IBC Resources - Commercial Real Estate Financing Commercial Real Estate Loan Application LOAN APPLIED FOR LOAN AMOUNT INTEREST RATE TERM LOAN TYPE OWNERSHIP TYPE $ % (MOS) [ ] FIXED [ ] ARM [ ] INVESTMENT [ ] OWNER/USER BORROWER INFORMATION BORROWER TIN or SOCIAL SECURITY #: BORROWER'S MAILING ADDRESS: BORROWER(S) WILL BE: [ ] INDIVIDUAL(S) [ ] CORPORATION [ ] FAM. TRUST [ ] LLC [ ] PARTNERSHIP [ ] IRREV. TRUST [ ] OTHER MAIN CONTACT: PH #. FAX #: EMAIL: SUBJECT PROPERTY INFORMATION STREET ADDRESS CITY COUNTY STATE ZIP CODE ZONING: [ ] LEGAL/CONFORMING [ ] RETAIL [ ] LEGAL/NONCONFORMING [ ] OFFICE [ ] REINFORCED BRICK [ ] NONCONFORMING [ ] OTHER: PROPERTY TYPE: [ ] MFR [ ] LIGHT INDUSTRIAL [ ] CONCRETE BLOCK [ ] OTHER:___________________ [ ] CONCRETE TILT-UP [ ] METAL CONSTRUCTED: WOOD FRAME/STUCCO [ ] [ SALES PRICE CASH DOWN PAYMENT ] PURCHASE OF SUBJECT PROPERTY SOURCE OF DOWN PAYMENT (CASH DOWN AND/OR OTHER - EXPLAIN); $ PH#: $ TERM (MOS) INT RATE SUBORDINATE FINANCING AMOUNT: SUBORDINATE LENDER/CONTACT NAME: % [ DATE ACQUIRED PURCHASE PRICE ] REFINANCE OF SUBJECT PROPERTY DESCRIBE SIGNIFICANT REPAIRS AND/OR IMPROVEMENTS MADE AND/OR TO BE MADE (ON CONSTRUCTION TAKE-OUT, ATTACH A COMPLETE COST BREAKDOWN); CURRENT VALUE $ $ ORIGINATION DATE INTEREST RATE MATURITY DATE LIEN POSITION FUNDS TO BE USED TO PAY: LENDER NAME LIEN BALANCE $ $ MONTHLY PAYMENT $ $ REMAINING FUNDS TO BE USED FOR: PROPERTY INCOME PROFORMA GROSS RENTAL INCOME OTHER INCOME: ( LESS VACANCY (___________%) EFFECTIVE GROSS INCOME OPERATING EXPENSES: CAPITAL EXPENDITURES: NET OPERATING INCOME: UNITS BEDROOMS APARTMENT UNIT MIX BATH AVG. SQ. FT. Mo. RENT Units Vacant Rent Control $ $) $ $ $ $ $ PROPERTY DESCRIPTION Tenant # of Total Units: # of Parking Spaces: # of Stories: Lot Size (SF) Bulding Size (SF) Year Built: COMMERCIAL UNIT MIX Net Rentable Lease Exp. Rent/Mos. Area Tenant Tenant Pays Pays NNN CAM IBC Resources - Commercial Real Estate Financing Commercial Real Estate Loan Application (Side 2) BORROWER QUESTIONNAIRE 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Are there any issues listed, pending against the business or any of its affiliates or principal owners? a. Lawsuits b. Judgments c. Liens d. Foreclosure/foreclosure proceedings Have there ever been any liens or stop notices filed on any construction job(s)? Has the business or any of its affiliates or principal owners ever filed bankruptcy, including Chapter 11? Has the business or any of its affiliates or principal owners ever lost any real estate through a foreclosure proceeding or deeded a property to a lender in lieu of foreclosure? Are any of the subject property's real estate taxes, bonds and/or assessments not paid current? Are there any easements or encroachments affecting the subject property that could negatively impact value? Are there any environmental matters affecting the subject property or any adjacent properties? Is the subject property in violation of any current City, County and State building ordinances, requirements for zoning, fire and earthquake? Are any of the leases not currently in full force and effecting the subject property? Does any breach exist on the part of lesser or lessee under the leases and/or does any lessee have any offset, credit or claim against lessor? Are there any lease provisions, options, rights, or contracts existing with respect to the subject property other than disclosed on the lease summary, including sub-leases? Does the fixed monthly rent reflected on the lease summary include any operating expense reimbursement or reimbursements for tenant improvements? *YES NO *If any of the above questions are answered "yes", attach separate explanation. BORROWER (S) SIGNATURE The undersigned applies for the loan indicated in this application to be secured by a first mortgage or deed of trust on the property described herein, and represents that the property will not be used for any illegal or restricted purpose, and that all statements made in this application and the attachments, are true and complete and are made for the purpose of obtaining the loan. Verification may be obtained from any source named in this application and/or in attachments. I/We fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements Signature and Title Date Signature and Title Date DOCUMENTATION REQUEST This is not a complete Loan Application. A complete Loan Application includes but is not limited to, a check for Application Fee, and Business Income Statements for Owner Occupied Propertiesl. Subsequently, please provide the items listed below as specified by Borrower Type. ALL BORROWER TYPES Personal Financial Statement YTD Operating History (P & L) Two full calendar years Operating History Current Rent Roll / Lease Agreements Environmental Questionnaire Environmential Insurance Questionnaire Purchase contract & Escrow Instructions (Purch) Color Photos Borrower's Last two years' Feder Tax Returns, including K-1 Schedules Guarantor's Last two years' Feder Tax Returns, including K-1 Schedules Borrower Type: Limited Liability Company Operating Agreement Articles of Organization (Form LLC-1) Borrower Type: Partnership Executed Partnership Agreement Filed LP1 (Cert. Of Limited Partnerships) Borrower Type: Corporation Articles of Incorporation Bylaws Copy of Statement by Domestic Stock Borrower Type: Individual(s) or Fam.Trust Copies of 2 most recent months bank acct statements Trust Agreement (for Fam. Trust only) Corporation filed w/ the Secretary of State.