The document provides a template for a financing request package that borrowers should submit to SFR Ventures Inc. when requesting a loan. The package should include a cover page with property and contact details, an executive summary with the loan request specifics and exit strategy, a property description, location and market analysis with comparables, financial analysis pro forma, information about the borrower, and appendices with supporting documents. A completed financing request package following this template can help streamline the review process and potentially result in funding within 5-7 business days.
2. SFR Ventures Inc. requires that a Financing Request
Package accompany all loan requests.
This template focuses primarily on residential rehab,
construction, and development loans and provides a
consistent process for borrowers to streamline the financing
process and accelerate the funding timeline to meet the
closing deadlines.
Timely submission of a completed Financing Request
Package can mean funding in as little as 5–7 business days.
Summary
3. We aim to review and respond to loan requests within 48
hours of receiving the Financing Request Package
Criteria for a loan request to be considered:
Borrower must have real estate experience with a proven track
record
Borrower is required to have a minimum of 20% equity into the
deal
The loan-to-value (LTV) may not exceed 70%
Summary
4. SFR Ventures Inc. seeks to establish long-term relationships
with experienced real estate investors, owner operators,
developers, and brokers that are built upon trust, client
service, and executional efficiency.
Submit your Financing Request Package or any specific
questions related to your particular transaction to
beau@sfrventures.com
About SFR Ventures Inc.
5. I. COVER PAGE
II. EXECUTIVE SUMMARY
III. PROPERTY DESCRIPTION
IV. LOCATION & MARKET ANALYSIS
V. FINANCIAL ANALYSIS
VI. ABOUT BORROWER
VII. APPENDICES
6. The Financing Request Package should include a Cover Page
with the following information:
Picture of the Property
Full Property Address
Timing for Funding (Closing Date, etc.)
Borrower(s) Complete Contact Information, which should include:
Name of Company (or entity that will own the investment)
Name of Owners & Principals involved in the transaction
Business Address
Phone Numbers of Related Parties
Email Address
Website Information
I. COVER PAGE
7. is a brief narrative of the financing request, which
summarizes the transaction, including the property and
loan specifics
should be clear and concise, and gives the borrower the
ability to sell the deal to the lender.
II. EXECUTIVE SUMMARY
8. The Executive Summary should include the following information for the
lender’s review:
1. Brief description/background on the deal
How did you source the opportunity?
What is the purchase price and timing of the transaction?
Why are you utilizing private money?
II. EXECUTIVE SUMMARY
9. 2. Purpose of the Loan Request
Purchase, Refinance, Bridge, Construction, Development, etc.
3. Exit Strategy
What is your exit strategy and timing? How do you plan on
repaying the loan?
Sale, Refinance
Briefly justify your exit strategy
II. EXECUTIVE SUMMARY
10. 4. Loan Proposal Request (Summarize loan terms you are
requesting)
Closing Date / Timeframe
Loan Amount
Amount of Borrower Equity
Term of Loan
Interest Rate
Any additional loan specifics
II. EXECUTIVE SUMMARY
11. 5. Sources & Uses of Funds (see Appendices section for
examples)
Sources – where capital is coming from on the deal
Uses – how the capital is being utilized in the deal
Sources of Funds must equal Uses of Funds
6. Brief summary of Borrower and/or Company
Quick write-up for lender to identify borrower and/or company
II. EXECUTIVE SUMMARY
12. should provide a complete physical description of the land,
improvements, and the property, as well as any additional visual aids,
such as photos, site plans, etc.
For development and construction financing, the borrower should
include a detailed scope of work, broken out line by line, regarding
the proposed improvements to the property and associates costs
with those improvements.
III. PROPERTY DESCRIPTION
13. 1. Property Information
Property Name and/or Physical Address
Property Type (single-family, 1-4 unit, apartment, retail, mixed-used,
office, etc.)
Number of Units & Net Rentable Square Feet
• Breakdown of units and sizes
Year Built/Renovated/Remodeled
III. PROPERTY DESCRIPTION
14. 2. Site/Land Details
Purchase Price
Total acreage or SF
Zoning
Ingress and egress
Utilities
Easements or deed restrictions
Roads / shared driveways
Excess land
III. PROPERTY DESCRIPTION
15. 3. Construction Details
Configuration, design features/utility
Type of roof, foundation, mechanical/electrical systems, heating/hvac
systems
Public Utilities
Parking
Deferred Maintenance
III. PROPERTY DESCRIPTION
16. 4. Proposed Scope of Construction / Improvements
Detailed line-item list of all proposed improvements and associated
costs
Construction Schedule
A construction budget/draw schedule spreadsheet template is
available
III. PROPERTY DESCRIPTION
17. should educate the lender on the property’s particular
location/neighborhood, as well as the general market
information and economic drivers for the particular
area/city
should include comparables (active and sold) that justify
and strengthen the exit strategy proposed.
IV. LOCATION & MARKET ANALYSIS
18. The Location & Market Analysis section should generally include the following:
Brief write-up on the property’s location as well as the local market
information
Justify why good area/market for your investment
Demographic Information (pull from US Census or local city authorities)
Additional Facts & Figures
Pricing trends, valuations, Zillow, Trulia, etc.
Map showing subject property and location of relevant comparables
IV. LOCATION & MARKET ANALYSIS
19. Borrower should also provide a one-page summary of the
comparables, preferably in excel, justifying the market value. The
specifics of the comps will vary based upon the type of property,
but the analysis should provide the lender with simple layout
justifying the exit strategy and valuation.
Summary of comparables should include the following:
Criteria used for comparable analysis
4 Active/UAG Comps
4 Sold Comps
4 Rental Comps
IV. LOCATION & MARKET ANALYSIS
20. The lender will want to be able to easily compare the following
information from this summary:
Purchase Price Analysis
PSF, Per Unit, Per Acre, Cap Rate, etc.
Verify true comparable to the subject property
Size, type, # bedrooms, # baths, land size, # units
Market Timing
How long on the market? Sale Price to List Price?
IV. LOCATION & MARKET ANALYSIS
21. The lender is looking to review the assumptions made by the
borrower when conducting their analysis, as well as any
additional financial documentation that can be provided
to prove out the analysis.
V. FINANCIAL ANALYSIS
22. The Financial Analysis should include the following information for the lender to review:
Detailed Financial Analysis Pro-Forma
Detail assumptions made about analysis
Loan Terms, Cost Breakdown, Residual Valuation
Include particular model or excel spreadsheet utilized
Flip Model
Monthly Cash Flow Analysis
Development/Construction Model
Net Profit Analysis
Rental Pro-Forma (for refinance exit)
Shows sufficient debt coverage
IRR Analysis
V. FINANCIAL ANALYSIS
23. This section should is a brief description of the company and the
associated borrower(s), manager(s), or principal(s). The borrowing
entity that is purchasing the property should also be included in the
section. The lender is looking for company history and track record, as
well the backgrounds of the individuals in the transaction.
The general format should be as follows:
Description of the Company
Track Record
List of current/historical real estate transactions
Resume of owners, principals, etc.
Can be included in the Appendices, if applicable
VI. ABOUT BORROWER
24. The borrower should provide all relevant additional
documentation related to the particular transaction. The
lender will typically request this additional information after
initial review, but always good to already have the
information ready for the lender to review in order to
expedite the underwriting process.
VII. APPENDICES
25. The typical items that the borrower should make available to the lender for
review (if applicable) are as follows:
VII. APPENDICES
Property Information
Listing Sheet
Purchase & Sale Agreement
Copy of Deed
Appraisal (if applicable)
Pictures of the property (interior &
exterior)
Tax Assessor Card
Photos of the property and site
(interior and exterior)
Site plan, survey, or recorded plat
Floor plans
Aerial photographs
Construction Budget & Timeline
Plot plans, permits, approvals,
conceptuals, floorplans,
sketches, zoning, elevations
3rd Party Reports
PCR, Environmental,
Zoning
Sources and Uses of Funds
(example below)
26. VII. APPENDICES
PURCHASE (EXAMPLE)
Sources of Funds Amount %
1st Lien Mortgage $800,000 80.0%
2nd Lien Mortgage (Seller/Private) $0 0.0%
Equity (Borrower's Cash) $200,000 20.0%
TOTAL SOURCES $1,000,000 100.0%
Uses of Funds Amount %
Purchase Price $650,000 65.0%
Closing Costs $30,000 3.0%
Hard Costs $200,000 20.0%
Financing $100,000 10.0%
Soft Costs (Carry Costs) $20,000 2.0%
TOTAL USES $1,000,000 100.0%
REFINANCE (EXAMPLE)
Sources of Funds Amount %
1st Lien Mortgage $1,000,000 100.0%
TOTAL SOURCES $1,000,000 100.0%
Uses of Funds Amount %
Payoff Existing Loan $600,000 60.0%
Renovations / Rehab Costs $250,000 25.0%
Buy Out Partner $100,000 10.0%
Mortgage Broker Fee $10,000 1.0%
Lender Fee $10,000 1.0%
Appraisal, Phase I, Structural $10,000 1.0%
1st Lien Mortgage $800,000 80.0%
2nd Lien Mortgage (Seller/Private) $0 0.0%
Equity (Borrower's Cash) $200,000 20.0%
TOTAL SOURCES $1,000,000 100.0%
Uses of Funds Amount %
Purchase Price $650,000 65.0%
Closing Costs $30,000 3.0%
Hard Costs $200,000 20.0%
Financing $100,000 10.0%
Soft Costs (Carry Costs) $20,000 2.0%
TOTAL USES $1,000,000 100.0%
REFINANCE (EXAMPLE)
Sources of Funds Amount %
1st Lien Mortgage $1,000,000 100.0%
TOTAL SOURCES $1,000,000 100.0%
Uses of Funds Amount %
Payoff Existing Loan $600,000 60.0%
Renovations / Rehab Costs $250,000 25.0%
Buy Out Partner $100,000 10.0%
Mortgage Broker Fee $10,000 1.0%
Lender Fee $10,000 1.0%
Appraisal, Phase I, Structural $10,000 1.0%
Refinancing Costs $5,000 0.5%
Legal Fees $5,000 0.5%
Title, Survey, & Escrows $10,000 1.0%
Earn-out $0 0.0%
TOTAL USES $1,000,000 100.0%
The borrower should also have the following personal financial information available if requested by the
lender for further review:
Personal Financial Statements
2 years of Tax Returns
List of Real-Estate Owned Properties (REO Schedule)
Bank Statements
Credit Report