Private Funding

PLEASE READ THIS FIRST

Thank you for considering us for your private funding request.

Our network of private funding partners would be happy to assist you with your project.

Private funding partners work differently than hard money lenders, as they are individuals who use their hard-earned funds. Therefore, our underwriting process requires you, the investor, to answer a set of questions and provide a set of documents to ensure the viability and safety of the investment for our partners.

We sincerely appreciate your collaboration in filling out this questionnaire.

Key Considerations

- Any incomplete form (missing documents in the bottom section or missing information) will not be process or could extended the funding process.

For Transactional Funding

- For Earnest Money Deposit, we require that purchase and sell agreements are uploaded for review of ownership and due diligence periods.

- For Double Closes, we require both A to B and B to C contracts.

For private short-term funding - GAP Loans with Collateral Security (1-6 months)

1. The funding amount you are requesting MUST be able to be secured by enough equity in the collateral property you provide. Enough equity means the total sum of liens is less than 70% of the AS-IS value of the collateral property for a borrower that has less than 3 deals experience; and less than 80% of the AS-IS value of the collateral property for a borrower that has more than 3 deals of experience.

2. Funds are provided at closing and paid back at the end of the requested timeline with interest or a pre-determined monthly interest only payments.

3. All the funds in this request are subject to the foreclosure process typically 30-60 days after the requested timeline.

4. Finally, all our funding requests will be secured with a JV agreement, a promissory note, a deed of trust, and a lender's policy.

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Contact Information

This section aims to collect essential information about the individuals or groups involved in the request.

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Borrower First Name *

Borrower Last Name *

Borrower Company Name *

Borrower Company Street Address *

Borrower Company Street Address Line 2

Borrower Company City *

Borrower Company State/Province *

Borrower Company Postal/Zip Code *

Borrower Email *

Borrower Phone *

How Did You Hear About Us? *

Title Company/Closing Attorney Name *

Title Company/Closing Attorney Street Address *

Title Company/Closing Attorney Street Address 2

Title Company/Closing Attorney City *

Title Company/Closing Attorney State/Province *

Title Company/Closing Attorney Postal/Zip Code *

Title Company/Attorney Contact *

Title Company/Attorney Contact Phone Number *

Title Company/Attorney Contact Email *

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Terms

In this section, we will collect information about the terms of the loan you are interested in.

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Type of Funding Requested *

Amount of funds needed *

If the amount requested contains connector fees, please state the total amount below:

Connector names and connector fees paid from borrower, listed (if applicable)

How many days are the funds needed for?

Close of Escrow Date for Funding *

Do you offer title search before funding? *

Do you offer lender policy?

Is there an option for the lender to be added to the property and liability insurance policies, especially if there will be a rehab?

Are you willing to offer a personal guarantee? *

Are you willing to offer a deed in lieu?

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Utilization of Funds & Collateralization

This section will gather details on how the funds will be utilized and the collateralization of the loan.

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Subject Property Street Address (Must be in the USA, cannot be owner occupied if used as collateral) *

Subject Property Street Address Line 2

Subject Property City *

Subject Property State/Province *

Subject Property Postal/Zip Code *

Subject Property Purchase Price *

What is the Property Type?

Are you buying the property subject-to? *

Will the subject property have other mortgages at closing? *

Subject Property Outstanding Loan Balance (All Liens Prior to Funding W/O construction holdback) *

Subject Property As-Is Value *

Subject Property ARV *

Is the collateral the same as the subject property? *

Collateral Property Adderss (Must be in the USA, cannot be owner occupied)

Collateral Property Street Address Line 2

Collateral Property City

Collateral Property State/Province

Collateral Property Postal/Zip Code

Collateral Purchase Price

What is the current state of the collateral property?

Are you buying the collateral property subject-to?

Will the collateral property have other mortgages at closing?

Collateral Outstanding Loan Balance (All Positions Before Funding)

Collateral As-Is Value

Private Funds Lien Position

Are the senior lien holders open to subsequent liens?

Will project contain any rehab? *

What will the funds be used for? *

If Other, tell us what funds will be used for.

Are there any permits open?

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Earnest Money Deposit(This section only appears when necessary)

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Double Close(This section only appears when necessary)

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Rehab (This section only appears when necessary)

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Exit Strategy

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Which Is Your Primary Exit Strategy? *

Which Is Your Secondary Exit Strategy? *

Which Is Your Third Planned Exit Strategy? *

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Exit - Sell the Property Off-Market (This section only appears when necessary)

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Exit - Cash Out Refi - Conventional (This section only appears when necessary)

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Exit - Cash Out Refi DSCR - Short Term Rental (This section only appears when necessary)

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Exit - Cash Out Refi DSCR - Long Term Rental (This section only appears when necessary)

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Exit - Wrap (This section only appears when necessary)

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Exit - Lease Option (This section only appears when necessary)

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Exit - Rent (This section only appears when necessary)

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Borrower References

Please provide contact info of references you have previously worked with that we would be allowed to contact.

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How many deals has the borrower done in the past 36 months? *

Has the borrower used private money before?

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Other Information

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Any other relevant information you would like to share

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File & Document Upload

In this section, you will need to upload the required documents based on your previous selections. Make sure to check each required box.

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Use of Funds for "Others" - Required Documents

Detailed month-to-month breakdown of expenses

Other Info, Borrower Related - Required Documents *

Provide a short bio of the borrower describing your story and experience in real estate

Articles of organization, operating agreement of the borrower's LLC and and certificate of good standing

Copy of the borrower's ID (driver's license or passport)

Reference letters from other experienced investors

Previous HUDs

Describe in your own words how the private funds + fees will be paid back in your project

For Private Money Lending:

We charge a non-refundable $500 to initiate the process once your deal has accepted. This $500 goes towards the closing cost of preparing paperwork, coordinating with title/closing attorney, underwriting and other such activities. Closing cost are typically between $1500-$2000 in total.

For Earnest Money Deposits:

We charge a non-refundable 5% deposit, $250 minimum. This is credited to towards the fees if the deal goes through.

Do you agree to the above terms on Private Money Lending and Earnest Money Deposits? *

Yes

Uploads *

By submitting this form, I agree to be contacted at the number and email provided. I understand these calls or texts may use computer-assisted dialing or pre-recorded messages.