INTAKE QUESTIONNAIRE
*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
First Name
Last Name
Loan Type
SFR Purchase
SFR Refinance
SFR Purchase/Rehab
SFR Refinance/Rehab
MF Purchase
MF Purchase/Rehab
MF Refinance
MF Refinance/Rehab
Office Purchase
Office Purchase/Rehab
Office Refinance
Office Refinance/Rehab
Industrial Purchase
Industrial Purchase/Rehab
Industrial Refinance
Industrial Refinance/Rehab
Retail Purchase
Retail Purchase/Rehab
Retail Refinance
Retail Refinance/Rehab
Hospitality Purchase
Hospitality Purchase/Rehab
Hospitality Refinance
Hospitality Refinance/Rehab
Medical Purchase
Medical Purchase/Rehab
Medical Refinance
Medical Refinance/Rehab
Mixed-Use Purchase
Mixed-Use Purchase/Rehab
Mixed-Use Refinance
Mixed-Use Refinance/Rehab
Land Purchase
Land Purchase/Ground-Up
Land Refinance
Land Refinance/Ground-Up
Gas Station Purchase
Gas Station Purchase/Rehab
Gas Station Refinance
Gas Station Refinance/Rehab
Special-Use Purchase
Special-Use Purchase/Rehab
Special-Use Refinance
Special-Use Refinance/Rehab
Square Footage of the Building(s) on the Subject Property?
Land Acreage of the Subject Property?
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Is the Property Currently Vacant?
Yes
No
Type of Ground-Up Construction
SFR
Sub-Division
Multi-Family
Office
Industrial
Mixed-Use
Medical
Gas Station
Special-Use
What Type of Special-Use is the Subject Property?
Cannabis Related?
Yes
No
Is The Cannabis Business Owned by or Affiliated with the Property Owner(s)?
Yes
No
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?
Yes
No
Entity Name
Guarantor(s)
Property Address(es)
Loan Amount
Purchase Price
Date Purchased & Purchase Price
Date
PP
How Much $ Does the Borrower Have Into This Property to Date?
Is There a Seller Carry?
Yes
No
Seller Carry Amount
Construction Holdback Amount (Do NOT include the Contingency Reserve)
Will the Asset (Alone) Debt-Service Our Loan?
Yes
No
Reason That the Property Can't Debt-Service Our Loan
Can the Borrower Service the Debt?
Yes
No
How Many Months of an Interest Reserve is Needed?
Current Value & Disbursement LTV
As-Is Value
As-Is LTV
As-Complete Value (ARV) & Future LTV
As-Complete Value
As-Complete LTV
What is the Loan To Cost of This Build?
Rate Requested
Rodeo Lending Points
Exit Fee
Referring Broker Points
Initial Distribution Amount
Is This a Cash-Out Refinance?
Yes
No
Cash Out Amount
Purpose of the Cash Out
Itemize the Use of Proceeds
Term of the Loan
6 Months
12 Months
18 Months
24 Months
30 Months
36 Months
Number of 6-Month Extensions & the Cost For Each Extension
# of Extensions
Cost
True Liquidity $
Borrower's Net Worth
Borrower(s) Yearly Income
FICO(s)
List Derogatory Criminal or Civil Info on Background that We Should be Aware of Upfront
Why Are They Buying This Particular Property?
Exit Strategy
Has the Property Been in Default Within the Last 2 Years?
Yes
No
Was (is) it a Maturity Default or Payment Default?
Why is the Borrower Seeking Private Vs. Bank Money?
Is This a Rodeo Lead?
Yes
No
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?
Yes
No
Is Additional Collateral Being Offered to Make This Loan Work?
Yes
No
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?
Bank Debt
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?
Yes
No
Is There a "Drop Dead" Close Date?
Yes
No
Drop Dead Closing Date
-
Month
-
Day
Year
Date
Explain the Reason Behind the Drop Dead Closing Date
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Does the Owner(s) Occupy or Intend to Occupy This Property?
Yes
No
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?
Yes
No
List the Borrower(s) Pertinent Experience
Is There Currently a Property Manager?
Yes
No
Who is the Property Manager?
List Their Property Management Experience
What's the Average Occupancy?
What is the ADR?
Is the Hotel Flagged?
Yes
No
Are Boutique Hotels Common For This Area?
Yes
No
Is the Gas Station Flagged?
Yes
No
What Flag Does/Will the Gas Station Carry?
Will the Gas Flag Company Indemnify Against Environmental Contamination or Will You Need Environmental Insurance?
Flag Indemnification
Need Environmental Insurance Policy
What Flag Does/Will the Hotel Carry?
Will the Flag Remain the Same During the Life of Our Loan?
Yes
No
Are There Any PIP Requirements to Keep the Flag?
Yes
No
List PIP Requirements
Owner Operator or 3rd Party Operator?
3rd Party Operator
Owner Operator
Is a Survey Available For This Property?
Yes
No
Is There a Phase-1 and/or Phase-2 Available For This Property?
Yes
No
Number of Condo Units?
Number of Apartment Units?
Number of Rooms
Is This an In-Patient or Out-Patient Medical Facility?
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In Patient
Out Patient
How Many Beds?
Mixed Use %
Residential %
Retail %
Yearly Net Operating Income
What % of the Property is Occupied?
Is the Property Stabilized?
Yes
No
Why is the Property Not Stabilized?
When Will the Property be Stabilized?
-
Month
-
Day
Year
Date
Is the Owner of the Property also the Builder?
Yes
No
Is the Property Fully Entitled, Ready to Pull Permits?
Yes
No
What is the Land Entitled for?
Are Permits Being Paid From The Proceeds of Our Loan?
Yes
No
What is the Cost to Pull Permits?
Is This a Mid-Construction Loan Request?
Yes
No
Are There Any Outstanding Construction Invoices That Need to be Paid at Closing?
Yes
No
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?
Yes
No
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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
First Name
Last Name
Referring Broker's Company Name
Email
example@example.com
Phone Number
-
Area Code
Phone Number
Submit
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