Hard Money Loan Application | Best REI Funding

This application is comprehensive. Our goal is to collect as much information as possible up front to avoid delays caused by underwriters asking for last minute information. We realize this can be daunting to fill out. However, it will save you a ton of time, delays, and frustration later by filling it all out now.

Have you worked with us before?*

Who can we thank for the referral?

If you are a newer investor, are you open to a partner?

Purchasing Entity Information

Entity Name:*

We do not lend to individuals. You must be purchasing in an entity. The property can be transferred later if needed.

Entity Type:

What kind of entity will you be purchasing the property in.

Formation State:*

What State did you form the entity?

Entity EIN:

Number of Members/Shareholders:*

Primary Entity Contact:

Entity Phone:*

Entity Email:*

Entity Address:*

Entity City:*

Entity State:*

Entity Zip Code:*

Borrower 1 Information

First Name:*

Must be a person, not an entity

Last Name:*

Must be a person, not an entity

Birth Date:*

Social Security Number:*

Cell Phone:*

Best Email:*

Title/Role*

Entity Ownership %*

Please enter a number from 1 to 100.

Est Credit Score:*

Cash Reserves:*

Please enter a number from 0 to 10000000.

Address:*

Physical address only. PO Boxes, UPS Stores, etc. are not permitted.

City:*

State:*

Zip Code:*

Employer:*

Employer Phone:*

How many wholesales in the past 3 years:*

How many flips/rehabs in the past 3 years:*

How many rental units do you have:*

Any Open Judgements:*

Have you ever filed Bankruptcy:*

Any foreclosures on your record:*

Any open/pending lawsuits:*

Are you delinquent on any loans or credit cards:*

Are you related to any other borrowers on this loan:*

Do you have any felonies:*

Nearest Relative Name:*

Nearest Relative Phone:*

Borrower 2 Information

First Name:*

Must be a person, not an entity

Last Name:*

Must be a person, not an entity

Birth Date:*

Social Security Number:*

Cell Phone:*

Best Email:*

Title/Role*

Entity Ownership %*

Please enter a number from 1 to 100.

Est Credit Score:*

Cash Reserves:*

Please enter a number from 0 to 10000000.

Address:*

Physical address only. PO Boxes, UPS Stores, etc. are not permitted.

City:*

State:*

Zip Code:*

Employer:*

Employer Phone:*

How many wholesales in the past 3 years:*

How many flips/rehabs in the past 3 years:*

How many rental units do you have:*

Any Open Judgements:*

Have you ever filed Bankruptcy:*

Any foreclosures on your record:*

Any open/pending lawsuits:*

Are you delinquent on any loans or credit cards:*

Are you related to any other borrowers on this loan:*

Do you have any felonies:*

Nearest Relative Name:*

Nearest Relative Phone:*

Borrower 3 Information

First Name:*

Must be a person, not an entity

Last Name:*

Must be a person, not an entity

Birth Date:*

Social Security Number:*

Cell Phone:*

Best Email:*

Title/Role*

Entity Ownership %*

Please enter a number from 1 to 100.

Est Credit Score:*

Cash Reserves:*

Please enter a number from 0 to 10000000.

Address:*

Physical address only. PO Boxes, UPS Stores, etc. are not permitted.

City:*

State:*

Zip Code:*

Employer:*

Employer Phone:*

How many wholesales in the past 3 years:*

How many flips/rehabs in the past 3 years:*

How many rental units do you have:*

Any Open Judgements:*

Have you ever filed Bankruptcy:*

Any foreclosures on your record:*

Any open/pending lawsuits:*

Are you delinquent on any loans or credit cards:*

Are you related to any other borrowers on this loan:*

Do you have any felonies:*

Nearest Relative Name:*

Nearest Relative Phone:*

Borrower 4 Information

First Name:*

Must be a person, not an entity

Last Name:*

Must be a person, not an entity

Birth Date:*

Social Security Number:*

Cell Phone:*

Best Email:*

Title/Role*

Entity Ownership %*

Please enter a number from 1 to 100.

Est Credit Score:*

Cash Reserves:*

Please enter a number from 0 to 10000000.

Address:*

Physical address only. PO Boxes, UPS Stores, etc. are not permitted.

City:*

State:*

Zip Code:*

Employer:*

Employer Phone:*

How many wholesales in the past 3 years:*

How many flips/rehabs in the past 3 years:*

How many rental units do you have:*

Any Open Judgements:*

Have you ever filed Bankruptcy:*

Any foreclosures on your record:*

Any open/pending lawsuits:*

Are you delinquent on any loans or credit cards:*

Are you related to any other borrowers on this loan:*

Do you have any felonies:*

Nearest Relative Name:*

Nearest Relative Phone:*

Property Information

Is this property under contract?*

If the property is under contract, we can go straight to underwriting and work on your loan approval. If it's not, we can work on getting you pre-approved for the property.

Will the property be vacant at the time of closing?*

Due to all of the challenges surrounding evictions, if the property will not be vacant at the time of closing, the loan closing may be delayed until it is vacant.

What type of property is this?*

Are you planning to live in the property?*

Property Address:*

Property City:*

Property State:*

Property Zip Code:*

Number of units*

Bedrooms*

Bathrooms*

If this is a multi-family home and the units have different numbers of bedrooms, that's ok. This would give us a general idea of the property.

Square Footage:*

If this is a multi-family property, what is the approximate square foot per unit?

Garage Stalls*

Year Built:

Lot Size/Acreage:

If you have all the docs in a folder that can be shared, what's the link for us to access it?

Purchase Information

What type of funding are you looking for?*

Purchase/Refi?*

Name of the lender being paid off:*

Loan Balance?*

Is this loan current?*

Purchase Price:*

Estimated Cost of Repairs (SOW - Scope of Work):*

Estimated ARV of the property (After Repair Value) ?*

How much are you looking to borrow?*

How long to complete the renovations?*

When are you looking to close?*

Miscellaneous

In your own words, tell us about the deal:

In your own words, tell me about your experience as an investor. In other words, why would YOU lend to YOU?

ACKNOWLEDGEMENT AND AGREEMENT TO LOAN APPLICATION*

The undersigned specifically represent to Lender and to Lender’s actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made in this application. (2) the loan requested pursuant to this application will be secured by a mortgage(s) or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a commercial loan; (5) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the loan is approved; (6) the Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (7) ownership of the Loan and/or administration of the Loan account may be transferred; (8) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (9) any transmission of this application as an “electronic record” containing my “electronic signature” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.

Electronic Signature - Applicant Name:*

After submitting, a message will be displayed where you can download our required documents for closing. In addition, please watch for an automated email from us that contains information about how and where to download and submit your supporting documentation. Make sure you check your spam/junk folders. If you do not receive this email within the next 15 minutes, please send an email to Closings@BestREIFunding.com to let us know. Thank you!

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