Contact Information (Section I)
Property Information (Section II)
Send us an old appraisal if you have one. If you don’t have an old appraisal provide the following information
If Section 8 or other subsidized rents: What are the requirements and obligations of the owner?
If yes, How many commercial units?
If yes, what is the total rentable sq. ft. of commercial space?
If yes, describe the types of business in the commercial units.
Are the park roads paved?
How many of the actual mobile homes are owned by the park?
What is the construction of the pads?
Refinance - If applicable, if not skip (Section III)
P & I payment?
Call or due date?
Can this loan be prepaid?
Was it a trade or straight purchase?
What was the purchase price?
What was the down payment?
Purchase - If applicable, if not skip (Section IV)
Email a copy of purchase agreement.
Describe any deferred maintenance?
Estimated Amount in Dollars:
Is there a financing contingency beyond this date?
If yes, by what date must you have a commitment? (the drop dead date!)
Borrower Information (Section V)
If no, can it become one?
Management Information (Section VI)
Requested Loan Information (Section VII)
Yrs. Rate: Fixed (%)
Fixed for how long?
Rate: Variable (%)
Maximum Loan Dollars/Loan to Value:
Low Closing Costs:
Lowest Overall Financing Cost:
No Personal Recourse/Guarantee:
Loan Term or No Balloon:
Assumable By Future Buyers:
Future Supplemental Borrowing Provided (via 2nd or 3rd mortgage)
Ability to Pre-Pay Loan
For 90days or more what date?
What is your exit plan?