Deal Summary

Looking for best rate and terms for this bridge loan.

Have Property Under Contract
Bob Rosenthal

Borrower Info

 
Frank
No
miami
FL
33155
NA
Yes
miami
FL
33155
04/06/1981
0
650
720 +

Borrowing Business Entity

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
50
01/16/1923
VP
25
03/03/2022

Additional Guarantors

No

Borrower Background

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

Borrower Experience

Yes
0
0
0
0
0
0
0
0
Yes
0
0
0
0
0
0
0
0
0
0
0
0
Upload HUD
0
0
Upload HUD
0
0
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

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

$

- $

= $

Gifts or Grants

Gifts Or Grants : 1

Borrower Employment Information

$

Borrower Monthly Income

$
$
$
$
$
$
$
$
$

$ 9,000.00

(Borrower)

Borrower Monthly Expenses

Monthly Payment

Bal Owed

$ 3,522.75
$
$ 4.17
$
$ 2.50
$
$
$
$
$
$

$ 3,529.42

(Borrower)

Other New Mortgage Loans on the Property

Other New Mortgage Loans : 1

Loan Terms

11/24/2021
$ 524,000.00
12/01/2021
From: 9 - To: 10
Investment
1
Purchase
No Doc
11/24/2020
12 Months
9.900 %
-297.56
Interest Only     Fixed
ILA
$ 2,491.50
360
$ 50.00
$ 30.00
Yes
3
No
Yes
Yes
$ 500,000.00
$ 500,000.00
$ 850,000.00
$ 150,000.00
maxAmtToPutDownClass
$ 203,000.00
commercialTdFieldsClass
40.60000 %
transactionalTdFieldsClass
$
297,000.00
rehabConsClsClass LOCTotalLoanAmt_dispClass
doesPropertyNeedRehabDispDivCLass1
$ 50,000.00
doesPropertyNeedRehabDispDivClass2
100 %
doesPropertyNeedRehabDispDivClass3
$
150,000.00
propertyNeedRehabinitialTddispClass
$
payOffMortgage1_dispClass
$ 13,000.00
$ 14,000.00
propertyNeedRehabinitialTddispClass
$
302,000.00
CORTotalLoanAmt_disp
$ 463,000.00
$
700,000.00
$
570,110.00

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 %

82.65 %

Subject Property Details

miami
FL
33129
Single Family Home
0
0.000  %
0
0
0.00
0
Fair
Needs lots of renovation work. hasnt been updates since 1995
1,000.00
0
In Month
Yes

Rent Roll

$
No
No
No
Yes
3

Subject Property Details 2

123 collateral st
collateralcity
CO
43434
Baca
0
0.000  %
0
0.00

Rent Roll

$
No
No
No

Subject Property Details 3

234 collateralb st
collatcityB
MD
43543
Calvert
0
0.000  %
0
0.00

Rent Roll

$
No
No
No

Subject Property Cash Flow (Annualized)

 
60,000.00
$ 3,000.00
5.00
$
$ 57,000.00
 
50.00
 
30.00
 
3.00
 
3,000.00
 
 
 
 
 
 
 
 
 
 
$ 53,917.00
%
$
1.00
1.80 %
$  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
9.900
1255455
0
0
3,522.75
50.00
3,572.75
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
bpocomp@test.com
(305) 606-2360
safak
miamiattoney
93933

Loan Workout Q & A

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

Additional Questions

Will be remodeling and flipping
0 % for None
">
$
$
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

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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