Loan Application

Pre-Loan Application

NOTE: This agreement must be completed and signed by the Client before financing can be obtained through Sandy Beach Capital.

SANDY BEACH CAPITAL LLC - Private Funding Services Agreement

FINANCIER: Seán Milroy | PHONE/FAX: (800) 369-3797

E-MAIL: sean @ sandybeachcapital .com

Have you filled out our Brokerage Agreement yet?*

You must fill out and sign our online Brokerage Agreement before we can legally provide loan services for you. Please follow this link and sign the agreement first before you continue with your loan application.

Note: There is no up-front fee required.

Applicant Name: * Your Name: (First Name, Middle Initial, Last Name, Jr/Sr)

Applicant Phone Number * The best number to reach you at if we have any questions about your application. (Mobile number is preferred.)

Purchase Price: Enter the price of the property (or land) that you want to buy.

Refinance Amount: If refinancing, enter the current total payoff amount for the existing mortgage loan in dollars.

Cash Out Amount: If refinancing with cash out, enter the amount of cash out that you want.

Desired Loan Amount: * Enter the total amount that you want to borrow in dollars (including any rehab/construction, or cash out).

Type of loan * Residential Loan means Single or up to 4 family living units/residences per property, including duplex(2), triplex(3), and quadruplex(4) homes. Multi-family Loan means 5 or more family living units or homes per property/parcel (including T

Residential Loan (1-4 family units)

Multi-family Residential Loan (5+ family unit buildings, developments, or subdivisions)

Commercial Loan (Non-residential property or Mixed-use)

Subject Property Address: Enter the full address of the property that will be mortgaged. (example: 123 MAIN ST, UNIT A, MIDWAY, NE)

State where Subject Property or Properties are located:

ZIP Code of Subject Property

County (or Parish) Where the Property is Located:

Does the Property Generate Income Now?

Yes

Other

If Yes, Enter the Gross Monthly Rent:

Number of Units: Enter the number of separate family living spaces/apartments in the building right now.

Vacant land/Buildable residential lot (zero)

Single family home (one)

Duplex (two)

Triplex (three)

Quadruplex (four)

Multi-family (Five or more units/apartments) (Townhouses, Apartments, Condos, etc.)

Commercial (Mixed Use or Non-residential Buildings, Offices, or Storage Units, Etc.)

Other

How Many Units are Rented Right Now? Enter the number of rental units/apartments/houses that are leased and occupied on the property right now (if a single family home; enter 1 for rented, or 0 if vacant).

Original Price, if a Refinance: If a refinance, what was the original purchase price you paid for the property in dollars?

Estimated After Repair Value (ARV) (If a rehab or new construction.) What do you estimate the property will sell for after all the rehab/construction work (if any) is done?

Estimated As-is Value What do you estimate the property would sell for right now, before any work is done?

Additional Property Address(es): Enter the full list of addresses (or parcel numbers) for other properties that you are also considering for a loan with us, or as collateral for this loan, or are part of this deal. (example list: (456 MAIN ST, UNIT B, M

Borrowing Entity Name Enter the full legal name of your business below. This is your LLC or Corporation or Trust or etc. NOTE: The borrower MUST be a business entity. We do not offer loans to individuals.

EIN Number The Federal Employer Identification Number for your business. (Do not enter your Social Security Number.)

Borrowing Entity Type * Note that Sole Proprietorships, Fictitious Names, and DBA's are not entities separate from their individual owners. The Borrower must be an entity separate from its owner, we do not lend to individuals.

PERSON(S) ELIGIBLE TO BIND THE ENTITY:

Include all those with 25% or more ownership of the business below.

PERSON No. 1 Full Legal Name of Person No. 1: (First Name, MI, Last Name, Jr/Sr)

Percentage ownership of Person No. 1 How much of the business does Person 1 own in percentage? (0-100)

PERSON No. 2 (If any) Full Name of Person No. 2: (First Name, MI, Last Name, Jr/Sr)

Percentage ownership of Person No. 2 How much of the business does Person 2 own in percentage? (0-100) Note: If 25% or more, ask this person to fill out our online Add Guarantor form

PERSON No. 3 (If any) Full Name of Person No. 3: (First Name, MI, Last Name, Jr/Sr)

Percentage ownership of Person No. 3 How much of the business does Person 3 own in percentage?. (0-100) Note: If 25% or more, ask this person to fill out our online Add Guarantor form.

PERSON No. 4 (If any) Full Name of Person No. 4: (First Name, MI, Last Name, Jr/Sr)

Percentage ownership of Person No. 4 How much of the business does Person 4 own in percentage?. (0-100) Note: If 25% or more, ask this person to fill out our online Add Guarantor form.

Available Cash to Close. * How much liquid cash do you have available right now to put down on the property? (Note: Most lenders require 10 to 25 percent of the purchase price be paid in cash on the deal at the closing.)

How Much Down-payment does the seller require? How much cash have you paid (or promised to pay) the seller to hold the property for you in dollars? If none, enter 0.

Have You and the Seller Signed a Purchase and Sale Agreement? * A purchase and sale agreement gives you the exclusive right to buy the property at an agreed upon price for a certain agreed upon period of time. The agreement must be signed by both parties

Yes, I have a signed Purchase and Sale Agreement in hand.

No, I don't have one yet.

No, I need to get a Home Valuation Report first. (For *$25 we can provide this for you.)

No, The Seller wants a Proof of Funds Letter first. (For *$15 we can provide this for you.)

