Ground-Up Loan Form - AFD Lending Source, Inc.

*Borrowers First Name

Borrowers Last Name

*Phone Number

*Email

Is borrower a U.S. citizen?

Yes

*Are the Buyer and seller related by blood or marriage on this transaction? If yes, please explain.

Yes

If yes, please explain.

*Has the borrower(s) ever been convicted of a felony?

Yes

If so, what date did it occur and what was the name of the exact charge?

Company name the borrower(s) is closing in (must close in a corporate entity):

What name is the property currently titled in (company or personal name), if applicable?

*Who makes up the entity and what are their percentages of ownership?

*Address of Property (if just a plot, please list city and state)

*Address 2 of Property (if just a plot, please list city and state)

City

State

Zip

*Exact property type that will be built (Ex: SFR, 2-unit, 7-unit):

*Will the property being built be considered a mobile or manufactured home in any way?

Yes

If yes, please specify in detail.

*Will this property be zoned commercial or residential?

Commercial

Residential

*What will the square footage of the property being built be?

*How many acres make up this land?

Purchase Price of land (if applicable)
PLEASE ONLY FILL THIS IN IF THIS IS A PURCHASE TRANSACTION)

*Is the borrower already in a purchase and sales contract?

yes

What is special about your deal?

When does the borrower need to close?

If you already own the land what is it currently worth?

If you already own the land when did you purchase it and for how much?

If you already own the land how much debt is on the land?

If the land is already owned free and clear, how liquid is the borrower (s) (we need to calculate your reserves and closing costs):

Are there already approved plans and permits on the land (we will need a copy)?
Please upload a copy of the documents

doc docx mpg mpeg mp3 mp4 odt odp ods pdf ppt pptx txt xls xlsx

Construction Cost:

*What will the property be worth once it is fully built?

*How much money can the borrower(s) dedicate to this project?

*What is the borrowers net worth?

*What is the loan amount requested?

*Exit Strategy on Loan (Refinance or Sell):

*How long will the property take to construct?

How long will the property take to sell (if applicable?)

*Will this property be owner occupied or an investment property when it is constructed?

Owner occupied

Investment property

*If Investment, will this property be a triple net lease property?

Yes

Borrowers experience running this type of business (if owner occupied)?

Yes

*Is the borrower already producing income in this business line or is this a start up?

Yes

No, this is a start up

*Borrowers fico scores? (Please list all scores)

How many construction projects have the borrowers-built ground up and SOLD in the past 24 months (can you prove this with Hud-1’s or settlement statements in your company name or personal name)?

*How many construction projects has the borrower-built ground up and SOLD since 2012?

*Can the borrower(s) prove they have bought and sold properties with Hud-1’s or settlement statements in their company name or personal name?

Yes

How many investment/rental properties does the borrower currently own, that are currently leased out (They must be rented with an actual leased tenant)?

Borrowers Home Address

Borrowers Home Address 2

City

State

Zip

*Does the borrower rent or own?

Own

Rent

Please list monthly payment.

Do the borrowers own any other investment properties?

Yes

If so, how many?

Does the borrower(s) have any IRS issues/liens, Tax liens, judgments, past bankruptcies, past chapter filings, past foreclosures, past home modifications, recent or pending lawsuits against them, current delinquent bills, or any current or past credit issues we need to know about? If so, please explain and list date:

Has the borrower(s) ever had any mortgage lates?

Yes

If so when?

Does the borrower(s) regularly file taxes with the IRS?

Yes

If not, what years were not filed?

What rates and terms are the borrower expecting?

*Is the borrower already working with another broker or lender?

Yes

*What is special about your deal?