Client Executive Summary

Please complete this form with as much detail as possible, while keeping information concise and to the point. Supporting information can follow after review of summary. (Please provide pictures.)

Check One: o Individual o Corporation o LLC o Partnership o Other:______________

Name of Business: ______________________________________________________________

Borrower Name(s): _____________________ Title: _________________________________

Address: ______________________________ City: _________________________________

State: _______________________________ Zip: __________________________________

Office Phone: __________________________ Fax: _________________________________

Cell:__________________________________ Other:________________________________

Email:________________________________ Web Page:____________________________

Personal Credit Scores: __________________ Liquidity/Cash: _________________________

Net Worth (Excluding This Average Monthly Income

Project): ______________________________ (Last 3 Years): _________________________

Borrower’s Prior Experience with This Type of Project: ___________________________________

Are there any critical dates which must be met for this project, e.g. 1031 exchange, contract expiration dates, bank note due dates? If yes, please explain and provide dates:

Loan Type: ____________________________ LTV: _________________________________

Property Type: _________________________ LTC: _________________________________

Loan Amount: __________________________ Appraised Value: _______________________

Rate: ________________________________ Total Project Costs: _____________________

Term/Amortization: ______________________ Cap Rate Used:_________________________

Monthly Payment: ______________________ Orig. Points to Broker: ___________________

DSCR:________________________________ Fees (e.g. Appraisal, EPA, Site Visit,

NOI:_________________________________ Title Work, Etc.) $_______________________

Sources Uses

Prepaid Costs: _________________________ Purchase/Acquisition/Refinance: ___________

(Cash Deposits Down Payment): ___________ Development/Reposition: _________________

Deferred Costs: ________________________ Construction/Rehabilitation: _______________

Subordinated Costs: ____________________ Finance Costs: _________________________

Finance Costs: _________________________ Cash Out For This Property: _______________

Loan Amount: __________________________ Cash Out Other: ________________________

Total Funding Sources: ___________________ Total Funding Uses: ____________________

Type of Real Estate and Description:_________________________________________________ _

Number of Units: _______________________ Acreage: ______________________________ _____________________________________

Gross Square Footage: __________________ Net Rentable Area: ______________________ _____________________________________

Age of Structure: _______________________ Condition/Project Status: _________________

Location: Street: _______________________ City:_________________________________ _____________________________________

County: ______________________________ State: ________________________________

Borrower’s Date of Purchase: _____________ Purchase Price: ________________________

Borrower’s Cash Investment in Borrower’s Current Equity

This Property to Date:____________________ in This Property: ________________________

Borrower’s Source of Equity: _______________________________________________________

Borrower’s Current Debt against Liens Or Back Taxes Owed

This Property:__________________________ On This Property: _______________________

Sales Price (Real Estate Only) Earnest Money

or Projected Cost: ______________________ Deposit $______________________________

Misc. Prepaid Expenses __________________ Borrower’s Cash Down Payment: $__________

Seller-Held Second Lien Or Secondary Financing, If Applicable: $___________________________

A. Property Type and Description B. Property Type and Description

City:_________________________________ City: ________________________________

County:________________ State:__________ County:_______________ State:__________ ______________________

Current Value: $________________________ Current Value: $________________________

First Lien Balance: $_____________________ First Lien Balance: $_____________________

Second Lien Balance: $___________________ Second Lien Balance: $___________________

If applicable, would you consider giving up a percentage of equity in this project to a joint venture, if is necessary to gain approval?

o YES If yes, percent willing to relinquish____________ %

o NO

Check One: o Individual o Corporation o LLC o Partnership o Other:______________

Name of Business: ______________________________________________________________

Borrower Name(s): _____________________ Title: _________________________________

Address: ______________________________ City: _________________________________

State: _______________________________ Zip: __________________________________

Office Phone: __________________________ Fax: _________________________________

Cell:__________________________________ Other:________________________________

Email:________________________________ Web Page:____________________________

Personal Credit Scores: __________________ Liquidity/Cash: _________________________

Net Worth (Excluding This Average Monthly Income

Project): ______________________________ (Last 3 Years): _________________________

Borrower’s Prior Experience with This Type of Project: ___________________________________

__________________________________________________________________________________________________________________________________________________________________

(Please compute income and expenses. Deduct any debt service and depreciation from expenses. Include any reserves for vacancy or management fees.)

INCOME (ANNUAL)	2003	2004	2005	YTD THRU ___
Gross Potential Income:
Less 10% Reserve For
Vacancy and Collection Loss:
Effective Gross Income:
Expenses (Annual):
Real Estate Taxes:
Insurance:
Management:
Reserves for Replacement:
Utilities:
Other Operating Expenses:
Total Expenses:
Net Operating Income:
Avg. Yearly Occupancy:

“As Is” Value: __________________________ Bulk Sale _____________________________

Market (Retail) _________________________ Current Occupancy Percentage:______________

Owner Occupancy Percentage: ______________

o Appraisal o Mai? Date Completed: ______________

o Title Opinion o Title Commitment

o Title Policy Date Completed:____________________________________

Environmental Reports:

o EPA Phase I, Date:_____________________________________________

o EPA Phase II, Date:____________________________________________

o EPA Phase III, Date:___________________________________________

Other Third Party Reports: o Geo Tech o Soils o Feasibility

Financial Statements And Taxes (Previous three years prepared by third party and YTD internal) Check all that are available:

o Subject Property o Principals o Corporation, LLC or Partnership

15. Anticipated Budget On Subject Property: (If new venture, current availability of pro-forma statements.)

Check One: o Yes o No If no, date pro-forma will be available:___________________

PROJECTED INCOME STATEMENT:	2006	2007	2008
Income (Annual)
Gross Potential Income:
Less 10% Reserve For
Vacancy and Collection Loss:
Effective Gross Income:
Expenses (Annual):
Real Estate Taxes:
Insurance:
Management:
Reserves for Replacement:
Utilities:
Other Operating Expenses:
Total Expenses:
Net Operating Income:
Avg. Yearly Occupancy: