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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