Initial Commercial Project Proposal

Initial Project Proposal

CONTACT INFORMATION: (e.g., Agent or Broker)

Contact Names: _____________________________________________________________________
Firm Name Address: _________________________________________________________________
__________________________________________________________________________________
Telephones: __________________________________ __________________________________
Fax: _______________________________________
E-mail: _____________________________________

B0RROWER INFORMATION
Borrower Name: ____________________________________________
Firm Name: ________________________________________________
Address: ___________________________________________________
___________________________________________________________
Telephone: _______________________________ _______________________________________
Fax: ____________________________________
E-mail: __________________________________

PROPERTY/PROJECT INFORMATION Address/Location of Property/Project: __________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
Description of Property/Project:
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
Details on Estimate of Market Value of the Project (Appraisals, Date/As is/ Stabilized/completed):
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

LOAN INFORMATION
Loan Amount: ________________________________
Preferred Terms: __________________________________________________________________________

If Purchase;
Purch. Price: _______________________________
Down Payment made to date: ________________________________
Other expenditures to date: __________________________________
Remainder of DP and Exp. to be made: __________________________
Anticipated Closing Date: ___________________________________
If Refinance;
Existing Liens: ______________________________
Net Operating Income: ______________________________________

If Development or Construction;
Hard Costs: ___________________________
Soft Costs: ____________________________
Pro-forma Data: (attach as separate page)

Project Approval Status;
(provide comments referencing legal status of the project
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________
Attach a Breakdown Statement outlining the utilization of requested financing along with your personal and corporate (if applicable) financial statements. Corporations also must supply a business plan during the loan process.

Please print this form and fax it to us at (732) 744-9575

Use this form to submit a simple inquiry or ask a question