Sticks and Loans Commercial Mortgage Real Estate Services

 Permanent Financing (for 1-4 unit investment and pure commercial  properties): This is a loan for a property that is already fully  renovated and leased up (meaning all units are rented out or close to  it). DSCR (Debt Service Coverage Ratio) on the property should be  1.20-1.25 or more.  

1. Borrowers Name:  

2. Borrowers Contact Info (Phone # and email): 

3. Is Borrower a US Citizen? 

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

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

6. Address of Property:   

7.  Is this property zoned commercial or residential? If the property is  zoned residential how many bedrooms and bathrooms does it have? 

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

9. What is the properties square footage?:   

10. How many acres of land is the property on? 

11. Purchase Price (if purchase, PLEASE ONLY FILL THIS IN IF THIS IS A PURCHASE TRANSACTION):  

12. Is the borrower already in a purchase and sales contract?  

13. If yes, have they put any earnest money down on the purchase? If so how much? 

14. Was this purchase and sales contract entered into all cash? 

15. Current fair market value of the property:  

16. When does the borrower need to close?  

17.  How much money does the borrower have to contribute towards the  transaction (Most commercial purchases require 30% down. Borrower also  needs to cover closing costs)? 

18. What is the loan amount requested? 

19. If refinance (how much debt needs to be paid off on this property?): 

20. If Refinance what type of loan are the borrowers currently in? What are the loan terms? 

21. If Refinance, when was the property originally purchased and for how much? 

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

23. If Refinance, has any renovations been done to the property since it was purchased? If so how much did they cost? 

24. If Refinance, is the borrower seeking cash out at all? If so what do they want to use it for?  

25. Is the property owner occupied or a pure investment property?  

26. If this is a pure investment property are all rents being deposited into a bank account and can they be tracked?  

27. What is the occupancy percentage of the property?  

28. What is the monthly rental income on the property?  

29. What are the monthly taxes on the property? 

30. What is the monthly insurance on the property?  

31. If the property type is a condo, is this a warrantable or non-warrantable condo?  

32. Is there are HOA where this property is located? If so how much is it monthly?  

33. Borrowers Fico Scores? (Please list all borrowers scores) 

34. Please list borrows home address 

35. Does the borrower rent or own? Please list monthly payment.  

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

37. Does the borrower have any IRS issues/Liens,  Tax liens, judgments, past bankruptcies, past chapter filings, past  foreclosures, past home modifications,, recent or pending lawsuits  against them? If so please explain and list date:   

38. Has the borrower ever had any mortgage lates? If so when?  

39. What rates and terms is the borrower expecting? 

40. Is the borrower already working with another broker or lender? 

41. What is special about your dea