*NOTE: Providing clear and accurate information within the following questionnaire will not only allow us to make a quick decision, it will empower our Originators with the knowledge to challenge any reservations that our loan committee may have towards approving your loan. The better we understand each deal and the more information that you provide, the easier and faster the process will be for you or your client.
Rodeo Agent Name
Gas Station Purchase
Gas Station Purchase/Rehab
Gas Station Refinance
Gas Station Refinance/Rehab
Square Footage of the Building(s) on the Subject Property?
Land Acreage of the Subject Property?
Is the Property Currently Vacant?
Type of Ground-Up Construction
What Type of Special-Use is the Subject Property?
Is The Cannabis Business Owned by or Affiliated with the Property Owner(s)?
Detail the Type of Cannabis Business Occupying the Property
Has a Single Purpose Entity Been Formed For the Purpose of Holding Title to This Property?
Date Purchased & Purchase Price
How Much $ Does the Borrower Have Into This Property to Date?
Is There a Seller Carry?
Seller Carry Amount
Construction Holdback Amount (Do NOT include the Contingency Reserve)
Will the Asset (Alone) Debt-Service Our Loan?
Reason That the Property Can't Debt-Service Our Loan
Can the Borrower Service the Debt?
How Many Months of an Interest Reserve is Needed?
Current Value & Disbursement LTV
As-Complete Value (ARV) & Future LTV
What is the Loan To Cost of This Build?
Rodeo Lending Points
Referring Broker Points
Initial Distribution Amount
Is This a Cash-Out Refinance?
Cash Out Amount
Purpose of the Cash Out
Itemize the Use of Proceeds
Term of the Loan
Number of 6-Month Extensions & the Cost For Each Extension
# of Extensions
True Liquidity $
Borrower's Net Worth
Borrower(s) Yearly Income
List Derogatory Criminal or Civil Info on Background that We Should be Aware of Upfront
Why Are They Buying This Particular Property?
Has the Property Been in Default Within the Last 2 Years?
Was (is) it a Maturity Default or Payment Default?
Why is the Borrower Seeking Private Vs. Bank Money?
Is This a Rodeo Lead?
How Did You Hear About Rodeo?
Any Additional Info That You Think Will Help to Convince Us to Issue an LOI ?
What % of the Down Payment is the Actual Borrower(s)
How Many Months to Complete the Rehab?
Does the Property Have Deferred Maintenance?
Is Additional Collateral Being Offered to Make This Loan Work?
Address of the Additional Collateral Being Offered
Will Rodeo be in 1st or 2nd Position on the Additional Collateral?
1st Position Lien
2nd Position Lien
Is the 1st Mortgage Bank Debt or Private Debt?
What is the Amount of the 1st Mortgage?
What is the Value of the Additional Collateral?
If the File Can't Pass Underwriting, is the Borrower Willing to Give Rodeo Some Equity?
Is There a "Drop Dead" Close Date?
Drop Dead Closing Date
Explain the Reason Behind the Drop Dead Closing Date
Does the Owner(s) Occupy or Intend to Occupy This Property?
What % Of the Property Is or Will be Occupied by the Owner(s)
Does the Borrower Have Experience With This Type of Deal Within the Last 3 Years?
List the Borrower(s) Pertinent Experience
Is There Currently a Property Manager?
Who is the Property Manager?
List Their Property Management Experience
What's the Average Occupancy?
What is the ADR?
Is the Hotel Flagged?
Are Boutique Hotels Common For This Area?
Is the Gas Station Flagged?
What Flag Does/Will the Gas Station Carry?
Will the Gas Flag Company Indemnify Against Environmental Contamination or Will You Need Environmental Insurance?
Need Environmental Insurance Policy
What Flag Does/Will the Hotel Carry?
Will the Flag Remain the Same During the Life of Our Loan?
Are There Any PIP Requirements to Keep the Flag?
List PIP Requirements
Owner Operator or 3rd Party Operator?
3rd Party Operator
Is a Survey Available For This Property?
Is There a Phase-1 and/or Phase-2 Available For This Property?
Number of Condo Units?
Number of Apartment Units?
Number of Rooms
Is This an In-Patient or Out-Patient Medical Facility?
How Many Beds?
Mixed Use %
Yearly Net Operating Income
What % of the Property is Occupied?
Is the Property Stabilized?
Why is the Property Not Stabilized?
When Will the Property be Stabilized?
Is the Owner of the Property also the Builder?
Is the Property Fully Entitled, Ready to Pull Permits?
What is the Land Entitled for?
Are Permits Being Paid From The Proceeds of Our Loan?
What is the Cost to Pull Permits?
Is This a Mid-Construction Loan Request?
Are There Any Outstanding Construction Invoices That Need to be Paid at Closing?
What % of Construction Has Been Completed?
Why Was the Project Not Completed?
How Many Months to Complete the Construction?
Is This a Seasonal Special-Use Property?
Now that you have answered our intake questions, please provide a summary of the deal that will give our Underwriters a clear picture as to what the borrower is trying to accomplish and why. The better we understand the deal, the easier it is for us to make a quick decision. Full disclosure is always the best approach, as we are then able to structure the deal so that it makes sense to our loan committee. If we understand the challenges of the deal we have a better chance at being able to come up with creative solutions to ensure it closes.
Referring Broker or Property Owner
Referring Broker's Company Name
Should be Empty: