If you have an exact closing date, also please list the date as well.
Loan amount requested by borrower?
Current Fair Market Value of property:
How much debt needs to be paid off on this property?
What type of loan are the borrowers currently in?
How much money was the property initially purchased for?
Have any renovations been done to the property since it was purchased?
If renovations have been done, how much did they cost?
Is the borrower seeking cash out?
If borrower is seeking cash out, what do they want to use it for?
How much cash on hand does the borrower have in their bank accounts right now?
If this is a pure investment property are all rents being deposited into a bank account and can they be tracked (if the property is already producing income)?
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 interest rates is the borrower expecting?
How many points is the borrower expecting?
Is the borrower already working with another broker or lender?
What is special about your deal?