Online Commercial Loan Application

Name of Project:

The Project/Property is a:           Mutii-Family (6+units) Condos Apartment Buildings Farm & Ranch Properties Land Shopping Centers Mobile Home Parks Office Buildings Strip Retail Centers Industrial Buildings Hotels/Motels Mixed-Use Mini-Wharehouses Churches Nursing Homes Casinos Golf Courses Gas Stations Assisted Living Facility Auto Dealership Bed & Breakfast Residential Subivision Develop Medical Facilities Special Use Other Use

Project/Property Address:

Type of Loan requested: Acquisition/Development Bridge Loan Construction loan First Mortgage- perm construction take outs Joint Ventures Letter of Credit Mezzanine Rehab/Remodel 2nd Mortgage

Loan Amount Requested: $

Interest Rate Requested:  %

Loan Structure Requested:  Term:    Amortization:    Prepayment Penalty:  Yes  No

Purpose of Loan: Purchase Refinance - Rate and Term Refinance - cashout Letter of Commitment New Contruction Standby/interm Nonrecourse Notes Purchased

Name of Borrower #1:

Address:

Phone Number:   

Is Borrower #1 a:   Corporation   Partnership (GP, LP, LLP, etc.)   Joint Venture   Reit   Individual   LLC   Other

Borrower #1 Net Worth:  $

Borrowers #1 Net Annual Income:  $

Borrower #1 Credit Score: 

Name of Borrower #2:

Address:

Phone Number:

Borrower #2 is a:   Individual   Corporation   Partnership ( GP, LP, LLP, etc.)   Joint Venture   Reit   LLC   Other

Borrower #2 Net Worth:  $

Borrower #2 Net Annual Income: 

Borrower #2 Credit Score: 

Are There Additional Borrowers:   Yes   No 

Whom is the main Contact:   Borrower #1   Borrower #2

Property Stats:

If New Construction/Development: Cost of Land:  $   Cost of construction:  $  Gross SF Net Rentable/Lease-able SF     Projected Gross annual Income: $ Projected Net Annual Income:  $   Number of Proposed Units:     Vacancy Rate:    Proposed Management Expenses:  $ Proposed Operating Expenses:  $   Proposed Repairs/Maint. Expenses:  $   Proposed Reserves:  $

If Purchase or Refinance: Age of Project:     Original Purchase Price:  $   Current Loan Balance:  $   Gross SF:    Net  Rentable/Lease-able SF:   Gross Annual Income:  $   Net Annual Income:  $   Number of Units:     Vacancy Rate:               Date of Last Renovation:     Management Expenses:  $   Operating Expenses:  $    Repairs/Maint. Expenses:  $   Reserves:  $

Additional Information:

NOTE: There may be additional documents (i.e. Rent/Lease schedules, Financials, Résumé's, Plans & Specs, cost breakdowns, long term income projections, etc.) that will be required along with a possible commercial appraisal for finial approval. See our commercial loan check list for help in the possibilities of what may be required. If you change web pages during the filling out of the application you will lose you data. Make all your reviews prior to the start of the application. Please call and talk to a Loan Officer about your specific needs.

Cornerstone Mortgage 

1-316-683-5623