Is the borrower already in a purchase and sales contract?
If so, have they put any earnest money down?
If so, how much earnest money was put down?
If so, has the borrower entered into this purchase and sales agreement all cash?
If you have an exact closing date, also please list the date as
Current Fair Market Value of property:
How much money does the borrower have to contribute towards the transaction?
Loan amount requested by borrower?
What is the exit strategy on the loan?
Does borrower have a history of buying properties and getting them fully leased up?
How many investment properties has the borrower successfully flipped in the last 24 months?
How many investment properties has the borrower sold in the past 3 years? These properties could have been bought at any time.
What rates and terms is the borrower expecting? (Rate in decimal 3.5 and term in months 24)
Is the borrower already working with another broker or lender?
What is special about your deal?