*Current Mortgage Data
how far behind? (If you don't know for sure, can you estimate?)
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Present Mortgage Status: |
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*What is the balance of your current mortgage?
1st Mortgage
1st Mortgage
1st Mortgage Holder Balance
Mo. Payment
*If Refinance Loan:
Year Aquired
Original Cost
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INCOME OF COMMERCIAL PROPERTY | |
Any changes pending to improve income? Any special circumstances or comments? |
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Describe
the Property in Detail: Size, Business Use, Age & Condition | | | | | | Location: | | City
and State: | | | | Date of Purchase: | | | | | | What did you or what will you pay
for the property: (Actual Purchase price, not value) | | | | | | Date of Most Recent, Written Appraisal: | |
of (year) | | | | Most Recent Appraised Value: | | | | | | Loan Amount Request: | | | | | | | | | | | | Executive Summary (Please Include): 1. Why are you seeking hard money vs. conventional financing? 2. Is the property income-producing?
If so, what is the gross & net income? 3. How will you make monthly payments on this loan? 4. What is your exit
strategy (loan repayment plan)? 5. JTI can lend 65%. The borrower must have 20% cash/equity. Where will this money come
from? | (use as much space as you need to answer these questions) |
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