Carl ****
*****,
Attached is the intake form that Darrius' lenders require on all submissions. Please do not leave any blanks. If something does not pertain to you do not leave it blank...put a N/A in the space.
As soon as that is returned I will push Darrius to move on them. (both for the oil fields & Gentleman's Club)
Below are the necessary items for "hard money" that Darrius asks. Be prepared to comply with the docs needed so we do not miss a beat. I realize each day is crucial.
Hard Money and Private Money for Commercial, Residential, Lot loans, resorts, golf courses, stadiums, capital to expand business, amusement parks, construction projects, and many others.
1. Nornally doesn't need a particular score or credit pulled
2. Income documents may not be required
3. Due Dilligence and third party costs upfront are normally required (Amounts depend on what type of project and how much they are looking for)
4. Rates range from 6.00% - 15.00%
5. Points range from 2% - 10% depending on project and (processing fees and settlement fees)
6. Docs needed
1. Executive Summary related to the project
2. Principal Financial Statement
3. Business Net operating Statement
4. 2008, 2007 and 2006 Personal and Business Tax Returns
5. Proof of Assets (2 Months Bank Statements/Cd's/Stocks/IRA's/Bonds/Annuties/401 (K) Plan
6. Real Estate Owned document
7. Inventory Owned if they are requesting a loan for inventory
8. 1003
9. Copy of ID of principal is sometimes needed
10. We have signed documents and disclosures that need to be filled out as well for each file
Thanks, Carl
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment