Executive Summary Form

1. Contact Information

Borrower      
First Name Last Name
Title  
Address City
Phone Fax
E-mail Method of Contact
Broker      
First Name Last Name
Title  
Address City
Phone Fax
E-mail Method of Contact
Borrower's Attorney      
First Name Last Name
Title  
Address City
Phone Fax
E-mail Method of Contact
Representative      
First Name Last Name
Title  
Address City
Phone Fax
E-mail Method of Contact

2. Loan Information

 
Requested
Proposed
Notes
Loan Amount
Rate
Term
Payment
DSC
NOI
LTV
Value
Cap Rate
Origination Points
Fees for appraisal, EPA, site, visit, title work, etc.
Loan Type

3. Use of Funds

Provide a quick description of "use of funds" i.e. Purchase, Refiance, Construction, Development,
Operating Capital, etc.

4. Exit Strategy

What is the exit or payoff strategy to pay off the balloon at the end of the loan term.

5. Property Description

Complete description of the property and the project, i.e., number of units, square footage, number of acres, age, etc.
Property City
Property County
Property State
What year did borrower purchase subject property?
What did borrower pay for the property?
What is borrower's total cash spent into this property to date?
What is the borrower's current equity in the property?
What debt or back taxes are owed against the property?
What percentage of subject property is occupied today?
Additional comments

6. Current Value

What is today's current value of subject property in it's present condition?

7. Information on Purchase Only or Project Development Transactions

Sales price (Real Estate Part Only) or Projected Cost
Borrower's Cash Down Payment or Owner's Investment
Seller's Held Second Lien, if applicable or Second Financing
Any other additional comments you feel necessary to explain purchase, site, or project cost:

8. Additional Collateral

List any additional real estate the borrower may have that could be used to cross collateralize this loan
request to lower the LTV ratio.

Property Type City
County State
Property Value  
1st Lien Balance 2nd Lien Balance

Property Type City
County State
Property Value  
1st Lien Balance 2nd Lien Balance

Property Type City
County State
Property Value  
1st Lien Balance 2nd Lien Balance

9. Prior Turn Down

Reasons why conventional financing could not be obtained - if applicable.

10. Joint Venture

Would you consider a joint venture? Yes No
Would you consider giving up a percentage of equity in this project to a joint venture if it was the only way to get it approved? Yes No
If yes, up to what percentage would you relinquish?

11. Information about Borrower

Entity
Personal Credit History (score) of all Principles involved.
Prior Project Experience of Principles
Net worth or financial strength of Primary Principles excluding this project.
Primary Principles last 3 years average monthly income.

12. Budget on Subject Property

What was (is) the income and expense on subject property? You do the math. Take out any mortgage interest,
debt service, or depreciation from expense side. Do include any reserves for vacancy or management fees
since lender will most likely call in a professional management team in the event of default. Just fill in the
blanks below.

 
2004
2005
2006
2007
Gross Income
Total Expenses
Net Operating Income
Average Yearly Occupancy
For year 2007, please indicate up to what month the figures are calculated.

13. Available Documentation and Information

Check any documentation or information from a reputable "third party" source the borrower has in his
possession at this time.

Appraisal & Title Information
Appraisal Date Completed
Title Opinion Date Completed
Title Commitment Date Completed
Environmental Reports
EPA Phase I Date Completed
EPA Phase II Date Completed
Asbestos Date Completed
Lead Base Paint Date Completed
Mold Date Completed
Full Financial Statements Prepared by Third Party
Subject Property Date Completed
Principles Date Completed
Corporation or LLC Date Completed

14. Anticipated Budget On Subject Property (Pro Forma Statements)

If new venture, does borrower have anticipated budget calculations for the next 2 years? Yes No
Can provide in 2 weeks or less. Yes No
Can never provide. Yes No

15. Additional Comments

Please include any additional information that would make this deal more appealing to a lender.