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Commercial Loan Application

  Purchase

Purchase Price

Down Payment Amount

 Source of Down Payment

Refinance

Loan Amount

 Balance of Existing Loan

Purchase Price

Purchase Date

  Appraisal Value

Describe the significant improvements made in the past 12 months.

Subject Property
Address  City    State   Zip   County     How Old

Property Type

Apartment   

Multifamily   

Mixed Use

  No. of Units    Square Feet 

Office

Retail

Warehouse

  Owner Occupied     What percentage?

Self Storage

Industrial

Auto Shop

 Title will be: Fee Simple   Lease Hold

Mobile Home Park

Restaurant

Motel

Description of Property

Nursing Home

Hotel

Other

  

Title vested in (name of Individual or entity)

Borrower(s) will be:

Corporation

Individuals)

Non-Profit

State of Incorporation/ Formation

LLC

Limited Partnership

Joint Venture

Trust

General Partnership

Other

Complete below if borrower is an entity.

Tax ID

 Current Assets

Current Liabilities

Net Income

Date of Financials

A  Is the Borrower a Co-op?

  Yes

No

B  Is the Borrower a single asset entity?

  Yes

  No

C  is the Borrower a party in lawsuit?

  Yes

No

D  Is there a pending litigation involving the Borrower?

Yes

No

Principals/Guarantors/Individual Borrowers

List below the borrowing entity and all the names of the individual borrowers, general partners or any person or entity that directly or indirectly controls the borrowing entity, including limited partners of a partnership, shareholders of a corporation or members of a limited liability company who own 25% or more of the equity interest in the borrowing entity.                                                                                                 

Name   Title

 Ownership %

Name   Title

 Ownership %

Name   Title

 Ownership %

Name   Title

 Ownership %

Name   Title

 Ownership %

   
 
 
   
   

Borrower #1

Borrower #2

Name (Include Jr. or Sr., if applicable)

 Name (Include Jr. or Sr., if applicable)

Social Security #

Date of Birth

Social Security # Date of Birth

Phone#

E-mail

 Phone# E-mail

Married   Unmarried  Separated

 Married   Unmarried  Separated

Street Address

How Long

 Street Address How Long

City

State

Zip

 City State Zip

Cell Phone 

Rent        Own

 Cell Phone  Rent        Own

Declarations

 

Borrower

Co-Borrower

Explanations.
 

A-Are there outstanding judgments against you?

Yes  No

Yes  No

B- Have you been declared bankrupt in the past several years?

Yes  No

Yes  No

C- Have you had property foreclosed upon or given title or deed in lieu thereof in the last seven years?

Yes  No

Yes  No

D -Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? (This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, and other loans)

Yes  No

Yes  No

E- Are you presently delinquent or in default on any federal debt.er loan?

Yes  No

Yes  No

F- Is any part of the down payment borrowed?

Yes  No

Yes  No

G-Are you a US citizen?

Yes  No

Yes  No

H-Are you a permanent resident alien?

Yes  No

Yes  No

Monthly Income

 

Borrower #1

Borrower #2

Total

Explanations:

 

Base Employee’s  Income

Over Time

Bonus/Commission

Dividends/Interest

Net Income (Total is Calculated on the Real Estate Schedule)

Business Income

Other Income

Total

Acknowledgement and Agreement

Certification: I/We: certify that the information provided in this application is true and correct as of the date set forth opposite my/our signature(s) on this application and acknowledge my/our understanding that any intentional or negligent misrepresentation of the information contained in this application may result in civil liability and/or criminal penalties including, but not limited to fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq. and liability for monetary damages to the lender, its agent, successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which I/We have made in the application. If signing on behalf of an entity and not an individual, I/We certify that I/We have authority to sign on behalf of the entity.

Borrower’s Signature #1

Date 

Borrower’s Signature #2

Date 

 

Comments or Explanations