabConsClsClass LOCTotalLoanAmt_dispClass
doesPropertyNeedRehabDispDivCLass1
$ 75,000.00
doesPropertyNeedRehabDispDivClass2
100.000000 %
doesPropertyNeedRehabDispDivClass3
75,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
$
$ 22,250.00
propertyNeedRehabinitialTddispClass
$
497,250.00
CORTotalLoanAmt_disp
$ 575,000.00
$
725,000.00
$
740,650.00

Simple ARV 65.97 %

Full ARV 67.65 %

Acquisition LTV 100.00 %

Market LTV 102.04 %

LTC - Total Loan Amount 79.31 %

% Of Rehab/Construction
(Cost Financed) 100.00 %

$ Gross Profit 275,000.00

Gross Profit Margin 32.35 %

`

LTC w/Soft & Hard Cost 97.27 %

100.00 %

102.04 %

%

Subject Property Details

S.No Address Unit # Is Main Location Municipality Type Value Action
1 123456789 collateral property street Suite 190287373, collateral citye, 43434 200,000.00
2 Prop 3 address, prop3 city, Alabama, 33333 Condo

1) 123456789 collateral property street Suite 190287373, collateral citye, 43434

collateral citye
43434
No
0
No
0
0
0
0
No
No
0
0
No
0
0
0
No
0 %
0.000  %
0
200,000.00
0
0
0
No
0
0
0
No
100,000.00
1,200.00
1,200.00
2,400.00
1,200.00
1,200.00
4,800.00
200,000.00
2,400.00
2,000.00
1,028.61
1,000.00
1,428.61
1,400.00
Purchase Price
50.00 %
Allocated LTV
50.00 %
Qualifying Allocated LTV
50.00 %
30-Yr AM DSCR
1.680 %
200,000.00
No
No
200,000.00
50
50
0
0
0
0
0
1,200.00
0
1,200.00
0
In Month
No

Rent Roll

Rent Roll 1

bob
2
2
0
02/13/2024
02/13/2024
02/13/2024
02/13/2024
02/13/2024
2,500.00
3,000.00
RentRange
2,400.00
Actual Rents
2,300.00
No
No
No

Property Flood Certificates

Property Flood Certificates 1

0

Appraisers information

Appraiser 1

No
0

HOA information

Yes
No
100.00
No
No
No
No
No

2) Prop 3 address, prop3 city, Alabama, 33333

prop3 city
AL
33333
Condo
No
0
No
0
0
0
0
No
No
0
0
No
0
0
0
No
0 %
0.000  %
0
0
0
0
No
0
0
0
No
%
Allocated LTV
%
Qualifying Allocated LTV
%
30-Yr AM DSCR
%
No
No
0
0
0
3
0
0
0
0
0
In Month
No

Rent Roll

Rent Roll 1

0
0
0
02/13/2024
02/13/2024
02/13/2024
02/13/2024
02/13/2024
No
No
No

Property Flood Certificates

Property Flood Certificates 1

0

Appraisers information

Appraiser 1

No
0

HOA information

No
No
No
No
No
No
No

Subject Property Cash Flow (Annualized)

$60,000.00
$3,000.00
5.00%
$
$
%
$
$
%
$
$
%
$ 57,000.00
$450.00
$5,000.00
$1.00
$3,000.00
$
$
$
$
$
$
$
$
$
$
$
$
%
$ 48,549.00
%
$ 0.00
$
Rentable Sq. Feet
0.81
$48,549.00
0.00
$

VENDOR & EQUIPMENT INFORMATION

0.00
0

1st Lien Current Mortgage Scenario

Interest Only
12
1255455
0
0
3,972.50
450.00
2.00
4,424.50
0.00
0.00
0.00

2nd Lien Current Mortgage Scenario

0.000
0
0

Foreclosure / Default Info

2
NA
No
NA
XYZ Attorney
XYZ Law
(305) 606-2360
safak
miamiattoney
93933

Loan Workout Q & A

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

Additional Questions

Yes
Yes
$
Fix & Flip
Will be remodeling and flipping
0.00
Yes
Yes
$
$
No
$
Yes
234523

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 end

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. Additionally you agree to let us send text messages to your cell phone if provided, you may opt out anytime replying with STOP.
By checking this box I agree to the terms and conditions. *

Signature