PALM TREE FINANCIAL CO. LLC

FINANCING REQUEST FORM

CONTACT INFORMATION
PRINCIPALS NAMES
PRINCIPALS FULL ADDRESSES AND PHONE NUMBERS
BORROWERING ENTITIES FULL NAME
BORROWERING ENTITIES FULL ADDRESSES AND PHONE NUMBERS
PROJECT NAME
SPRONSORSHIPS EMAIL ADDRESS
SPONSORSHIP WEBSITE, PHONE & FAX NUMBERS
PURPOSE OF FINANCING:
ACQUISTION OR REFINANCE
(IF THE TRANSACTION IS A ACQUISITION IS THE ASSET UNDER CONTRACT)
** NOTE WE DO NOT UNDERWRITE OR REVIEW ANY ACQUISITION PROJECTS WITHOUT A FULLY EXECUTED PURCHASE AGREEMENT
FINANCING AMOUNT REQUESTED
TYPE OF FINANCING REQUESTED:
(PERMANENT DEBT, EQUITY, MEZZANINE, SR. DEBT, HARD MONEY, TRANSITIIONAL DEBT, CONSTURCTION DEBT, BRIDGE LOAN, SBA, BUSINESS LOAN, SPECIAL PURPOSE ASSET FINANCING, TAX CREDITS, ETC.
DSCR
CAPITAL STACK
(THIS IS FOR LINE ITEMIZATION OF THE USE OF FUNDS BROKEN DOWN E.G. 1ST LIEN, MEZZANINE DEBT, CASH OUT, ETC.
FOR CONSTRUCTION BREAK DOWN THE INVESTED HARD CASH INTO PROJECT, DEBT REQUEST, EQUITY REQUEST, ANY TAX CREDITS OR TIF, ETC.)
THE TOTAL SHOULD EQUAL THE TOTAL PROJECT COST
HARD CASH INTO PROJECT
LTV OR LTC
COMBINED CLTV OR CLTC
USE OF PROCEEDS
PROPERTY DESCRIPTION
TYPE OF REAL ESTATE ASSET
(I.E. RETAIL, OFFICE, HOTEL, LAND, SPECIAL PURPOSE, SINGLE TENANT, LIESURE, ETC.)
FULL ADDRESS LOCATION OF REAL ESTATE
YEAR ACQUIRED AND YEAR BUILT
CURRENT “AS IS” VALUE
IF CONSTRUCTION OR REHAB
PROVIDE ALL IN COST, “AS IS” LAND VALUE AND END COMPLETED VALUE
SQUARE FOOTAGE OF BUILDING
SQUARE FOOTAGE OF SITE
NUMBER OF UNITS OR ROOMS
CURRENT OCCUPANCY PERCENTAGE
WHAT IS THE NET OPERATING INCOME FOR THE PREVIOUS YEAR
WHAT CAP RATE IS BEING USED IN YOUR MARKET FOR THE ASSET TYPE
IF HOTEL/RESORT WHAT IS THE ADR AND REVPAR FIGURES
AMOUNT PAID FOR THE ASSET
DESCRIBE IMPROVEMENTS TO THE ASSET AND DOLLAR SPENT FOR THE IMPROVEMENTS
TOTAL PARKING SPACES
(BREAKDOWN COVERED AND SURFACE SPACES)
PROVIDE PARKING RATIO PER THOUSAND SQUARE FT.
LIEN HOLDER INFORMATION
NAME, BALANCE, PAYMENT AMOUNT
IS MORTGAGE DEBT MATURING, IF YES, WHEN?
MORTGAGE CREDIT RATING FOR THE LAST 24 MONTHS (HOW MANY TIMES 30 DAY, 60 DAY, 90 DAY, 120 DAY PAST DUE)
INDICATE IF THE ASSET IS SINGLE TENANT OR OWNER OCCUPIED ASSET
REAL ESTATE TAXES ANNUAL AMOUNT AND INSURANCE PREMIUMS ANNUAL AMOUNT
REFERRING SOUCE CONTACT INFORMATION
NAME OF FIRM
NAME OF ORIGINATOR
ADDRESS
PHONE
FAX
EMAIL
BORROWER’S DESIRED LOAN TERMS
LOAN TERMS REQUESTED
(TERM IN YEARS, INTEREST RESERVE PERIOD, FIXED OR ADJUSTABLE RATE, EXTENSIONS, ETC.)
REQUESTED RATE & POINTS
TIMING TO CLOSE
EXIT PLAN (MUST BE DETAILED)
ADDITIONAL INFORMATION ABOUT THE SPONSORSHIP
ANNUAL INCOME AVERAGED FOR THE LAST THREE YEARS
BORROWER’S CREDIT RATING & SCORES
(PLEASE DESCRIBE ANY CREDIT REPORT, PERSONAL OR BUISNESS BACKGROUND DEROG. ISSUES IF APPLICABLE, BE SPECIFIC WITH MONTH AND YEAR OF INCIDENT)
**NOTE IT IS BEST TO KNOW ABOUT ANY DEROG. ISSUES UPFRONT, IN AN EFFORT TO SAVE EVERYONE TIME
BORROWER’S OCCUPATION
PRIOR YEARS EXPERIENCE
(BRIEFLY DESCRIBE EXPERIENCE)
SPONSORSHIP TOTAL NET WORTH AND TOTAL LIQUIDITY (BREAK DOWN EACH)
SUMMARY & DETAILS OF PREVIOUS PROJECTS COMPLETED
SUMMARY & DETAILS OF CURRENT REAL ESTATE OWNED
WHAT HAS BEEN DONE THUS FAR PROJECT WISE (PLEASE BE DETAILED SINCE MOST PROJECTS HAVE A LOT OF WORK PUT INTO THEM THAT WE ARE NOT ABREAST OF, SMALLER DETAILS MAYBE VERY HELPFULL)
ADDITIONAL INFORMATION
(I.E. NEW CONSTRUCTION, DESCRIBE PRE-LEASING, RESIDENTIAL DEVELOPMENT NUMBER OF PRE-SALES AND DEPOSIT PERCENTAGE, IF A LAND FINANCE IS IT RAW OR FULLY ENTITLED NUMBER OF ACRES, AND ANY OTHER PERTINENT INFORMATION, ETC.)
ANY ADDITIONAL COLLATERAL OFFERRED (IF YES DESCRIBE)
NOTE SUBMISSIONS WILL NOT BE REVIEWED UNLESS:
1) WE RECEIVE THIS FORM FULLY COMPLETED (DO NOT LEAVE SPACES BLANK THIS MAY CAUSE A DELAY IN PROCESSING YOUR FINANCING REQUEST).
2) WHEN RETURNING THIS FORM SEND BACK VIA EMAIL IN WORD FORMAT, THAT CAN BE OPENED USING WINDOWS XP (DO NOT RETURN THIS FORM VIA FAX OR IN A PDF FILE, THIS IS FOR OUR INTERNAL EDITING AND UNDERWRITING PURPOSES).