Bridge Loan
Bridge Loan Screening
Why does the borrower need short term capital?
When does the borrower need to close?
-
Month
-
Day
Year
Date
What are the uses of proceeds?
Desired Terms
Term, Rate, LTC and LTV
What is the story?
Borrower / Sponsor
Borrower Entity
No Trusts or Individuals
Name
First Name
Last Name
Address
Street Address
Street Address Line 2
City
State / Province
Postal / Zip Code
Phone Number
-
Area Code
Phone Number
Email
example@example.com
Credit Score
(Median)
Number of Flips in last 36 months
(Provide details)
Number of Ground Up Projects in last 36 months
Net Worth
Provide P.F.S. if available
Liquidity
Repeat Customer?
Yes
No
(If Yes) List Loan # or Address of last project
Property Details
Property Address
Street Address
Street Address Line 2
City
State / Province
Postal / Zip Code
When was the land purchased?
What was the acquisition price?
How much has been invested into the asset to date?
Current debt? Current Mortgage info? or Soft Costs?
Project Status
Planning Approval (Entitled)?
Are permits in place?
Are plans approved?
Estimated timeframe to break ground?
Loan Characteristics
Loan Purpose
Loan Term
(Months)
Exit Strategy
Projected Construction Budget
($)
Borrower-Paid Soft Costs & Hard Costs to date
(How much has the borrower invested to date?)
Estimated "As-Built" or "Finish Value"
Requested Loan Amount
Valuation Results
Appraised "As Is" Value
(Estimate)
Original Purchase Date
-
Month
-
Day
Year
Date
Original Purchase Price
($)
Existing Lien Balances
($)
(If Purchase) Purchase Price
($)
(If Purchase) Purchase Date
-
Month
-
Day
Year
Date
Final Steps
Documents To Submit With This Form:
Full Set of Approved Plans
Budget
- must have line item budget
Copy of Permits if available
Borrowers Resume / Track Record
Most Recent
Appraisal
(If Available),
COMPS
,
BPO
or
CMA
as alternative
Comments
Loan to Value (LTV) - Max 65%
Max 65%
Loan to Cost (LTC) - Max 85%
Max 85%
Submit
Should be Empty: