Note: Costs unrelated to the construction of the property cannot be included in the budget, e.g interest reserves,
fees, carrying costs, Uealtor fees, sales and closing costs, etc
Please list any liens or mortgages for the subject property
PLEASE PROVIDE YOUR SALES REPRESENTATIVE WITH ALL PAYOFF CONTACT INFORMATION
The following questions must be answered accurately to properly size and price the loan.
Inaccurately answering these questions could potentially change the quoted terms and/or eligibility for the loan.
If you do not have a Title Insurance company or Property Insurance company you would like to use and would like to
elect to use our preferred vendors, please select one or both below. Otherwise, please fill out all contact information
fields.
Property Access Contact Information
Title Insurance Contact Information
Property Insurance Contact Information
HOA Contact Information (for Condos)
The undersigned, on behalf of the borrowing entity ("Borrower"), specifically represents to Lender and to Lender's affiliates, actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns ("Representatives") and agrees and acknowledges that:
(1) the information provided in this application is true and correct as of the date set forth herein and that any intentional or negligent misrepresentation of this information contained in this application may result in civil and/or criminal liability;
(2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property described in this application;
(3) all statements made in this application are made for the purpose of obtaining a commercial mortgage loan;
(4) the property will be used solely for business, commercial investment, or similar purposes, and no portion of it will be used for agricultural, personal, family, or household purposes;
(5) no individual who, directly or indirectly, has an ownership interest in Borrower (or an immediate family member of such person) will use the property as his or her primary or secondary residence;
(6) Lender and its Representatives may retain the original and/or an electronic record of this application, whether or not the Loan is approved;
(7) the Lender and its Representatives may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts represented herein should change prior to closing of the Loan; and
(8) neither Lender nor its Representatives has made any representation or warranty, express or implied, regarding the property or the condition or value of the property.
My transmission of this application as an "electronic record" containing my "electronic signature", as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.
