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Refinance Auto Loan - Excel - Excel

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Refinance Auto Loan document sample

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									                                                                          Underwriting Checklist
Instructions: In order for your application to be underwritten efficiently,
             please provide the following documentation:


DOCUMENT
Completed Loan Application

Current Rent Roll
Property Cash Flow Projection Evidencing Amounts for Taxes, Insurance,
Management and Other Expenses
Copies of Executed Leases
Last 3 Years of Historical Property Operating Statements or federal tax return
Schedule E or Corporate Tax Returns containing Operating Statements
Tri-merge credit report for all Borrower(s)/Guarantor(s)

Property description, Executive Summary, Brochure, if available

Hazard Insurance Policy/Declaration (Quotes Not Accepted)

Property Type (Multifamily, Mixed Use, Retail, Office, Industrial, etc)
Identify special circumstances (e.g. Condominium, Cooperative, Consolidation,
1031 Exchange, Escrow Arrangement with Title Company, Cross Collateralization,
Additional Collateral Grant)
If legal entity Borrower, organizational chart showing percentage ownership
Interests in all entities
If Purchase Transaction
a. Purchase Agreement
b. Legal Name and Mailing Address of Property Seller
c. Verification of Deposit

Borrower's/Seller's Authorization to Release (e.g. Payoffs, Liens)
If Single Commercial Tenant or Tenant Generates 33% or More of Income AND
Loan at least $1,000,000:
  a. Self-Subordinating Language in Lease – need Estoppel
  b. Without Self-Subordinating Language in Lease – need Estoppel &
Subordination or SNDA
Structural & Environmental Disclosures

Management Agreement, if applicable

If Full Doc Loan,
 a. Last 2 Years of Tax Returns with Schedules
 b. Current 1 Month’s Pay Stubs (YTD P&L for Indep Contractor or Self Empl)
 c. Current 2 years of W-2s and/or form 1099 for independent contractors
If Owner Occupied, Current 3 Years of Business Tax Returns with all Schedules for
Owner Occupant Business
Borrower/Guarantor Identification

Additional documentation as deemed appropriate by underwriter (attach exhibit)




ELECTRONIC COPIES ARE PREFERRED
ALL NON-ELECTRONIC COPIES MUST HAVE ORIGINAL SIGNATURES
                                                                                                       Commercial Loan Application
                                                                                                                     I. LOAN INFORMATION

   Loan Type                                                Amortization Type               Amortization Period (months) Loan Term (Months)           Loan Amount (Dollars)                                     Initial Interest Rate (%)
                                                                 Adjustable Rate Mortgage



                                                                                                              300                         300




                                                                                              II. PROPERTY INFORMATION AND PURPOSE OF LOAN
   Subject Property           Address                                                                    City                         State                                   Zip                                        No. of Units

                                                                                                                                                                                                                              32
   Property Type                                            Legal Description of Subject Property (attach description if necessary)                                                                                      Year Built




                         Multifamily




   Purpose of Loan
                                 Purchase                                                    Square Feet
                                                                                               (GBA)
                                 Rate/Term Refi

                                 Cash Out Refi



   Will Subject Property
   be managed by
   Borrower?                  If "No", Name of Third-Party Management Firm                  Management Firm Phone No. Management Firm Address                                 City                                       State          Zip code
        Yes

        No

   Complete this line if transaction is a purchase
   Estimated Property Value                                                                 Is Seller a Friend, Relative or Affiliate of Applicant?
                                                                                                 Yes

                                                                                                 No

   Complete this section if transaction is a refinance loan

   Year Acquired              Original Cost (a)                                             Cost of Improvements (b)
                                                                                                                                Total (a+b)                                   Has applicant ever been in default of this loan?
                                                                                                                                                                                     Yes      No
                                                                                                                                 $                                      -

   Name of First Lien Holder                                Balance                         Interest Rate                       Maturity Date                                 Prepayment Penalty




   Name of Second Lien Holder                               Balance                         Interest Rate                       Maturity Date                                 Prepayment Penalty



                                                                                                                                                                                                   Will estate will be held in fee-simple?
   Title will be held in what Name(s)                                                       Manner in which Title will be held                                                                     (Leasehold not allowed)
                                                                                                 Individual
                                                                                                                                                                                                       Yes
                                                                                                 Joint with spouse
                                                                                                                                                                                                       No
                                                                                                 Joint with other than spouse

   Source of Down payment/Settlement Charges (explain)




                                                                                                               III. DETAILS OF TRANSACTION

   a. Purchase Price

   b. Alterations, improvements, repairs

   c. Land (if acquired separately)

   d. Refinance (incl. debts to be paid off)

   e. Estimated prepaid items

   f. Estimated closing costs

   g. Discount (if Borrower will pay)

   h. Total costs (add items a through g)                                                                                                                                     $                                                                    -

   i. Borrower's closing costs paid by Seller (max 2%)

   Other credits (explain)




   j. Total "Other credits"                                                                                                                                                   $                                                                    -

   k. Loan amount

   l. Funding Fees / Origination Fees

   m. Loan amount (add k & l)                                                                                                                                                 $                                                                    -

   n. Cash from/to Borrower (subtract i, j, k & l from h)                                                                                                                     $                                                                    -