No, The Seller wants a Commercial Proof of Funds Letter first. (For *$30 we can provide this for you.)

Other

What is your exit strategy? What is your plan for how you will pay off the loan for this deal.

If this is a rehab or construction, how long will it take you to do the rehab/construction? How many months will it take for you to fix up or build this property?

How will you use the funds provided by this loan? What will you spend the money from this loan on?

How much will you profit from this deal? How much money do you plan on making from this deal after all expenses are paid?

Do you have any rehabbing or construction experience? If yes, please indicate below how many properties in the last 24 months. If none, enter 0.

How many years of experience do you have in rehabbing and construction?

Full Name of Primary Loan Guarantor: * (First Name, MI, Last Name, Jr/Sr) This is you or the person who will sign for the loan.

Phone Numbers for Primary Guarantor: Enter phone numbers for: Cell, Home, and Work. (eg: Home: (210) 555-6789)

Address of Primary Guarantor (example: 123 MAIN ST, MIDWAY, NE 56789)

Date of Birth (Month/Day/Year) (eg: 6/30/1970)

(Office use only) You may skip this line and move on to the next question.

Client code on file.

If you rent or have a mortgage on your current residence, what is the monthly rental/mortgage payment? If you have a lien on your residence, what is the total amount owed on the lien(s)? If none, enter: "None"

How long have you lived at your current residence?

What was your previous address? (example: 123 MAIN ST, MIDWAY, NE 56789)

EMPLOYER INFORMATION

Chose the option below that best describes the source of the bulk of your current income.

Source of Income

Employed (your income is primarily wages or salary from a company that you don't own.)

Self-Employed (your income is primarily a salary or commission from a business that you own or as an independent contractor.)

Business owner (your income is primarily dividends, distributions, or profits from your company.)

Investor (your income is primarily from interest, stocks, bonds, real estate, or other investments.)

Retired (your income is primarily social security, a pension, a retirement account, or a trust fund, etc.)

Disability (your income is primarily disability benefits or injury settlements.)

Stay at home (your income is primarily provided by a spouse or other person, or alimony, or child support.)

Independently wealthy (you have more than enough savings to live on.)

Other

Primary Employer's Address and Length of Time: * Enter your employer's name, address, and number of years with the company, and the position you hold.

Secondary Employer (if any): Enter your second job employer's name, address, and number of years with the company, and the position you hold if you have a second job.

Total Monthly Income: * Enter how much money you earn every month in total. (or divide your annual income by 12.)

Estimated Credit Score * What is your estimated credit reporting agency Credit Score. (a number between 300-850). Or enter "Unknown".

How many completed flips in the last 24 months? * How many homes have you bought, financed, fixed up or constructed and sold, or made into a rental, in the last 2 years?

BORROWER DECLARATIONS:

Note: These disclosures will not necessarily disqualify you for a loan, but we do need to know if any apply to you.

a) Are there any outstanding judgments against you?

Yes

b) Have you, or any officer of your company, or any guarantor been involved in bankruptcy?

Yes

b2) Have you ever been convicted of a felony?

Yes

c) Are you personally or is your business, involved in any lawsuits or pending litigation?

Yes

d) Have you directly or indirectly been obligated on any loan of which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgement? (This would include such loans as home mortgage loans, SBA loans, home improvement loans, etc)

Yes

If “Yes”, provide details, including date, name, and address of lender, FHA or VA case number, if any, and reasons for the action.)

e) Are you, or your business, presently delinquent or in default on any federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee?

Yes

f) Are you a guarantor, co-maker, or endorser for any debt of an individual, corporation, or partnership?

Yes

g) Is any of your stated income likely to be reduced or interrupted within the next year?

Yes

h) Do you have any outstanding letters of credit or surety bonds?

Yes

i) Are any of your tax obligations past due?

Yes

j) Are all of your personal and business tax obligations current?

Yes

SIGNATURE:*

Each of the undersigned hereby authorize Lender and Lender's actual or potential lenders, agents, brokers, processors, attorneys, insurers, servicers, successors and assigns (collectively "Lender") to make all inquiries it deems necessary to verify the accuracy of the information provided herein, and to determine my/our credit worthiness. This includes my/our and my company’s past and present employment, earnings records, bank accounts, stock holdings, insurance information and any other asset balances needed to process this private funding application. I/we also hereby authorize the release of any information necessary for any purpose related to our credit transaction with Lender, including but not limited to a background check and an Office of Foreign Assets Control (OFAC) inquiry. The information obtained is only to be used in the processing of my private funding application. This authorization expires after 120 days from the date indicated below. I/we further authorize Lender to order a private funding credit report and verify all other credit information, including past and present mortgage and landlord references. It is understood that the photocopy of this document shall also serve as authorization to provide the information requested an electronic signature will serve as a legal signature. Privacy Act Notice: This information is to be used for the company and its affiliates collecting it or their assignees in determining whether you qualify for a prospective private funding loan under the company’s program. Additionally, this information may be used to determine fees, pricing, and other compensating factors associated with your private money funding. It will not be disclosed outside the company and its affiliates except as required and permitted by law. You do not have to provide this information, but if you do not your application for approval as a prospective private funding borrower may be delayed or rejected.

I/We have read and I/We agree to the above written agreement and acknowledgment.

Guarantor No. 1 Signature: This is the person who will sign for the loan on behalf of the company and will guarantee the loan. Sign your name below:

Date Signed: (Month/Day/Year) (eg: 9/30/2024)

Loan Application

Pre-Loan Application

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