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 well.
Current Fair Market Value of Land:
Ground Up Construction Cost:
What will the property be worth once it is fully built, (After Repair Value of property?):
How much money does the borrower have to contribute towards the transaction?
Loan amount requested by borrower?
Is there already approved plans and permits to built on the land?
Is this the borrowers first ground up construction project (FYI- Past rehab deals do not count)?
How many investment properties has the borrower successfully built ground up in the last 24 months?
How many investment properties has the borrower successfully built ground up since 2012?
Can the borrower prove the bought and sold properties with Hud-1’s or settlement statements in their company name or personal name?
Can the borrower prove the bought and sold properties with company operating agreements if they do not have Hud-1’s or settlement statements?
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?