$5,000 minimum underwriting fee + third party reports + legal + Bridger commitment fee
Cash Out
By exception
Quote Submission Requirements
✔ Summary of loan request - amount, purpose, etc.
✔ Existing financing - loan amount (identify if a discounted payoff), maturity, lender
✔ Property operating statements - 2007, 2008, 2009, plus year-to-date 2010
✔ Rent roll
✔ Property photographs
✔ If available, latest appraisal, environmental and property condition reports
✔ Borrower financial information and brief biography - net worth, liquidity, real estate experience
✔ Any known issues regarding the borrower or the property: Borrower - previous bankruptcy, foreclosures, etc. Property - environmental, physical condition, tenancy issues, etc.
