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10-06-2023, 01:24 PM #1
Construction/Rehab financing submission package
Executive summary for the project
what is the building exactly, what type of property
is it a knockdown or land
Is the land free and clear or is there a lien, whats the LTV?
purchase price - and when purchased
Do you have the land graded, permits, entitlements, final map or final plan and is it shovel ready?
what is the construction cost, hard costs and soft cost
what is the timeline for development
what is the value once completed
is the sponsor going to occupy the property with his business or sell it, or refinance and keep it...exit strategy
resume of experience of the builder
Here is a link to a rehab/construction worksheet:
https://drive.google.com/file/d/1AUe...ew?usp=sharingLast edited by Olderguy; 10-06-2023 at 05:13 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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