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Deal Details | New Construction - Commercial to Apt Conversion
Borrower Details
Borrower Name
(Required)
First
Last
Email
(Required)
Phone
(Required)
Property Details
Subject Property Address
(Required)
Street Address
Address Line 2
City
Alabama
Alaska
American Samoa
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Northern Mariana Islands
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
U.S. Virgin Islands
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Armed Forces Americas
Armed Forces Europe
Armed Forces Pacific
State
ZIP Code
Current number of units
(Required)
Current occupancy percentage (%)
(Required)
Purchase Price
(Required)
Amount in rehab funds needed
(Required)
What is the total loan amount requested (purchase + construction funds)
(Required)
What will the property be worth when completed (ARV)
(Required)
What is the current / as-is value
(Required)
Value of land or existing structure as it stands now
How long will you need the loan (in months)
(Required)
How many total units will there be when the project is complete
(Required)
How many total structures will there be when the project is complete
(Required)
What will be the average size of each unit
(Required)
What will be the average bed / bath count of each unit
(Required)
How much will each unit sell / rent for
(Required)
What will be the total size of the finished project (in sq ft)
(Required)
How long will construction and entitlements take
(Required)
Has the infrastructure or horizontal work been completed or does it still need to be completed
(Required)
Meaning have roads and utilities (electric / water) been completed?
Not started
In progress
Complete
Other
Do you have an itemized construction budget
(Required)
Yes
No
Other
Do you have the GC license and insurance information
(Required)
Yes
No
Other
Do you have permits approved
(Required)
Yes
No
If yes, do you have copies of the permits
(Required)
Yes
No
If no, did you submit the permits to be approved
(Required)
Yes
No
If no, how long will it take for permits to be approved
(Required)
Yes
No
Do you have the architectural drawings/plans
(Required)
Yes
No
If yes, have the drawings/plans been approved
(Required)
Yes
No
Exit Strategy
(Required)
Sell
Hold
Other
Borrower Experience
How many commercial conversion deals have you done previously and when
(Required)
How many multifamily deals have you done previously and when
(Required)
What is the average sales price of completed / sold previous new construction deals
(Required)
Anything else we should know about this transaction?
