Commercial Loan Initiation Application

Project Information

Your Contact (Full Name):* ** Important Item
Your Contact (Email Address):* ** Important Item
Your Contact (Phone Numbers):* ** Important Item
Your Contact (City, State and Zip Code):* ** Important Item
You Are a:* Borrower. Broker
Type:*  ** Important Item


Amount of Loan Request:*  (Do not use cents or decimals) ** Important Item
Sales Price/Value of the Collateral:*  (Do not use cents or decimals) ** Important Item
Amount of the Down Payment: (if applicable and do not use cents or decimals)
Property Address:*
2nd line of address:
City:*   State:      Zip code (If applicable)
Country:*  
Type of Property:*
Other-Explain:
Gross Rentable Area: (square feet)
Net Rentable Area: (square feet)
Number of Units:
Number of Vacancies:  (if known)
Vacancy Rate for the Area: %
Description of the Building(s):
Age of the Building(s):  years  Last Renovated:  Years ago
Purpose of the Loan:
Interest Rate Desired: %
Loan Fee:  point(s) to the lender and  point(s) to the broker
Amortization Schedule Desired:  years
Loan Term Desired:  year(s)
Special Issues, Problems, or Needs:|
(you may state your loan scenario here.)

Input senior loan info if you're
seeking a second mortgage.
Curb Appeal:

Borrower Information                                                 

  1. Borrower 1
    Name of Borrowers/Couple:*
    Type of Entity:
    Occupation:
    Annual Income:*
    Net Worth:
    Credit:
    Credit Score (if known):  (3 digits)
     
  2. Borrower 2
    Name of Borrowers/Couple:*
    Type of Entity:
    Occupation:
    Annual Income:*
    Net Worth:
    Credit:
    Credit Score (if known):  (3 digits)


This is the last data collection page.  You're almost done!

Property Income

Gross Scheduled Income:  * (annual)
* Include the market rent of any vacant units and any owner-used units
Other Income (laundry, parking, etc.):  (annual)

Expenses                                                    

Real Estate Taxes: (current actual)
Insurance: (current actual)
Management Expenses: (annual)
Repairs and Maintenance:$  (last year actual)
Reserves for Replacement:$  (annual)
Utilities: (last year actual)
Other Operating Expenses: (annual)


BROKER'S RELATIONSHIP TO BORROWER
The borrower is a first time customer.
I have closed a loan for this borrower before.
The borrower is a relative or a personal friend.
I have unusual control over the deal.


I have not yet received a loan package from the borrower.
I have a partial package on the deal.
I have a full package on the deal.
I am dealing directly with the borrower.
I am dealing through another broker or party.

I do not have a signed contract with the borrower.
I have a signed contract with the borrower.

I am relatively new to commercial mortgage finance.
I have some experience brokering commercial loans.
I have been brokering commercial loans for many years.
   

*By submitting this form, you are consenting to receive email and telephone calls from Preferred Mortgage. Your information will not be provided to any other third parties and will be protected subject to our privacy policy.

Copyright © 2005 (Lending Club).