LandStar Funding

APPLICATION FOR LOAN

 

Please attach the following documents to this application:

Purchase Contract (if an acquisition loan), location map and aerial, existing survey or plat, description of borrower’s entity structure and signature block, resume or background of the borrowing entities principals, proformas, engineering or other third party reports, and any additional items that would assist Stratford Realty Capital in evaluating your request. 

 

I. BORROWER INFORMATION

Borrower(s) Name(s)

Address (street, city, state, zip code)

 

 

Phone Number

Fax Number

Email Address

Tax ID # or SSN

 

 

 

 

entity name

State of Formation

Type of Entity

Year of Formation

 

 

 

 

II. PRINCIPALS / INDIVIDUAL BORROWERS

List below individual borrowers, general partners, or any person or entity that directly or indirectly controls the borrowing entity, including limited partners of a partnership, shareholders of a corporation or members of a limited liability company.

Name / Title

Address (street, city, state, zip code)

Ownership %

 

 

 

Name / Title

Address (street, city, state, zip code)

Ownership %

 

 

 

Name / Title

Address (street, city, state, zip code)

Ownership %

 

 

 

III. USE OF FUNDS

Purchase  X                     Refinance                         Other     (explain below)

Amount of Request   840,000

Length of Term Requested  360 Mos

Estimated Closing Date

 

 

 

Purpose of Loan (business plan, future use of property, exit strategy, etc.)  (use section V. on page 2, if necessary)

Purchase of 16.97 acre tract raw land

Complete the following if the Use of Funds is a refinance:

Lienholder’s Name

Lienholder’s Address (street, city, state, zip code)

 

 

Year Property Acquired

Original Cost

First Lien Balance

 

 

 

Other Use of Funds (explain):

 

IV. PROPERTY INFORMATION

Address  of Property  (street, city, state, zip)

Legal Description of Property (use section V on page 2, if necessary)

 

 

Purchase Price

Size of Property (acres / sqft.)

Estimated  Property Value

 

 

 

Issues associated with the Property (if none, state “none”) (use section V on page 2, if necessary)

1)  Current zoning designation:    

 

2)  Describe location of utilities: (water and sanitary sewer)

 

3)  List existing easements:

 

4)  List any use restrictions: 

 

5)  Known environmental issues:

 

6)  Located in the 100-year flood plain:      (If checked, describe below)

 

7)  List any existing leases:  (include agricultural leases)

 

8)  List any other known property issues:

 

V. ADDITIONAL INFORMATION

use this section for  additional information of sections I, II, III, and IV, if necessary)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By submitting this application, I/We certify that everything stated on this application or any attachment is correct to the best of My/Our knowledge.  I/We will notify the Lender in writing of any changes to the information provided.  If signing on behalf of an entity and not as an individual, I/we certify that I/we have the authoritative capacity to sign on behalf of the Borrower(s).

 

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 Signature of Authority                                            Date

 Signature of Authority                                                            Date