Best
Choice Mortgage can facilitate financing for just about anything
anywhere, providing the project, the borrower entity, and its principals
are clean and conducting lawful business. Best Choice Mortgage
has no loan size minimum or maximum limitations. All loan requests will
be considered.
The following outline will assist the borrower entity, and its principals
to know what essential information is needed in order to conduct an
initial review of any loan request:
1. Project / Transaction Description - (one page or less).
2. Amount of Money Requested, currency, and how money will be used.
3. Collateral Description
• Summary - (one sentence).
• Full Legal Description - (no
matter how many pages).
• Specifications, if applicable.
• Name, Addresses, and Telephone
Numbers of all relevant Recordation Jurisdictions, Venues, and Domains.
•
Original Purchase Date and Cost.
•
Estimated Value and Supporting Market Comparisons.
4. Disclosure of Borrower Entity
•
Articles and Certificates of Formation.
•
Resolution, (if applicable) specifying financing objectives.
•
Who has authority to make decisions.
•
Who will execute all documents on behalf of borrower entity for financing,
etc.
•
Short resumes of all principal parties, including clean notarized photocopies
of all principal party driver licenses and passports.
5.
Borrower Entity Financials
•
Current Asset & Liability Statement - (one page).
•
Most recent Annual Profit & Loss Statement - (one page).
All Statements signed by Accountant, Attorney or Solicitor, or Banker
including a short resume of signed party.
•
Last Three (3) years Signed Tax Returns, all schedules, W-2's and 1099's.
6.
Credit Enhancement
If Applicable, a copy of the text of the credit enhancement or loan
guarantee instrument, name and address of the issuer, cost, and mechanics
for issuance.