| Contact Information: |
| What is your name? * |
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What is your company name? |
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| What is your street address? |
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What is your phone#? |
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| Fax # |
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What is your cell#? |
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| E-Mail Address? * |
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| Concerning the property, tell us: |
| Property Name |
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Property Address |
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| Property City |
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Property County |
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| Property State |
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Property Zip |
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| 1. What is the real estate tax bill for last year? |
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| 2. Assessors Parcel No. (Tax ID#) |
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| 3. Are there any abated taxes? |
Yes No |
| Are taxes fully assessed at this time? |
Yes No |
| 4. If not, what is the expected full assessment? |
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| 5. What is the property insurance bill for last year? |
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| 6. What date does the insurance premium expire? |
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| 7. Are there any regulatory or deed restrictions concerning the property? |
Yes No |
| If yes, please explain: |
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| 8. What is the current physical occupancy? |
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| Concerning the improvements, the site & who lives there: |
| 1. E-Mail us photos of the property (5 min. to rob@yorkcommercialfinance.com) |
| 2. Tell us: |
| A. How many buildings? |
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| How many stories? |
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| B. When was the property built? |
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| C. When was it last renovated? |
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| Amount of renovations: |
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| D. How many units? |
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| Please describe the breakdown of units with each unit type, how many of each type and square footage of each type: |
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| E. What type of construction? |
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| F. # of parking spaces: |
| covered? |
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uncovered? |
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| garages? |
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| G. What is the site size? |
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| 3. What percentage of the units are leased to: |
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| students? |
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professionals? |
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| section 8? |
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military? |
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| retirees? |
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blue collar? |
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| How many corporate units? |
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| How many furnished units? |
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How many studio units? |
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If Section 8 or other subsidized rents:
What are the requirements and obligations of the owner? |
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| 4. Is the property Mixed-use? |
Yes No |
| If yes, How many commercial units? |
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If yes, what is the total rentable sq. ft. of commercial space? |
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| If yes, describe the types of business in the commercial units. |
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| 5. Is this a Mobile Home Park? |
Yes No |
| Are the park roads paved? |
Yes No |
| How many of the actual mobile homes are owned by the park? |
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| What is the construction of the pads? |
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| 6. What is the current estimated market value of the property? |
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| If this is a refi: |
| 1. What is the existing loan balance? |
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| P & I payment? |
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Interest rate? |
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| Call or due date? |
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Lender Name? |
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| Can this loan be prepaid? |
Yes No |
Was it a trade or straight purchase? |
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| 2. When did you buy the property? |
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| What was the purchase price? |
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What was the down payment? |
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| If this is a purchase: |
| 1. What is the purchase price? |
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Forward a copy of purchase agreement. |
| 2. What physical condition is the property in? |
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| Describe any deferred maintenance? |
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Estimated $ Amt: |
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| 3. What is the dollar amount of any anticipated repairs or improvements you are going to immediately make above your down payment? |
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| 4. What date does your earnest money go hard? |
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| Is there a financing contingency beyond this date? |
Yes No |
| If yes, by what date must you have a commitment? |
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(the drop dead date!) |
| 5. What is the closing date? |
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| 6. Is this an exchange or a straight purchase? |
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| 7. Why are you buying this property? |
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| Concerning the borrower: |
| 1. What is the name of the borrowing entity? |
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| 2. What is the entity structure? |
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| 3. Is the borrower a single asset entity? |
Yes No |
| If no, can it become one? |
Yes No |
| 4. Tell us who owns what percentages of the borrowing entity |
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| 5. Who is the key principal (who signs the closing papers)? |
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| 6. What is the key principal's social security #? |
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| 7. What is the key principal's Date of Birth? |
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| 8. What percentage of the deal, either directly or indirectly does the key principal own? |
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| 9. Brief description of key principal's multi-family ownership or management experience - number of units, dates, etc. |
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| 10. Any past credit issues on borrower/key principal we need to be aware of? |
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| Concerning the Management: |
| 1. What is the name of the managemnt company? |
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| 2. What is the name of the area manager? |
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| 3. What is the name of the on-site manager? |
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| Concerning the loan you want us to give you: |
| 1. What is the current estimated market value? |
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| 2. How much is your loan request? |
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| 3. If this is a refi, what is the reason for your request? |
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| 4. What loan amount do you need? |
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| 5. Tell us what terms you would like: |
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| Term: |
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Amortization: |
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| Yrs. Rate: Fixed (%) |
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Fixed for how long? |
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| Rate: Variable (%) |
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| 6. Concerning the terms of your loan, priortize the following in order of importance to you: |
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| Maximum Loan Dollars/Loan to Value: |
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Interest Rate: |
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| Low Closing Costs: |
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Lowest Overall Financing Cost: |
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| No Personal Recourse/Guarantee: |
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Loan Term or No Balloon: |
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| Assumable By Future Buyers: |
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Future Supplemental Borrowing Provided (via 2nd or 3rd mortgage) |
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| Ability to Pre-Pay Loan |
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| 7. What features do you NOT want in your loan? |
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| 8. When do you want this loan closed? |
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| For 90days or more what date? |
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No urgency |
| 9. Is there a deadline you're under? Please explain: |
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| Deadline Date: |
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| 10. How long do you plan to keep the property? |
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| What is your exit plan? |
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| 11. How do you plan to retire this loan? |
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| 12. What is your most important priority or issue regarding this loan? |
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