Construction Form | Fast Money for Flips

Borrower Information

Primary Guarantor First Name

Primary Guarantor Last Name

What type of loan guaranty is preferred

Enter total number of guarantors

What is the estimated average credit score of the guarantor(s):

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?

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?

Sell

Refinance & Hold

Convert to Rental

Other

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 account

Make monthly interest payments

CONSTRUCTION LOAN FORM

REGISTRATION FORM

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