   Commercial Lending Corporation                                                                                      Page 1 of 5
CBAC - CApp - version 1.0
                                                                                   IV. RENT ROLL INFORMATION ( MULTIFAMILY / MIXED-USE ONLY)
   This section is to be completed if Subject Property is Multifamily or Mixed-Use using current lease information and projected figures, and presented by Borrower(s) or Borrower(s) authorized Agent(s) as accurately as possible. Please
   indicate if a unit is currently "vacant," or if any units will be owner occupied upon acceptance of the loan. In "comments" box, explain where figures came from, especially if projected figures are used.
                                                                             If Subject Property is not Multifamily or Mixed-Use, please fill out "Commercial Rent Roll Certification"



                                                                                                                                                                         Section 8 or
                                                                                                                                                   Lease Start - Lease   Subsidized
   Tenant Name                                         Sq. Feet per Unit                Monthly Base Rent               # Bedrooms & Baths         End Date              (yes or no)                           Comments




                         TOTALS                                       0                  $                          -                                                            0

                                      If Subject Property consists of more than 20 units, please complete 20 units above, then use "Continuation Sheet RR" form for additional tenants/units



                                                                                                 V. COMMERCIAL PROPERTY FINANCIALS
   This section is to be completed using the most accurate information available to Borrower(s) or Borrower's authorized Agent. Borrower(s) pro forma should be completed using the following guidelines: (1) All figures should represent
   annual calculations; (2) Gross Rental figure should be based on current leases, with estimated market rents applied for all vacant and owner-occupied units. Other revenue may be used if it is supported by historical evidence, and a
   5% market vacancy will be automatically applied. A 5% management fee will be automatically applied, and replacement reserves are fixed based on Subject Property characteristics completed in section I above. All other expenses
   should be based on historicals and adjusted upwards to reflect expected costs.

   Revenue                                                           Three Years Prior                            Two Years Prior                              One Year Prior                           Borrower(s) Pro Forma
   Gross Rental

   Other Revenue

   Vacancy/Loss Factor

   Effective Gross Income:                              $                                         -       $                                -        $                                   -       $                                       -

   Operating Expenses

   Real Estate Taxes

   Insurance

   Management (5%)

   General/Administrative

   Utilities

   Repairs & Maintenance

   Marketing & Advertising

   Ground Lease Rental
   Other Expenses

   Total Operating Expenses                             $                                             -   $                                    -    $                                       -   $                                             -



   Net Operating Income                                 $                                             -   $                                    -    $                                       -   $                                             -

   Replacement Reserves                                                                                                                                                                         $                                             -


   Net Cash Flow Available for Debt Service             $                                             -   $                                    -    $                                       -   $                                             -

                                                                                                                                                                                Borrower estimated DSCR →

    NOTE: Backup Documentation should be attached

   Commercial Lending Corporation                                                                             Page 2 of 5




CBAC - CApp - version 1.0
                                                                                        VI. BORROWER INFORMATION
   Complete this section only if Primary Borrower is NOT an individual or natural person.
                                                                                                                                             If Borrower Type is
          Borrower Type                Borrower entity's complete name:                                                                      "Other", specify:                    Street Address of Borrower
          Corporation
                                                                                                                                                                                  City
          LLC

          Limited Partnership
                                                                                                                                                                                  State                                          Zip Code
          General Partnership

          Irrevocable Trust            FEIN or TIN#                       Contact for Loan Correspondence                                    Telephone                                                          Fax                                   Email

          Revocable Trust

          Other
                                             Indicate ownership
                                              percentages and
                                            controlling interests in
                                                  Borrower


                        Primary Borrower/Guarantor                                                                                                              Additional Borrower/Guarantor
   Complete this section ONLY for individuals or natural persons. If there are more than two (2) Borrowers/Guarantors, section VI through section XIII must be completed by each (Click button at bottom of application to
   generate additional Borrower forms).
   Primary Borrower's/Guarantor's Name (include Jr. or Sr. if applicable)                                                                    Additional Borrower's/Guarantor's Name (include Jr. or Sr. if applicable)

   Last                                                                   First                                           Jr. or Sr.         Last                                                               First                                 Jr. or Sr.


   Social Security #                   Home Phone                         DOB                          Yrs. School                           Social Security #                    Home Phone                                     DOB (mm/dd/yyyy) Yrs. School
                                       (incl. area code)                  (mm/dd/yyyy)                                                                                            (incl. area code)


   Marital Status                                                         No. Dependents               Age of Dependents                     Marital Status                                                     No. Dependents   Age of Dependents
   Do not complete if this is an application for an individual loan                                                                          Do not complete if this is an application for an individual loan




   Present                                       Own or Rent?                                           No. of years                         Present                                      Own or Rent?                               No. of years

   Address                                                                City                         State              Zip code           Address                                                            City                                  State          Zip code



                                                                                                                                             Mailing Address, if different from present
   Mailing Address, if different from present address                     City                         State              Zip code           address                                                            City                                  State          Zip code




   If residing at present address for less than two years, complete the following:

   Former                                        Own or Rent?                                          No. of years                          Former                                       Own or Rent?                               No. of years
   Address                                                                City                         State              Zip Code           Address                                                            City                                  State          Zip code


                                       Primary Borrower/Guarantor                                                VII. EMPLOYMENT INFORMATION                                                                    Additional Borrower/Guarantor
   Employer Name                               Self-Employed?                                          Yrs. on this job                      Employer Name                              Self-Employed?                                                Yrs on this job



   Position/Title/Type of Business                                        Business Phone               Yrs. in this field of work            Position/Title/Type of Business                                                     Business Phone       Yrs. in this field of work



   Address                                                                City                         State              Zip code           Address                                                            City                                  State          Zip code


   If employed in current position for less than two years or if currently employed in more than one position, complete the following:
   Employer Name                               Self-Employed?                                                  Dates (from-to)               Employer Name                               Self Employed?                                               Dates (from-to)



