©20
21 Finance of America Commercial LLC is licensed or exempt from licensing in all other states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300,
Charlotte, NC 28210 | (800) 227
-8107 | AZ Mortgage Banker License BK #0926974 | Loans made or arranged pursuant to a California Finance Lenders Law
license
| Finance of America Commercial LLC only makes mortgage loans for business purposes. REV. 05.13.2021
1
Single Rental Loan Program
Property Application
Revised 05.13.2021
Thank you for choosing Finance of America Commercial! We are committed to earning your business and becoming your
trusted partner.
Property Information
Purpose of Loan: Purchase Refinance
Property Type: Single Family Condo Townhouse 2-4 Unit: # of units _________
Property Address: ________________________________________________ Unit / Apartment: _________________________
City: _______________________________________________ State: ________ Zip: ______________
Occupancy Status: Vacant Leased Location Type: Rural Non-Rural
Est. Purchase Date / Acquisition Date: __________________ Square Footage: ____________sqft
Estimated Current Property Value: $_________________ Purchase Price / Original Cost: $_________________
Estimated Monthly Market Rent: $_________________ Note: FACo will complete a market valuation to verify the Market Rent.
For Short term rentals, list the average monthly rent for the past two (2) years: $_________________
Annual Taxes: $_________________ Annual Insurance: $_________________ Annual HOA: $_________________
Cost of Completed Improvements: $_________________
Amount of Existing Liens: $_________________ Lien Holder: ____________________________________________________
Property Disclosure Questions
Yes No Is the property illegally zoned?
Yes No Is the property subject to a lease purchase option?
Yes No Is the property subject to a ground lease?
Yes No Is the property a manufactured or mobile home?
Yes No If leased, is the tenant currently delinquent on any rent?
Yes No Does the collateral property currently owe any taxes prior to current year?
Yes No Is the property subject to any liens, judgements, or litigation?
Yes No Are there any code violations at the property?
If you answered Yes to any of the questions above, please provide a separate page with a detailed explanation.
Yes No Is the property in good, safe, and habitable condition, as well as free and clear of any material
damage/waste?
©20
21 Finance of America Commercial LLC is licensed or exempt from licensing in all other states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300,
Charlotte, NC 28210 | (800) 227
-8107 | AZ Mortgage Banker License BK #0926974 | Loans made or arranged pursuant to a California Finance Lenders Law
license
| Finance of America Commercial LLC only makes mortgage loans for business purposes. REV. 05.13.2021
2
Single Rental Loan Program
Property Application
Revised 05.13.2021
Reference Information
Who will serve as the Property Manager?
Borrower Affiliate Self-Managed by the Borrower Professional Management Company
Property Manager Name: ________________________________________________ Phone: _____________________
Address: ________________________________________________ Unit / Apartment: _________________________
City: ____________________________________________________ State: ________ Zip: ______________
Questionnaire
Yes No Does the Property Manager have two years of experience managing properties in the subject market?
Yes No Are there any non-standard lease terms, without limitation: any purchase options, rights of first refusal, or
similar purchase rights?
Yes No Are you aware of any illegal activities associated with the property?
Yes No Is the property in compliance with all Federal, State, and Local laws and ordinances?
If you answer Yes to any of the following questions, please provide a detailed explanation in the space below.
Yes No Has the Property Manager been subjected to any Federal, State, or local regulatory authority audits in the
past year?
Yes No Is there any material deferred maintenance or damage associated with the property?
Yes No Are there any fire code, building code, zoning, or use permit violations associated with the property?
Yes No Is the tenant 30 days or more delinquent on rent?
Yes No Are there currently any condemnation proceedings associated with the property?
Yes No Is the property subject to affordable housing, housing assistance programs or subsidies either at the
Federal, State or local level?
Yes No Is the property subject to rent control ordinances, rent stabilization, or other property use and/or rent
restrictions?
[Provide additional explanation here, if necessary.]
©20
21 Finance of America Commercial LLC is licensed or exempt from licensing in all other states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300,
Charlotte, NC 28210 | (800) 227
-8107 | AZ Mortgage Banker License BK #0926974 | Loans made or arranged pursuant to a California Finance Lenders Law
license
| Finance of America Commercial LLC only makes mortgage loans for business purposes. REV. 05.13.2021
3
Single Rental Loan Program
Property Application
Revised 05.13.2021
Include your preferred Vendor information below. If left blank/no choice, FACo will proceed to order services
through our preferred Title, Escrow, and Insurance Vendors to avoid any processing delays.
Title, Escrow, & Insurance Information
Title Company : ___________________________________ Escrow Company: ___________________________________
Title Contact: ____________________________________ Escrow Contact: ____________________________________
Title Phone: ______________________________________ Escrow Phone: ______________________________________
Title Email: _______________________________________ Escrow Email: ______________________________________
Insurance Carrier: _________________________________ Closing Agent Name: _________________________________
Insurance Contact: ________________________________ Closing Agent Contact Info:
Insurance Phone: _________________________________ ___________________________________________________
Insurance Email: __________________________________ ___________________________________________________
If Applicable; Condo Association Name: ________________________________________________________________________
Condo Association Contact Info: __________________________________________________________________
Property Access Information for Appraisal
Contact Company: _______________________________________________ Contact Phone: ____________________________
Contact Name: __________________________________________________ Contact Email: _____________________________
By signature below, I specifically represent to FACo and to FACo’s insurers, servicers, successors and assigns and agree and
acknowledge that: (1) I have full authority to submit this application on behalf of borrower and to apply my signature below (2)
the information provided in this application, including the Track Record and REO Schedule or similar schedule, is true and correct
as of the date below and any intentional or negligent misrepresentation of information contained in this application may result in
civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation
that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under
the provisions of Title 18, United States Code, Sec. 1001, et seq.; (3) all statements made in this application are made for the
purpose of obtaining financing; (4) any property financed by FACo will not be occupied by the borrower, its members, owners,
employees, guarantors or other related parties; (5) the Lender, its servicers, successors or assigns may retain the original and/or
an electronic record of this application, whether or not the Loan is approved; (6) the Lender and its agents, brokers, insurers,
servicers, successors, and assigns may continuously rely on the information contained in the application, and I am obligated to
amend and/or supplement the information provided in this application if any of the material facts that I have represented herein
should change prior to closing of any loan.
I acknowledge that any owner of any loan extended pursuant to this Application, its servicers, successors and assigns, may verify
or reverify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate
business purpose through any source, including a source named in this application or a consumer reporting agency:
Printed Name:
Signature: Date
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signature
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