DealQs

Pre-Approval Questionnaire

Name: *

Email *

Address of subject property *

Line 1

Line 2

City

State

Zip Code

Country

A. Purchase Questions:

1. Are you inquiring about an existing property you own or a new purchase? *

2. What is the purchase price of the subject property? *

3. What is the current value of the property? *

4. How much do you want to borrow? *

5. Do you have any other properties, and if so, how many? *

6. Is the subject property owner-occupied (OO), or non-owner-occupied (NOO)? *

B. Additional Property Information:

1. What type of property is this (i.e., Single Family Residential, Apt. Building, Condo, Townhouse, Land, Commercial)? *

2. Whose name is on the title? And do you hold title to any other property? *

3. How long have you owned this property? (if existing) *

4. How many loans or liens are there on the property? (If existing, 1, 2, or 3) *

5. If there is more than one lien, list the lien amounts on the property and any equity (if applciable). *

6. What lien position would our loan be in? *

7. What is your purpose for borrowing this money? *

8. How soon do you need the money? *

9. How long do you anticipate you will need the money? *

10. Describe the neighborhood this property is in: *

11. Do you have a recent appraisal on the property? If yes, how much did it appraise for? *

C. Refinance Questions: (or for collateral property, if applicable)

1. What is the value of the property? *

2. How much do you owe? *

3. How much do you want to borrow against this property? *

4. What is the LTV (loan-to-value) on this property? *

5. Is this an owner-occupied (OO), or non-owner-occupied (NOO) property? *

Do you need help or have any questions regarding this questionnaire?

If you'd like, give us a call to make an appointment
to be pre-approved in person, or by phone.

Feel free to call our team at
(615) 852-7757 or email us at [email protected]

D. Renovations & Profit Participation:

1. Give a summary of this deal: *

2. Are you willing to profit-share in exchange for loan benefits? *

3. Have you ever defaulted on a loan? *

4. Have you ever filed bankruptcy before or are you in the process of filing? If so, please name the dates, and explain. *

5. Have you ever been foreclosed on or are you in the process of foreclosure? If so, please explain. *

6. Is the loan you are applying for today to avoid a default on another loan? *

7. Do you have someone who is willing to co-sign if necessary? *

8. What do you plan to offer as collateral and/or security for this loan? *

9. Have you ever closed on a private loan before? *

10. Are you new to private lending and real estate investing? If so, welcome! If not, how many deals have you done? How many years of experience do you have in renovations and investment property? *

11. Do you have a portfolio of renovation photos, HUD-1 statements, etc.? *

12. How would you describe your "track record"? *

E. Entities & Partnerships

1. Do you have partners or a business entity/trust you invest with? If so, please give a summary: *

2. Who are some of your previous lenders and how long was the loan term? At what rate? *

3. Can you provide references regarding previous deals? *

4. What is your primary exit strategy for this deal? *

6. What is your secondary exit strategy for this deal? *

5. If this is a "rehab" project, what are your projections for net profit? *

Submit for Pre-Approval