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Loan Application

Pre-Loan Application

NOTE: Our Broker Agreement must be completed and signed by the Client before financing can be obtained through Sandy Beach Capital.

* indicates required field.

Applicant's email address.

SANDY BEACH CAPITAL LLC - Pre-Loan Application

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

E-MAIL: sean @ sandybeachcapital .com

Have you filled out our Broker Agreement yet?

You must fill out and sign our online Broker Agreement before we can legally provide loan services for you. Please follow this link and sign the agreement 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)

Example: "John Q. Public"

Applicant Phone Number

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

Example: (210) 555-6789

Purchase Price:

Enter the price in dollars of the property (or land) that you want to buy.

Refinance Amount:

If refinancing, enter the current total payoff amount in dollars for the existing mortgage loan(s) on the property.

Cash Out Amount:

If refinancing with cash out, enter the amount of cash out in dollars 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 (1-4 family units)(Non-owner occupied)

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

Commercial Loan (Non-residential property)

Residential means Single or up to 4 family living units/residences per property.

Multi-family means 5 or more family living units or homes per property/parcel (including Townhouses, Condos, Apartment Complexes, Planned Unit Developments (PUD), Tract Homes), etc.

Commercial means Mixed Use (i.e combined retail storefront & residential apartment buildings), Storage Complexes, Warehouses, Carwashes, Mechanic shops, Retail stores, etc.

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:

Example: "Nebraska"

ZIP Code of Subject Property

Example: 56789

County (or Parish) Where the Property is Located:

Example: "Polk"

Does the Property Generate Income Now?

Yes

Other

i.e. Is the property rented now?

If Yes, Enter the Gross Monthly Rent in dollars:

Number of Residential Units:

Vacant land/Buildable residential lot (zero)

Single family home (one)

Duplex (two)

Triplex (three)

Quadruplex (four)

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

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

Other

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

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)

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, MIDWAY, NE ); (789 MARKET ST, MIDWAY, NE (As Collateral); (PARCEL NO. 123-45-6789, MADISON COUNTY, NE ).

Borrowing Entity Name:

Enter the full legal name of your business. 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 Note: If 25% or more, ask this person to fill out our online Add Guarantor form

How much of the business does Person 2 own in percentage? (0-100)

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?

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

No, I don't have one yet.

No, I need a Home Valuation Report. - (Available for *$25)

No, The Seller wants a Proof of Funds Letter. - (Available for *$15)

No, The Seller wants a Commercial Proof of Funds Letter. - (Available for *$30)

Other

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

Your Net Worth:

What is the total value of all of your assets including bank accounts, stocks, bonds, annuities, IRA's and real estate combined, minus all of your liabilities and debts owed.

What is your exit strategy?

What is your plan for how you will pay back the loan for this deal.

If this is a rehab or construction, how long will it take you to complete 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/or 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)

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, they are all current.

They are not all current.

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.

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:

Enter your name.

Date Signed:

Enter today's date. Month/Day/Year (eg: 9/30/2024)

Then click the Submit button below.

Loan Application

Pre-Loan Application

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