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Updated 2 months ago on . Most recent reply

User Stats

9
Posts
14
Votes
Aron Mandel
  • Investor
14
Votes |
9
Posts

Lender "Interview" Questionnaire

Aron Mandel
  • Investor
Posted

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

Most Popular Reply

User Stats

1,261
Posts
1,202
Votes
Kerlous Tadres
  • Realtor
  • Columbus, OH
1,202
Votes |
1,261
Posts
Kerlous Tadres
  • Realtor
  • Columbus, OH
Replied
Quote from @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


 I have a great hard money lender I use here in Ohio 

business profile image
Kerlous Tadres | Reafco Real Estate
5.0 stars
37 Reviews

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