GROUND UP CONSTRUCTION LOAN APPLICATION

BORROWER

First Name *

Last Name *

Phone *

Email *

Company name the borrower is closing in

PROPERTY

Property Street Address *

City *

State *

ZIP *

Exact property type *

Number of units / details (e.g. 7-unit)

LAND & PURCHASE

Do you already own the land? *

Yes

No

Already in a purchase and sales contract?

Yes

No

N/A

Purchase price of land (if buying)

$

When do you need to close? *

If land is already owned, current value

$

If owned, date purchased

If owned, price paid

$

CONSTRUCTION & VALUE

Approved plans and permits for the land? *

Construction cost *

$

Value once fully built *

$

How long will construction take? (months) *

How long to sell? (months, if selling)

Exit strategy on the loan *

Refinance

Sell

Other

OCCUPANCY & EXPERIENCE

Once built, will the property be owner-occupied or an investment? *

Owner-occupied

Investment property

Is this business line already producing income, or a start-up?

Already producing income

Start-up

Borrower's experience running this type of business (if owner-occupied)

LIQUIDITY, CREDIT & TRACK RECORD

Money on hand to invest in the project *

$

If land is owned free and clear: total liquid assets

$

FICO - Experian

FICO - Equifax

FICO - TransUnion

Construction deals completed in the past 12 months *

Construction deals completed, all time *

BACKGROUND

Any tax liens, judgments, recent or pending lawsuits? *

Yes

No

If yes, please explain

Any mortgage lates ever? *

Yes

No

If yes, when?

CERTIFICATION & SIGNATURE

I certify that the information provided is true and complete. I understand this application is not a commitment to lend, and I authorize Oceanview Financial, LLC to verify this information, obtain credit reports, and share it with prospective lenders and funding partners.

Certification *

I certify the information is true and complete

Borrower Signature *

Clear

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