Construction Loan Form Primary Guarantor First Name Primary Guarantor Last Name What type of loan guaranty is preferred Unconditional GuarantyAn unconditional guaranty means that the guarantor is liable for the borrower's obligations.Limited Carve-Out and Completion GuaranteesFor limited carve-out and completion guarantees, the guarantor is liable for select bad acts of the borrower, and for completing the project Enter total number of guarantors What is the estimated average credit score of the guarantor(s): 720+701-719681-700680 or lower How many similar projects has the borrower or guarantor group completed in the last 18 months? Project Information Project Name What is the Borrowing Entity name Project Street Address Project City Project State Project ZIP Is this a purchase, refinance, or owned free & clear Purchase What is the purchase price? Seller Carryback Amount What is the Purchase & Sales Agreement closing Date? Refinance When was the property originally purchased? What was the original purchase price? What is the current debt against the property to be refinanced? Subordinate Debt Amount Owned Free & Clear When was the property originally purchased? What is the preferred closing date for the new loan? What is the estimated current market value of the property? What best described the current property? Finished Project Type Single Family Home(s)Multi-Unit (2-4) Home(s)Multi-Unit (Greater than 4 units)Condo(s)Townhome(s)Developed Land/Lot(s)Other Project Loan Program Vertical Construction (No Land Development) How many vertical units will be constructed? What are the total estimated vertical costs to complete the project (not including land costs) Vertical Costs Paid To Date (enter amount, or "0" if not applicable) How many months, on average, to construct each unit? How many months between each start, if multiple units and not being completed concurrently? How many additional months will be needed to market and sell or refinance each unit? What is the total combined vertical value of the project, when completed? Development & Vertical Construction How many lots will be developed? What are the total estimated costs to complete development (not including land costs) Development Costs Paid To Date (enter amount, or "0" if not applicable) How many months will it take to complete development? What is the total combined value of the lots, when development is completed? How many vertical units will be constructed? What are the total estimated vertical costs to complete the project (not including land costs) Vertical Costs Paid To Date (enter amount, or "0" if not applicable) How many months, on average, to construct each unit? How many months between each start, if multiple units and not being completed concurrently How many additional months will be needed to market and sell or refinance each unit? What is the total combined vertical value of the project, when completed? Bridge What is the current Permit Status for the project? What is the exit strategy for the project? SellRefinance & HoldConvert to RentalOther What is preferred down payment? What is preferred estimated loan amount? What is the preferred loan term (in months) Preferred Payment Set up interest reserve accountMake monthly interest payments If you encounter any issues while filling out this form, please don’t hesitate to email us at rida@fastmoneyforflips.com and we’ll assist you as soon as possible.