Borrower :
Future Value Funding, Inc.’s private money alternatives may be your business solution when conventional funding just isn’t available.
Business Borrowers – Submittal Information for Loan Request
Providing sufficient information for the initial review will expedite your request and enable Future Value Funding Inc. to provide a timely response. Please be prepared to provide the following information:
- Borrower Name
- Borrower Type ( Business, Corporation, LLC, Partnership, Trust, Other )
- Property Description
- Residential Construction
- Residential Development / Subdivisions
- Land with Future Value / Entitlement Processing
- Commercial Construction
- Multi-family ( 5+ units), Industrial, Retail, Office, Other Commercial, Mixed-Use, Special Purpose, Non-Owner SFR 1-4 units )
- New or Condition of Rehabilitation
- Size ( Square footage, # of units, Acreage )
- Location - City and County, in the state of California
- Loan Purpose ( Construction, Purchase, Refinance, Equity, Other )
- Loan Amount Requested
- Entitlement Documents and Plans if applicable
- Executive Summary, if applicable
- Most Current Appraisal or Owner's Estimate of Value
- Purchase Price ( Current vs Original ) Improvements Added since Purchase
- Time frame that the property has been held closely, if applicable
- For refinancing - existing debt, lender, interest rate, payment amount, pre-pay penalty, maturity date
- Actual dollars invested by Borrower
- Income generated by rents/leases and estimated annual expenses
- Borrower's experience, approximate liquidity and net worth
- Borrower's credit condition -Our loans are primarily based on equity , Not FICO
- Pictures of property including topography
Call Future Value Funding Inc. at (805) 701-8863 to discuss your loan request!
After our discussion, you may be asked to submit a preliminary package for review. Upon receipt, Future Value Funding Inc. will make every attempt to respond to your request within 2 business days via phone or email.
If your loan qualifies, Future Value Funding Inc. will send you a written letter of interest.
The following financial considerations apply to all loan applications:
- There must be verifiable income available to service the debt such as leases, income, etc., or an interest reserve account will be established. There should also be a reasonable exit strategy. These items may be detailed on your executive summary.
- Owner carry-back, equity seconds, and/or subordinated liens are acceptable.
- Borrower must have some financial investment in the property.