Rehab Loan Form - AFD Lending Source, Inc.

*Borrower's First Name

Borrower's Last Name

*Phone Number

*Email

*Is Borrower a U.S. citizen?

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

Has the borrower(s) ever been convicted of a felony? If so, what date did it occur and what was the name of the exact charge?

Company name the borrower(s) are 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:

How many acres of land is the property on?

*What is the current square footage of the property?

Exact property type (Ex: SFR, 2-unit, 7-unit):

Is this property type, considered a mobile or manufactured home at all? If yes, please specify in detail.

*Is this property zoned commercial or residential?

commercial

residential

If the property is zoned residential how many bedrooms and bathrooms does it have?

Is there an HOA where this property is located? If so, what is it and when is it paid?

Is this property vacant or occupied? If it is occupied, by whom?

*Will this property be turned into a different property type? (Ex, will a bedroom, bathroom, a floor, or more square footage be added to the property?)

yes

Purchase Price (PLEASE ONLY FILL THIS IN IF THIS IS A PURCHASE TRANSACTION):

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

yes

Is the borrower buying this property from a wholesaler? (If so, we will need a copy of both purchase and sales agreements/assignment agreement)

If in purchase and sales contract, has any earnest money been put down? If so, how much?

*Current Fair Market Value of property:

*When does the borrower need to close?

*Rehab Cost?

Are architectural plans required for this rehab job? (If so, we will need a copy in order to get the appraisal ordered!)

*ARV (After Repair Value) of property:

*Exit Strategy on Loan?

*How long will the property take to rehab?

How much money does the borrowers have to put into the project (Must have 20-35% (depending on property type) of purchase price plus closing costs) PLEASE PUT IN A DOLLAR AMOUNT, NOT A PERCENTAGE. We will ask for a bank statement to verify these funds.

How many BOUGHT AND SOLD (fix and flip) deals has the borrower done in the past 2 years? (we will need a list with dates bought and sold).

*Can the borrower(s) prove they have bought and sold properties with Hud-1’s or settlement statements in your company name or personal name? (If not, the lender will not count this as experience!)

yes

*How many investment properties has the borrower(s) purchased in the past 3 years? (Primary home does not count. Properties could have been bought at any time.)

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

*Do you currently own the property being rehabbed?

Yes

If Refinance, how much money was put down on the initial purchase?

If the borrower(s) already owns the property, have they put any of their own funds into rehabbing it?

Yes

*Can you prove the money you have put into the project with receipts?

Yes

If the borrower(s) already owns the property how much existing debt is on it?

*Borrowers fico scores (Please list all borrowers scores):