   Position/Title/Type of Business                                        Business Phone               Monthly Income                        Position/Title/Type of Business                                                     Business Phone       Monthly Income


   Address                                                                City                         State              Zip code           Address                                                            City                                  State          Zip code



   Employer Name                                Self Employed?                                                 Dates (from-to)               Employer Name                               Self Employed?                                               Dates (from-to)


   Position/Title/Type of Business                                        Business Phone               Monthly Income                        Position/Title/Type of Business                                                     Business Phone       Monthly Income


   Address                                                                City                         State              Zip code           Address                                                            City                                  State          Zip code


                                                                                                  VIII. MONTHLY INCOME AND COMBINED DEBT EXPENSE INFORMATION
   Gross Monthly                                 Individual                           Additional
   Income                                   Borrower/Guarantor                    Borrower/Guarantor              Total**      Combined Monthly Debt Expense                                                             Present Combined                      Proposed

   Base Empl. Income                                                                                    $                               -    Rent

   Overtime                                                                                             $                               -    First Mortgage (P&I)

   Bonuses                                                                                              $                               -    Other Mortgage (P&I)

   Commissions                                                                                          $                               -    Auto Loan Payments

   Dividends/Interest                                                                                   $                               -    Unsecured Debt

   Net Rental Income                                                                                    $                               -    Total Taxes/Insurance
   Other
                                                                                                                                             Other Expenses:
   (Complete "Describe Other                                                                            $                               -
   Income" section below)
                                                                                                                                             Other Expenses:
   Total ($)
                                        $                             -    $                      -     $                               -    Total ($)                                                           $                                -    $                           -

                                                                                                                                                                                            Estimated DTI:
   * Self-employed borrower(s) may be required to provide additional documentation such as tax returns and financial statements.
   ** Include all borrowers/guarantors, including any listed on separate pages

   Describe Other Income:
   Notice: Alimony, child support, or separate maintenance income need not be revealed if applicant(s) chooses not to have it considered for repaying this loan.

                  Party                                                                                                                Description                                                                                                    Monthly Amount




CBAC - CApp - version 1.0                                                                                                                                                                                                                       TOTAL $                            -
   Commercial Lending Corporation                                                                                                Page 3 of 5
                                                                                                       IX. ASSETS AND LIABILITIES
   This section and any applicable supporting schedules may be completed on a combined basis for loans proposed for two individual Borrowers, either married or unmarried, if their assets and liabilities are sufficiently co-mingled that a
   combined presentation is better suited; otherwise separate statements and schedules are required. If the Additional Borrower/Guarantor section was completed for a spouse, the information is this section and supporting schedules
   must include that spouse also.
                                                                                                                                                                                                                         Jointly

                                                                                                                                                                                                                         Not Jointly
                                                                                                                                                                                                  Completed
   Assets                                                                                               Cash or      Liabilities and Pledged Assets. List the creditor's name, address and account number for all outstanding debts,
                                                                                                        Market Value including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc.
                                                                                                                     Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon closing of the
                                                                                                                     proposed loan.
                                                                                                                     Liabilities
   Cash deposit toward purchase held by:

                                                                                                                                                                                              Monthly Payment              Unpaid Balance
   List checking and savings accounts below                                                                              Name of Company                                    Acct. No.         Mo. Payment
   Name of Bank, S&L, or Credit Union                    Account Number

                                                                                                                         Address                  City                      State             No. Payments

   Address                                               City                            State
                                                                                                                                                                                              Mo. Payment
                                                                                                         $         -     Name of Company                                    Acct. No.
   Name of Bank, S&L, or Credit Union                    Account Number
                                                                                                                         Address                  City                      State             No. Payments

                                                         City                            State
                                                                                                                                                                                              Mo. Payment
                                                                                                         $         -     Name of Company                                    Acct. No.
   Name of Bank, S&L, or Credit Union                    Account Number
                                                                                                                         Address                  City                      State             No. Payments

   Address                                               City                            State
                                                                                                                                                                                              Mo. Payment
                                                                                                                         Name of Company                                    Acct. No.
   Name of Bank, S&L, or Credit Union                    Account Number
                                                                                                                         Address                  City                      State             No. Payments

   Address                                               City                            State
                                                                                                                                                                                              Mo. Payment
                                                                                                                         Name of Company                                    Acct. No.
   Stocks & Bonds
                                                                                                                         Address                  City                      State             No. Payments
   Company Name             Number                       Description


                                                                                                                                                                                              Mo. Payment
   Life Insurance net cash value                                                                                         Name of Company                                    Acct. No.
   Face Amount:
                                                                                                                         Address                  City                      State             No. Payments
   Subtotal Liquid Assets                                                                                $         -
   Real estate owned (enter market value from schedule of real estate owned)
                                                                                                                                                                                              Mo. Payment
   Vested interest in retirement fund                                                                                    Name of Company                                    Acct. No.
   Net worth of business(es) owned (attach financial statement)
                                                                                                                         Address                  City                      State             No. Payments
   Automobiles owned:       Make/Model                                                   year


                                                                                                                         Alimony/Child Support/Separate Maintenance Payments Owed to:         Mo. Payment



   Other Assets (itemize)                                                                                                                                                                     No. Payment


                                                                                                                         Job-Related Expense (child care, union dues, etc)                    Mo. Payment



                                                                                                                                                                                              No. Payment


                                                                                                                                                                  Total Monthly Payments       $              -
                                                                                      Total Assets (a) $           -          Net Worth (a-b)      $                                     -    Total Liabilities(b)   $                      -



                                                                                                       X. Schedule of Real Estate Owned

                                                                                                                                                                          * If additional properties are owned, use "RE continuation sheet"
   Property Address                                      Type of Property                S=sold         Present          Amount of Mortgages & Gross Rental Income           Mortgage          Insurance,          Net Rental Income
                                                                                         P=Pending      Market Value     Liens                                               Payments          Maintenance,
                                                                                         R=Rental                                                                                              Taxes & Misc.

                                                                                                                                                                                                                     $                      -
                                                                                                                                                                                                                     $                      -
                                                                                                                                                                                                                     $                      -
                                                                                                                                                                                                                     $                      -
                                                                                                                                                                                                                     $                      -

                                                                                                 Totals $          -      $                  -     $                  -      $           -     $              -      $                      -

   List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s)

                                        Alternate Name                                                                    Creditor Name                                                              Account Number




   Commercial Lending Corporation                                                                              Page 4 of 5




CBAC - CApp - version 1.0
                                                                                                                 XI. DECLARATIONS
                                                                                                                                                                                                                               Additional
   If you answer "Yes" to any questions a through I, please use continuation sheet for explanation                                                                                                      Borrower           Borrower/Guarantor

   a. Are there any outstanding judgments against you?

   b. Have you been declared bankrupt within the past 7 years?

   c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?

   d. Are you a party to a lawsuit?
   e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, title in lieu of foreclosure, or judgment? (This would include such loans as home mortgage
   loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If "Yes" provide details,
   including date, name and address of Lender, FHA or VA case number, if any, and reasons to the action.
   f. Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond or loan guarantee? (if "yes," give details as described in the
   preceding question)

   g. Is any part of the down payment borrowed?



   h. Are you a co-maker or endorser on a note?

   i. Are you a U.S. citizen?

   j. Are you a permanent resident alien?

   k. Do you or any family member intend to occupy the property as a primary or secondary residence? (if yes, complete question m below)

   l. Have you had an ownership interest in a property in the last three years?

      (1) What type of property did you own? Principal residence (PR), second home (SH), or investment property (IP)

      (2) How did you hold title to the home? Solely by yourself (S), jointly with your spouse (SP), or jointly with another person (O)




                                                                                                   XII. ACKNOWLEDGEMENT AND AGREEMENT
   Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information
   provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including
   monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or possible criminal penalties; (2) the loan requested pursuant to this application (the
   "Loan") will be secured by a mortgage or deed of trust on the property described herein; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose
   of obtaining a commercial mortgage loan; (5) the property will be occupied as indicated herein and will not be occupied by the Borrower or a family member of the Borrower except as expressly set forth herein; (6) any owner or servicer
   of the Loan may verify or reverify any information contained in the application from any source named in this application, and Lender, its successors or assigns may retain the original
   and/or an electronic record of this application, even if the Loan is not approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application,
   and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the
   Loan become delinquent, the owner or servicer of the Loan may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer credit
   reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred in whole or in part; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any
   representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this application as an "electronic record" containing my "electronic signature," as those
   terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my
   signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature; (12) THE LOAN PROCEEDS SHALL BE USED SOLELY FOR COMMERCIAL
   PURPOSES AND NOT FOR CONSUMER, PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. Regardless of whether this application includes a specific inquiry regarding any matter, the applicant hereby represents and
   warrants that applicant has not failed to disclose any fact that would likely impact negatively on the lender's decision to make the requested Loan or would otherwise have a material and adverse effect upon the Borrower, any
   Guarantor or the property which is to secure the Loan. When the Applicant agrees to inquire about the status of this application and the Lender approves this application, but the Applicant does not inquire within thirty days from the
   date of submission of this application, the application is deemed withdrawn and no notice is required.

   Signature of Borrower
   or Authorized Agent of                                                                                                  Signature of Additional
   Borrower                                                                                               Date             Borrower or Guarantor                                                                        Date




                         X                                                                                                                        X
                                                                                                 XIII. ORIGINATOR / INTERVIEWER

   To be completed by Interviewer                        Interviewer's Name (Print or type)                                Interviewer's Signature                                                                      Date




   How did you conduct the Interview


                                                         Interviewer's Employer Name                                       Address                                             City               State                 Zip Code
   Agency Case Number

                                                         Interviewer's Phone Number (incl. area code)




   Commercial Lending Corporation                                                                                Page 5 of 5




CBAC - CApp - version 1.0
CLC COMMERCIAL PROPERTY FINANCIALS


                                                Originator Pro Forma       One Year Prior        Two Years Prior         Appraisal             CLC Pro Forma
Revenue:
   Gross Rental
   Other Revenue
   Vacancy / Loss Factor *                      $                -                                                                         $                  -
Effective Gross Income:                         $                -     $                -    $                 -    $                -     $                  -

Operating Expenses:
   Real Estate Taxes
   Insurance
   Management (5%)**                            $                -                                                                         $                  -
   General/Administrative
   Utilities
   Repairs & Maintenance
   Marketing & Advertising
   Other Expenses
Total Operating Expenses                        $                -     $                -    $                 -    $                -     $                  -

Net Operating Income                            $                -     $                -    $                 -    $                -     $                  -

Replacement Reserves***                         $                -                                                                         $                  -

Net Cash Flow Available for Debt Service:       $                -     $                -    $                 -    $                -     $                  -



DSCR

Financial Underwriting




* Amount is calculated as a percentage of Scheduled Gross Income and the maximum of five percent (5%), market vacancy or actual vacancy should be utilized.
** Calculated as a percentage of Effective Gross Income. Management fees should equal the greater of five percent (5%) or market.
*** Calculated as the greater of the underwriter's estimate or as follows:
       Multi-Family                 $250 per unit
       Mixed-Use                    $250 per unit
       Industrial                 $0.20 per sq. ft.
       Retail                     $0.25 per sq. ft.
       Office                     $0.10 per sq. ft.
       Mobile Home Park               $75 per pad



CBAC - Financials - version 1.0
                                                                                                                                                                                         COMMERCIAL RENT ROLL CERTIFICATION




       Subject Property Address:                                           City                                                  State                    ZIP                            Borrower (print name):


                                                                                                                                                                                         Add'l Borrower (print name):

                                                               Sq. Feet    Monthly                                               *Lease Type NN, NNN      Section 8 or Subsidized (yes Tax and                          Escalation
       Tenant                                  Unit No.        per Unit    Base Rent       Lease Start Date Lease End Date       or MG                    or no)                       Insurance            CAM         Date         Comments




                                                       Total              0 $          -                                                                                 0               $        -     $         -
       (**) Lease Type NN = Double Net; NNN = Triple Net; MG = Modified Gross

       The undersigned certify(ies) that all information provided in this rent roll is true, accurate, and complete in all respects.




       Borrower's or authorized Agent's / Seller's Signature                                     Date                            Borrower's or authorized Agent's / Seller's Signature                                  Date




       Borrower's or authorized Agent's / Seller's Signature                                     Date                            Borrower's or authorized Agent's / Seller's Signature                                  Date




CBAC - CommRR - version 1.0
                                                                                      Rent Roll Continuation Sheet
                                                                       # Bedrooms & Baths                              Lease Start - Lease End   Section 8 or Subsidized   Comments
 Tenant                                        Sq. Feet per Unit       per Unit*          Monthly Base Rent            Date                      (yes or no)




                                                                   0                       $                       -                                                   0
 The undersigned certify(ies) that all information provided in this rent roll is true, accurate, and complete in all respects.




                                                                                                                     Date
 Borrower's or authorized Agent's / Seller's Signature __________________________________________________________________ __________________________________




                                                                                                                     Date
 Borrower's or authorized Agent's / Seller's Signature __________________________________________________________________ __________________________________




CBAC - RRcont - version 1.0
                                                                      REAL ESTATE OWNED CONTINUATION SHEET

Property Address                        Type of Property       S=sold          Present Market         Amount of         Gross Rental   Mortgage       Insurance,      Net Rental Income
                                                               P=Pending       Value                  Mortgages &       Income         Payments       Maintenance,
                                                               R=Rental                               Liens                                           Taxes & Misc.


                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                       Totals $                  -     $            -   $         -    $          -   $           -   $            -

The undersigned certify(ies) that all information provided above is true, accurate, and complete in all respects.



Borrower's or authorized Agent's Signature __________________________________________ Date _________________________



Borrower's or authorized Agent's Signature __________________________________________ Date _________________________




CBAC-REcont-version 1.0
                                     CONTINUATION SHEET / COMMERCIAL LOAN APPLICATION
 Use this continuation sheet if you answered "Yes" to any questions a-l in section XI of the application. Please explain:


            Borrower Name:

 Question
 answered
 "Yes" (a-l) Description




 The undersigned certify(ies) that all information provided above is true, accurate, and complete in all respects.


 Borrower's or authorized Agent's Signature __________________________________________ Date _________________________




 Borrower's or authorized Agent's Signature __________________________________________ Date _________________________




CBAC - Cont - version 1.0
                                                                                                 ADDITIONAL BORROWER APPLICATION

                                                                                                                 ORIGINATOR / INTERVIEWER
       To be completed by Interviewer                              Interviewer's Name (Print or type)                           Interviewer's Signature                                                                     Date



       How did you conduct the Interview?
                                                                   Interviewer's Employer Name                                       Address                                      City                                     State         Zip code


       Agency Case No.                                             Interviewer's Phone Number (incl. area code)



                                                                                                                 VI. BORROWER INFORMATION
       Complete this section only if Additional Borrower/Guarantor is NOT an individual or natural person.

                                                                                                                      If Borrower/Guarantor Type is "Other", Street Address of
       Borrower/Guarantor Type Borrower/Guarantor entity's complete name:                                             specify:                               Borrower/Guarantor
          Corporation

          LLC
                                                                                                                                                               City

          Limited Partnership
                                                                                                                                                               State                               Zip Code
          General Partnership

          Irrevocable Trust             FEIN or TIN#               Contact for Loan Correspondence                    Telephone                                Fax                                 Email
          Revocable Trust

          Other                          Indicate ownership
                                          percentages and
                                        controlling interests in
                                              Borrower

                                                                                                                                                                        VII. EMPLOYMENT INFORMATION
       Complete this section ONLY for individuals or natural persons.
                                                                                                                                     Employer Name              Self-Employed?                     Yrs. on this job



       Borrower's/Guarantor's Name (include Jr. or Sr. if applicable)                                                                Position/Title/Type of Business              Business Phone   Yrs in this field of work

       Last                                                        First                                 Jr. or Sr.

                                                                                                                                     Address                                      City                                     State         Zip code
       Social Security #                Home Phone                 DOB
                                        (incl. area code)          (mm/dd/yyyy)           Yrs. School
                                                                                                                                     If employed in current position for less than two years or if currently employed in more than one
                                                                                                                                     position, complete the following:

       Marital Status                                              No. Dependents         Age Dependents                             Employer Name              Self-Employed?                                         Dates (from-to)




       Present                               Own or Rent?                                 No. of years                               Position/Title/Type of Business              Business Phone   Monthly Income

       Address                                                     City                                  State        Zip code

                                                                                                                                     Address                                      City                                     State         Zip code

       Mailing Address, if different from present address City                                           State        Zip Code

                                                                                                                                     Employer Name              Self Employed?                                         Dates (from-to)



       If residing at present address for less than two years, complete the following:                                               Position/Title/Type of Business              Business Phone   Monthly Income

       Former                                Own or Rent?                                 No. of years

       Address                                                     City                                  State        Zip Code       Address                                      City                                     State         Zip code



                                                                                               VIII. MONTHLY INCOME AND DEBT EXPENSE INFORMATION

       Gross Monthly Income                                                       Individual Borrower/Guarantor                      Monthly Debt Expense                                     Present                              Proposed

       Base Empl. Income                                                                                                             Rent

       Overtime                                                                                                                      First Mortgage (P&I)

       Bonuses                                                                                                                       Other Mortgage (P&I)

       Commissions                                                                                                                   Auto Loan Payments

       Dividends/Interest                                                                                                            Unsecured Debt

       Net Rental Income                                                                                                             Total Taxes/Insurance
       Other
                                                                                                                                     Other Expenses:
       (Complete "Describe Other Income" section below)
                                                                    $                                                         -      Other Expenses:
       Total ($)
                                                                    $                                                         -      Total ($)                                     $                               -        $                  -

                                                                                                                                                                 Estimated DTI:
       * Self-employed borrower(s) may be required to provide additional documentation such as tax returns and financial statements.

       Describe Other Income:
       Notice: Alimony, child support, or separate maintenance income need not be revealed if applicant(s) chooses not to have it considered for repaying this loan.

                   Party                                                                                                   Description                                                                                     Monthly Amount




                                                                                                                                                                                                               TOTAL $                         -

       Commercial Lending Corporation                                                                                             Page 1 of 3




CBAC - AddBorrower - version 1.0
                                                                                                  IX. ASSETS AND LIABILITIES
       Assets                                                                               Cash or Market Value Liabilities and Pledged Assets. List the creditor's name, address and account number for all outstanding
                                                                                                                 debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock
                                                                                                                 pledges, etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied
                                                                                                                 upon sale of real estate owned or upon refinancing of the subject property.
                                                                                                                 Liabilities
       Cash deposit toward purchase held by:

                                                                                                                                                                                   Monthly Payment            Unpaid Balance
                                                                                                                                                                                   Mo. Payment
       List checking and savings accounts below                                                                       Name of Company                             Acct. No.
       Name of Bank, S&L, or Credit Union                Account Number

                                                                                                                      Address                  City               State            No. Payments

       Address                                           City                  State
                                                                                                                                                                                   Mo. Payment
                                                                                                                      Name of Company                             Acct. No.
       Name of Bank, S&L, or Credit Union                Account Number

                                                                                                                      Address                  City               State            No. Payments

       Address                                           City                  State
                                                                                                                                                                                   Mo. Payment
                                                                                                                      Name of Company                             Acct. No.
       Name of Bank, S&L, or Credit Union                Account Number

                                                                                                                      Address                  City               State            No. Payments

       Address                                           City                  State
                                                                                                                                                                                   Mo. Payment
                                                                                                                      Name of Company                             Acct. No.
       Name of Bank, S&L, or Credit Union                Account Number

                                                                                                                      Address                  City               State            No. Payments

       Address                                           City                  State
                                                                                                                                                                                   Mo. Payment
                                                                                                                      Name of Company                             Acct. No.

       Stocks & Bonds
                                                                                                                      Address                  City               State            No. Payments
       Company Name                Number                Description


                                                                                                                                                                                   Mo. Payment
       Life Insurance net cash value                                                                                  Name of Company                             Acct. No.

       Face Amount:
                                                                                                                      Address                  City               State            No. Payments
       Subtotal Liquid Assets                                                               $                  -

       Real estate owned (enter market value from schedule of real estate owned)
                                                                                                                                                                                   Mo. Payment
       Vested interest in retirement fund                                                                             Name of Company                             Acct. No.

       Net worth of business(es) owned (attach financial statement)
                                                                                                                      Address                  City               State            No. Payments
       Automobiles owned:          Make/Model                                  year



                                                                                                                                                                               Mo.
                                                                                                                      Alimony/Child Support/Separate Maintenance Payments Owed to: Payment



       Other Assets (itemize)                                                                                                                                                      No. Payment


                                                                                                                      Job-Related Expense (child care, union dues, etc)            Mo. Payment




                                                                                                                                                                                   No. Payment



                                                                                                                                                       Total Monthly Payments → $                     -

                                                                            Total Assets (a) $                 -        Net Worth (a-b) →       $                             -    Total Liabilities(b)   $                    -


       Commercial Lending Corporation                                                                              Page 2 of 3




CBAC - AddBorrower - version 1.0
                                                                         X. Schedule of Real Estate Owner (if additional properties are owned, use continuation sheet)


       Property Address                                     Type of Property          S=sold       Present Market Value       Amount of Mortgages &     Gross Rental        Mortgage           Insurance,          Net Rental Income
                                                                                      P=Pending                               Liens                     Income              Payments           Maintenance,
                                                                                      R=Rental                                                                                                 Taxes & Misc.

                                                                                                                                                                                                                    $                     -

                                                                                                                                                                                                                    $                     -

                                                                                                                                                                                                                    $                     -

                                                                                                                                                                                                                    $                     -

                                                                                                                                                                                                                    $                     -

                                                                                           Totals $                     -     $                    -     $             -     $            -     $              -    $                     -

       List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s)

                                     Alternate Name                                                                     Creditor Name                                                                 Account Number




                                                                                                           XI. DECLARATIONS

       If you answer "Yes" to any questions a through I, please use continuation sheet for explanation

       a. Are there any outstanding judgments against you?

       b. Have you been declared bankrupt within the past 7 years?

       c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?

       d. Are you a party to a lawsuit?
       e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, title in lieu of foreclosure, or judgment? (This would include such loans as home
       mortgage loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If
       "Yes" provide details, including date, name and address of Lender, FHA or VA case number, if any, and reasons to the action.
       f. Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond or loan guarantee? (if "yes," give details as described in
       the preceding question)

       g. Is any part of the down payment borrowed?

       h. Are you a co-maker or endorser on a note?

       i. Are you a U.S. citizen?

       j. Are you a permanent resident alien?

       k. Do you or any family member intend to occupy the property as a primary or secondary residence? (if yes, complete question m below)

       l. Have you had an ownership interest in a property in the last three years?

          (1) What type of property did you own? Principal residence (PR), second home (SH), or investment property (IP)

          (2) How did you hold title to the home? Solely by yourself (S), jointly with your spouse (SP), or jointly with another person (O)




                                                                                                   XII. ACKNOWLEDGEMENT AND AGREEMENT
       The undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information
       provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of the information contained in this application may result in civil liability,
       including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or possible criminal penalties; (2) the loan requested pursuant to this
       application (the "Loan") will be secured by a mortgage or deed of trust on the property described herein; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application
       are made for the purpose of obtaining a commercial mortgage loan; (5) the property will be occupied as indicated herein and will not be occupied by the Borrower or a family member of the Borrower except as expressly set
       forth herein; (6) any owner or servicer of the Loan may verify or reverify any information contained in the application from any source named in this application, and Lender, its successors or assigns may retain the original
       assigns may retain the original and/or an electronic record of this application, even if the Loan is not approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the
       information contained in this application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of
       the Loan; (8) in the event that my payments on the Loan become delinquent, the owner or servicer of the Loan may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name
       and account information to one or more consumer credit reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred in whole or in part; (10) neither Lender nor its agents,
       brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) my transmission of this
       application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this
       application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature; (12) THE LOAN PROCEEDS
       SHALL BE USED SOLELY FOR COMMERCIAL PURPOSES AND NOT FOR CONSUMER, PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. Regardless of whether this application includes a specific inquiry regarding
       any matter, the applicant hereby represents and warrants that applicant has not failed to disclose any fact that would likely impact negatively on the lender's decision to make the requested Loan or would otherwise have a
       material and adverse effect upon the Borrower, any Guarantor or the property which is to secure the Loan. When the Applicant agrees to inquire about the status of this application and the Lender approves this application,
       but the Applicant does not inquire within thirty days from the date of submission of this application, the application is deemed withdrawn and no notice is required.
       Signature of Borrower or
       Guarantor or Authorized
       Agent of Borrower or
       Guarantor                                                                                                                                                                               Date



                                X

       Commercial Lending Corporation                                                                           Page 3 of 3




CBAC - AddBorrower - version 1.0
                                                                      REAL ESTATE OWNED CONTINUATION SHEET

Property Address                        Type of Property       S=sold          Present Market         Amount of         Gross Rental   Mortgage       Insurance,      Net Rental Income
                                                               P=Pending       Value                  Mortgages &       Income         Payments       Maintenance,
                                                               R=Rental                               Liens                                           Taxes & Misc.


                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                                                                                                                      $            -

                                                                       Totals $                  -     $            -   $         -    $          -   $           -   $            -


The undersigned certify(ies) that all information provided above is true, accurate, and complete in all respects.



Borrower's or authorized Agent's Signature __________________________________________ Date _________________________



Borrower's or authorized Agent's Signature __________________________________________ Date _________________________




CBAC-REcont-version 1.0
                                   CONTINUATION SHEET / ADDITIONAL BORROWER APPLICATION
 Use this continuation sheet if you answered "Yes" to any questions a-l in section XI of the application. Please explain:


            Borrower Name:

 Question
 answered
 "Yes" (a-l) Description




 The undersigned certify(ies) that all information provided above is true, accurate, and complete in all respects.




 Borrower's or authorized Agent's Signature __________________________________________ Date _____________________




 Borrower's or authorized Agent's Signature __________________________________________ Date _____________________



CBAC-Cont-version 1.0
                                                                                                          ENVIRONMENTAL DISCLOSURE

     Instructions:        Please send all documentation to Oceans Funding Company, Inc. For contact and specific mailing information,
                          please consult your Account Executive.



 Borrower Name:                                                                          Borrower Name:
 Property Address:
 City:                                                                                                 State:                     Zip Code:
                                                                                                                                          Yes

                                                                                                                                          No
 Year of Construction:                             Source of Water:                                    Wetlands on-site?

 1. Current Property Use (check all that apply):               Retail          Multifamily            Office           Light Industrial

                            Other (be specific):

 2. Past Property Use: (check all that apply):                 Retail          Multifamily            Office           Light Industrial

                            Other (be specific):

 3. Proposed Property Use: (check all that apply):             Retail          Multifamily            Office           Light Industrial

                            Other (be specific):

 4. Have any of the following operations ever been conducted on the property

         Dry Cleaning on-site                                  Gas Station/fueling operations                          Auto Repair/Service

         Hazardous Waste Generator                             Waste Treatment, Storage, Disposal                      Landfill

                                                                            Yes/No                                    Explain
 5. Are there any underground storage tanks currently on-site
 with a capacity above 500 gallons?
 6. Are there any above ground storage tanks currently on-site
 without secondary containment?
 7. Have any underground storage tanks been removed or
 abandoned-in-place for which a No Further Action statement
 was not issued by the controlling agency?
 8. Has a corrective/remedial action for an environmental
 condition been performed at the location in connection with
 which a No Further Action statement was not issued by the
 controlling agency?
 9. Does borrower have any knowledge of a past, threatened or
 pending lawsuit or administrative proceeding concerning a
 release of any regulated substance or any petroleum products
 involving this property?
 10. Have any environmental surveys, investigations or audits
 been performed in connection with the property that resulted in
 any ASTM Recognized Environmental Conditions originating at
 the property?

 The undersigned hereby certify(ies) that information provided in this form is true to the best of their knowledge and belief, and fully understand(s)
 and accepts that this can be construed as an indication that the property is free of environmental concern or contamination. The borrower(s) or
 Borrower's authorized agent(s) is fully responsible for completion of any investigations required to protect their interests.




   Borrower's or authorized Agent's Name           (printed)                                 Borrower's or authorized Agent's Signature         Date




   Borrower's or authorized Agent's Name           (printed)                                 Borrower's or authorized Agent's Signature         Date




CBAC - Environment - version 1.0
                                                                                                     STRUCTURAL DISCLOSURE

          Instructions:           Please send all documentation to Commercial Lending Corporation. For contact and specific
                                  mailing information, please consult your Account Executive.


          Borrower Name:                                                      Borrower Name:
          Property Address:
          City                                                                State             Zip code                    Year of Construction




          Please answer each numbered question below with either "Yes", "No", or "N/A".

             1                    Seller/Owner has occupied the property within the last 12 months ( No explanation is needed).

             2                    I am aware of any flooding or recurring leakage problems.
                                  I am aware that the property is located in a flood plain or that I currently have flood hazard insurance on
             3                    the property.

             4                    I am aware of material defects in the basement or foundation (including cracks and bulges).

             5                    I am aware of leaks or material defects in the roof, ceilings, or chimney.

             6                    I am aware of material defects in the walls or floors.

             7                    I am aware of material defects in the electrical system.
                                  I am aware of material defects in the plumbing system (includes such things as water heater, sump pump,
             8                    water treatment system, sprinkler system, etc.).

             9                    I am aware of material defects in the well or well equipment.

            10                    I am aware of unsafe conditions in the drinking water.

            11                    I am aware of material defects in the heating, air conditioning, or ventilating systems.

            12                    I am aware of material defects in the fireplace or wood-burning stove.

            13                    I am aware of material defects in the septic, sanitary sewer, or other disposal system.

            14                    I am aware of unsafe concentrations of radon on the premises.

            15                    I am aware of unsafe concentrations of , or unsafe conditions relating to asbestos on the premises.
                                  I am aware of unsafe concentrations of, or unsafe conditions relating to lead paint, lead water pipes, lead
            16                    plumbing pipes or lead in the soil on the premises.
                                  I am aware of mine subsidence, underground pits, settlement, sliding, upheaval, or other earth stability
            17                    defects on the premises

            18                    I am aware of current infestations of termites or other wood boring insects.

            19                    I am aware of structural defect caused by previous infestations or termites or other wood boring insects.

            20                    I am aware of underground fuel storage tanks on the property.

            21                    I am aware of boundary or lot line disputes.
                                  I have received notice of violation of local, state or federal laws or regulations relating to this property,
            22                    which violation has not been corrected.




          Borrower's or authorized Agent's Name           (printed)           Borrower's or authorized Agent's Signature               Date




          Borrower's or authorized Agent's Name           (printed)           Borrower's or authorized Agent's Signature               Date



CBAC - Structural - version 1.0
                                       CREDIT BUREAU AUTHORIZATION FORM

   Commercial Lending Corporation
   10475 Park Meadows Dr Ste 600
   Lone Tree, CO 80124
   (CLC)

   Re: Credit Bureau Authorization

   Gentlemen:

   In order to satisfy your underwriting requirements, you are hereby authorized to request a
   credit bureau consumer report from an independent credit reporting agency with regard to
   my personal and/or business credit in conjunction with my application for business credit. I
   agree that this a business transaction that involves purely commercial purposes. I agree to
   cooperate fully with said independent agency in the matter.


   The credit bureau consumer report must not include information collected for potential use
   in a transaction involving credit or insurance for personal, family or household purposes.
   The consumer report must not include information from an "investigative consumer report"
   as that term is defined in the Fair Credit Reporting Act.

   This will also authorize CLC obtain this independent credit report and to verify the
   references and depository institutions supplied on the attached form.

   I further authorize CLC to disclose for the purpose of obtaining financing for the Property,
   all financial and other information submitted to it by the Borrower and others in connection
   with the Property, and will serve to release CLC, its agents, and employees from liability
   arising from such disclosures.

   Very Truly Yours,




   By:

   Title:

   Signed this                                               day of _________ , 20 ______




CBAC - CreditAuth - version 1.0
BUREAU AUTHORIZATION FORM




       CBAC - CreditAuth - version 1.0

								
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