Lender "Interview" Questionnaire

[Aron Mandel]

As a newer Investor, I created the below questionnaire to "interview" lenders to see which lender fits for me and my projects. Primarily for Hard Money FixNFlips

If you have anything to add or any feedback please let me know.

Borrower & Experience
    Experience Required
    Minimum Credit
    Pre Approval - Soft or Hard Credit Pull
    Minimum Bank Balance
    Out of State Investor OK
Loan & Leverage
    Minimum Loan Amount
    Time to Close
    Max Purchase LTC
    Max Rehab LTC
    Cross Collateral for Down Payment
ARV Limit
    Rehab More Than Purchase Price OK
Rates & Terms
    Interest Rate
    Interest Only
    Loan Term
    Early Payoff Penalty
    Extension Term and Cost
    Interest on full loan or Balance Due
Fees & Closing
    Origination Points
    Lender Doc Fee
    Appraisal Fee
    Other "Junk" Fees
    Closing 100% Remote
Rehab & Draws
    Draw Method (App, Inspector)
    Draw Inspection Fee
    Wire ACH fee on Draws
    Funding Draw Speed
    Minimum or Max # of Draws
    Permit Required for Draw
State Specific
    Right of Redemption Lending