Initiative Capital

Permanent Financing Application

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Applicant Information & experience
Business Name: Click here to enter text.
Contact Name: Click here to enter text. / Year Established: Click here to enter text. / Phone(s): Click here to enter text.
Current address: Click here to enter text.
City: Click here to enter text. / State: Click here to enter text. / ZIP Code: Click here to enter text.
Business Type: Choose an item. / Not-for-profit? ☐ Yes ☐ No / How long? Click here to enter text.
President/CEO: Click here to enter text.
Principles/Owner Names: Click here to enter text.
financial & borrowing information
Number of Employees: Click here to enter text. / Loan Amount Requested: $
Total Project Cost: $ / Loan as Percent of Project Cost: %
Loan Request Term: months
Loan Purpose: (Be specific. Add attachments if necessary)
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How do you anticipate repaying the loan at the close of the term?
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Who will be the borrowing entity?
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If it is a partnership or LLC, describe its structure:
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project description and market
Briefly describe the applicant’s experience and track record in real estate development and ownership.
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Describe the project you seek to finance, including basic information such as: type of project, location, project status (e.g. in planning, under construction, existing), age, physical condition, number of apartment units of square feet of commercial construction, etc.
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Does the project involve new construction? If yes, describe the site and why it is well-suited for this project.
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If existing, what is the occupancy and tenant base?
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Describe the basis upon which the decision to proceed was reached according to the market (e.g. market study, analysis of comparable projects, etc.)
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Describe the target market for the project.
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Describe any physical, regulatory or environmental challenges to developing the site.
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What is the zoning status and availability of utilities?
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Is the site under option or contract to purchase?
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What must happen before the development can move forward (e.g. tax credit award, finding an anchor tenant, etc.)?
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What is the timing for this development?
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Application checklist (please check all included documents)
Organizational Information
☐ Audits/tax returns for previous two years / ☐ Board roster
☐ Articles of incorporation or operating agreement / ☐ Management team
☐ Bylaws or articles of organization / ☐ Tax determination letter
☐ Organization chart
Project Description and Market
☐ Location map / ☐ Phase one environmental study
☐ Development team listing / ☐ Sales contract or option agreement
☐ Site plan / ☐ Market study
Financial Documents
☐ Development budget proforma / ☐ As-built appraisal
☐ Operational budget proforma / ☐ Sources of permanent financing
I authorize, Initiative Capital to verify the information provided on this form as to my credit and employment history.
Signature of Applicant: Click here to enter text. / Date: Click here to enter text.
Signature of Co-Applicant, if for joint account:
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