SECTION 9

Ground Up Construction Refi of Land

BORROWER INFO:

Borrower Name

Home Address

Phone

What is the Borrower's Self-Declared FICO Score?

Do the guarantors have a 12-mo mortgage history that will show up on his/her credit report? Has to be in the last 4 years. No mortgage lates.

PROPERTY INFO:

Subject Property Address

Number of units

Original Purchase Price

Original Purchase Date

Is there currently a structure on the lot?

If so, will this be a tear down?

If so, How much is the land value only? (That is the value we use for calculations.)

Construction Budget Amount (Need it on our mandatory form)

ARV

Do you have Architectural plans (all schedules) and include Site/elevation plan

Do you have the permit? (You need it before we can close.)

How long will it take you to complete the build?

Do you have a survey? (We will have title order one if you don't have one)

Anything else we should know about this transaction?

ENTITY INFO:

Members of LLC/Company

How much ownership does the Sr. Member own

SREO / TRACK RECORD:

How many past similar vested projects do you have in the last 3 years where you signed the HUD's:

(Complete our track record SREO mandatory form)

(Get signed HUD's and Operating Agreements for each property on the SREO)

What is the most important thing to you with this loan request? (Example, closing quickly, down payment, etc.)

CLOSING SCRIPT:

"Thank you for taking the time to review your loan request with me today. I'll be sharing the details with our front-end team, and you can expect to receive our feedback or general terms via email shortly.

In the meantime, do you have any other current or upcoming projects that may need financing?

We look forward to working with you."

ADDITIONAL NOTES: