Commercial Real Estate Loan Application

For new residential construction, rehab, refinancing of multi-purpose use, multi-family.

"*" indicates required fields

BusinessFirst Capital
Office: (302) 230-2645
Fax: (302) 300-4990
Email:
support@businessfirstcapitalinc.com
Address:
651 N Broad Street Suite 205 Middletown DE, 19709

Business Information:

Business Name*

Website or Social Media Link

Business ID Number*

We use a EIN

We use a SSN

Business Phone*

Business Type

Business Address*
Street Address Number Of Units City State ZIP Code

Subject Property:

Loan Amount:*

Property Value:*

LTV

Address:*
Street Address Number of Units City State ZIP Code

Improvement Status:*

Improvements Completed

Partially Completed

Not Started

Title In Company Name:*

Yes

No

Property Type:*

Applicant to live in the property for more than 14 days per year?*

Yes

No

Type of Loan:*

Purchase

Refinance

Fix/Flip or Renovation

Purchase Price:*

Original Cost:*

Year Acquired:*

Improvements Made:*

To Be Made:*

Total Improvements:

Livable Square Footage:*

Comparable Properties: (Price Per Sq. Ft.)

ARV: (Average Renovated Value)

Real Estate Owned:

Do You Own Additional Real Estate?

Yes

No

Address
Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Existing Mortgage:

Current Value:

Type

Do You Own A Second Piece Of A Real Estate?

Yes

No

Address
Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Existing Mortgage:

Second Current Value:

Type

Do You Own A Third Piece Of A Real Estate?

Yes

No

Address
Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Existing Mortgage:

Third Current Value:

Type

Do You Own A Fourth Piece Of A Real Estate?

Yes

No

Address
Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Existing Mortgage:

Fourth Current Value:

Type

Business Details

How Many Owners Over 25%?*

Additional Owner Form*
Send me an additional form for other owners to fill out.
No one else will be applying for this loan.

Send Authorization Forms To Other Owners, List Emails Here.*

Your % of Ownership*

Monthly Revenue*

Annual Gross Revenue

Business State Organized?*

Business Start Date?*
Month
Day
Year

Business EIN*

Owner's Information

Marital Status:*

Married

Unmarried

Residency Status:*

US Citizen

Permanent Resident Alien

Non-Permanent Resident Alien

Birth Date*
Month
Day
Year

Your Name*
First Last

Social Security Number*

Email Address*

Cell Phone*

Best Time To Call

Home Address
THE ADDRESS ABOVE IS THE SAME.

Street Address City State ZIP Code

Home Status*

Time At Current Address?*

Verifiable Assets: (Checking, Savings, 401K, Etc)*

Monthly Gross income:*

Credit Score*

Past or Current BK (Last 7 Years)*

Yes

No

IRS*

Current

Payment Schedule

Attention Needed

Pending or Current Litigation*

Nothing Pending

Pending & Active

Attention Needed

Employer Name:*

Employer Address:
Address City State ZIP Code

Years On Job:*

Government Monitoring Information

The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender's compliance with Equal Credit Opportunity, Fair Housing and Home Mortgage Disclosure laws. You are not required to furnish this in formation, but are encouraged to do so. The law provides that a lender may not discriminate either on the bas is of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation and surname if you have made this application in person. If you do not wish to furnish the information, please check the box below.

Agree To Furnish:*

Race:

Ethnicity:

Sex

Business & Personal Authorization

Agreement & Acknowledgement*

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 in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property described in this application; (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 business purpose mortgage loan; (5) the property will be occupied as indicated in this application; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the Loan is 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 should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent, the Lender, its servicers, successors or assigns 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 reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (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.

Acknowledgement: Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency.

I agree to the terms and conditions.

Signature Line: Type Your Full Name*

Date Signed:*
MM slash DD slash YYYY

Signature*

Comments
This field is for validation purposes and should be left unchanged.

Commercial Real Estate Loan Application