Purchase Money & Refinance Loans
RECENT 2021 LOAN CLOSINGS – NEWSLETTER (HERE)
- TULLY INN & SUITES: 55 OLD TULLY ROAD SAN JOSE, CA 95111
- THE INN AT 1252 MONTEREY: 1252 MUNRAS AVE MONTEREY CA 93940
- BLu PACIFIC HOTEL: 2050 N FREMONT ST MONTEREY CA 93940
- VENDANGE CARMEL INN & SUITES: 24815 CARPENTER RD, CARMEL, CA 93923
You gain a competitive advantage with lenders by engaging me as your Broker / Attorney.
I stay personally involved from presentation to loan funding. With 35+ years real estate specialization, it is a fact that Lenders welcome the clarity and thoroughness of my prompt communications that are squarely aimed at helping everyone make informed decisions.
NOW is the time to re-evaluate your debt structure / terms / pricing before inflation locks you into higher interest rates.
- All data is carefully reviewed before submitting anything to lenders.
- ALL documentation, EVERY communication is confidential attorney-client work product.
- The process has become more complex but we simplify.
- Lender approval is dependent on solid financials / borrower liquidity!
- Lenders require the list of documentation set forth below.
UPLOAD DOCS – EASY AS 1-2-3
LIST OF NEEDED DOCS
I need to understand your financial situation and business. Please upload:
- Promissory Note/s – for ALL LOANS
- Mortgage Statement/s – Most recent for ALL LOANS w/Lender contact info
- 2018+2019+2020 Complete ( FED ) Tax Returns, all schedules, for Business Entity
- 2018+2019+2020 + YTD 2021 – Profit & Loss Statement
- Liquidity Statement w/supporting bank statements
At NO initial cost to you, your information / documentation will be reviewed resulting in our written findings, thoughts, & strategies.
We will prepare a financial viability analysis that will help us discuss your best options.
At this point, if we see viability to proceed, we will present you with an exclusive representation agreement for DocuSign E-Signatures. Thereafter, we will need the following documentation to shape into a presentation to several lender prospects to solicit and negotiate the best possible rates and terms.
Tell me more about the owners. From EACH 20%+ owner/s, please upload:
- PFS – Personal Financial Statement – PFS SBA Form 413
- Schedule of Liabilities SBA Form 2202 – Notes, Mortgages, Accounts Payable
- Schedule of Real Estate Owned
- Professional Resume
- Global Table of Mortgages w/interest rate, maturity
- Commercial Real Estate Loan APPLICATION
*HOTEL OWNERS – please upload:
- Any recent APPRAISAL ( dated within last 5 years )
- STR REPORT ( most recent if not an independent )
- ADR Report ( Average Daily Rate per Room )
- Occupancy Report
- Franchise Agreement ( if applicable )
- Construction Bid Estimate if Renovations are to be paid from loan proceeds
Compensation is contingent upon finding you the right / acceptable financing!
Click on these links for more details:
- Looking for an SBA 7(a) / 504 loan? PFS SBA Form 413
NEWSLETTER 2021-Q1 – Investment Forecast by Marcus & Millichap
DI_2021-0802-Corporate-Travel-Return to a world transformed
** These forms originate from WFB for information gathering purposes only.
** WFB may or may not be a lender to which request will be made.
**NOTE: Currently we work with certain properties and loan amounts only. If we can’t help, we will refer.