Applicant 1 Information

Applicant 2 Information

Disclosure to Applicant Regarding Procurement of a Background Report

In connection with your application for a loan, we may procure a background investigative report and/or credit report as part of the process of considering your candidacy as a borrower.

By your signature below, you hereby authorize us, our affiliates, investors, other lending partners, and their agents and representatives to obtain a background and credit check to determine your financial responsibility, background and general credit worthiness. The Information requested in this application shall be used to underwrite a loan transaction. The background report may include, but not be limited to, criminal history, verifications of employment, credit report, education, and driving records.

Purchase Loan Detail

Rehab Details

Refinance Loan Detail

You may need to download this FILE and fill up the information and re-upload it once you are done.

If Ownership For Any of the Properties Listed Above Is Under A Different Entity Than What Is Being Used On This Application, Please Provide Those Applicable Entity Documents

About this Property and Your Money for this Loan

About this Property and Your Money for this Loan

Borrower Demographic Information

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, sex,and race) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to provide this information, butare encouraged to do so. You may select one or more designations for “ethnicity” and one ore more designations for “race.” The law provides that we may not discriminateon the basis of this information, or on where you choose to provide it. However, if you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, sex and race on the basis of visual observation or surname. The law also provides that we may not discriminate on the basis of age or marital status information provide in this application. If you do not wish to provide some or all of this information, please indicate so below:

To Be Completed by Financial Institution (for application taken in person)

The information contained in this application is provided for the purpose of obtaining or maintaining credit with Lender, on behalf of the undersigned, or persons, firms or corporations on whose behalf the undersigned may either severally or jointly with others execute a guaranty in Lender’s favor. Each undersigned understands that Lender is relying on the information provided herein (including the designation made as to the ownership of property) in deciding to grant or continue credit. Each undersigned represents and warrants that the information provided is true and complete and that Lender may consider this statement as continuing to be true and correct until a written notice of a change is given to Lender by the undersigned.

Furthermore, each of the undersigned specifically represents 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/our signature(s) 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/we have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application (the “Loan”) will be secured by a mortgage or deed oftrust 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 loan on a residential property for business purposesonly; (5) the property will be NOT be occupied by borrower, sponsors or their families as has been indicated in this application; (6)the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application,whetheror not the Loan is approved; (7) the Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuouslyrely on the information contained in the application, and I/we are obligated to amend and/or supplement the informationprovided in this application if any of the material facts that I/we have represented herein should change prior to closing oftheLoan; (8) in the event that my/our payments on the Loan become delinquent, the Lender, its servicers, successors or assigns may,in addition to any other rights and remedies that it may have relating to such delinquency, report my/our name and accountinformation to one or more reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may betransferred with such notice as may be required by law; and (10) 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 thecondition or value of the property

Business Purpose & Appraisal Acknowledgment

Acknowledgment: Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or re-verify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a credit reporting agency.

You are entitled to receive a copy of appraisals and other written valuations developed in connection with your application for credit secured by a first lien on a dwelling promptly upon completion, or three days prior to closing, whichever is earlier. Youmay waive the timing requirement and agree to receive any copy at or before closing.

By signing below, you hereby acknowledge timely receipt of this notice, waive the timing requirement, and agree to receive such appraisal/valuation at closing.

Please confirm that you understand this is a commercial loan for business purposes only and you do not intend to occupy any property financed using proceeds from this loan as your primary residence.

Agreed & Accepted

Construction reserve funds, if any, will be withheld from the initial funding of the loan. The Borrower will be required to provide a detailed scope of work for Lender’s review prior to origination of the loan. This scope of work will be included in the loan documents. Borrower understands, acknowledges and agrees that Lender will not disburse funds in excess of the construction reserve amount. If excess funds beyond those in the construction reserve are required to complete work items included in the scope of work, Borrower shall be solely responsible for supplying such additional funds. Borrower is also solely responsible forsupplying funds for unexpected expenses or costs incurred that are not included in the scope of work.

Work item(s) must be completed prior to disbursal of corresponding draw amount. For avoidance of doubt, work items shall consist only of actual costs toward improvements to the property and shall not include any overhead of Borrower, Lender’s interest, property taxes, property insurance, HOA dues and other costs which do not constitute improvements. Upon each draw request, an inspection will be ordered with a 3rd party inspection company (Trinity or CFSI) and an inspector will contact you to confirm and schedule the site visit. The inspector will go the property with your budget and verify completed work andtake photos. We will then review the inspection report and release funds based on the completed work and overall percentage of completion less the inspection fee. Each inspection has a fee of $200 or $225 which will be deducted from the approved funds (Larger projects consisting of multiple units may have a higher cost & will be confirmed prior to the first inspection.)

Typical turn-around time is 5-7 days from the date of request to the date of wire. The minimum amount of each draw request shall be equal to the greater of $5,000 or 10% of the total construction reserve. Borrower understands, acknowledges and agrees that each draw disbursed by Lender shall be a percent, equal to the Lender-approved loan-to-cost ratio (construction reserve funds/Lender-approved budget for the scope of work), of the total amount of funds actually spent by Borrower on the work items and evidenced in the draw request, and approved by Lender in its sole and absolute discretion.

Borrower understands, acknowledges and agrees that Borrower must have the necessary funds from Borrower’s own resources to fund the difference in actual costs in excess of loan funds advanced, if any, by Lender toward the work items. This includes paying for work items in advance of Borrower’s receipt of loan funds advanced, if any, by Lender toward the work items.

Need to Know

• Prior to the 1st draw, the Deed of Trust must be recorded
• Soft costs require proof of payment for reimbursement
• Funds throughout the project are reimbursed based on physical completed work verified by an inspector with correspondinginvoices
• Draws in any amount over 20k require a lien release from the contractor (if applicable) or invoices/receipts when there is nocontractor involved
• Costs that are over budget or not included in the budget will not be reimbursed.
• Materials are not reimbursed until installed & verified by the inspection company
• No draws will be disbursed if the loan is delinquent
• Final inspections are required even if the property is listed.
• We do not allow subordinated financing behind our loan without authorization

Agreed & Accepted

Privacy Act Notice

Privacy Act Notice: This information is to be used by the agency collecting it or its assignees in determining whether you qualify as a prospective mortgagor under its program. It will not be disclosed outside the agency except as required and permitted by law.You do not have to provide this information, but if you do not your application for approval as a prospective mortgagor or borrower maybe delayed or rejected. The information requested in this form is authorized by Title 38, USC, Chapter 37 (if VA); by 12 USC, Section 1701et. seq. (if HUD/FHA); by 42 USC, Section 1452b (if HUD/CPD); and Title 42 USC, 1471 et. seq., or 7 USC, 1921 et. seq. (if USDA/FmHA).

Part I –General Information

II –Borrower Authorization

I hereby authorize the Lender/ Broker to verify my past and present employment earnings records, bank accounts, stock holdings, insurance information, and any other asset balances that are needed to process my mortgage loan application. I further authorize the Lender/ Broker to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. It is understood that a copy of this form will also serve as authorization.

he information the Lender/ Broker obtains is only to be used in the processing of my application for a mortgage loan.

Agreed & Accepted