Fillable WISE COMMERCIAL LENDING BROKER AGREEMENT

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WISE COMMERCIAL LENDING BROKER AGREEMENT

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WISE COMMERCIAL LENDING BROKER AGREEMENT
This agreement, made on ________________________________ (Date), by and between Wise Commercial
Lending, LLC and _________________________________________ hereinafter referred to as the
“PRINCIPAL” or “BORROWER” or “CO-BORROWER” or “BORROWING ENTITY” or “BORROWER
REPRESENTATIVE” concerning the property describe below, hereinafter referred to as the “PROJECT”.
This Agreement serves to set forth the terms and conditions in with Wise Commercial Lending, LLC will
place the subject loan request with a lender affiliate that meets to needs of said PRINCIPAL.
Borrower/Borrower Representative/Borrowing Entity:
Borrowing/Principal Name: ___________________________________________________
Email Address: _______________________________________________________________
Borrowing Entity Name: ______________________________________________________
Co-Borrower:
Co-Borrower: ________________________________________________________________
Email Address: _____________________________________________________________
Subject Property Street Address: _____________________________________________
City: ___________________________ State: ___________________ Zip Code: _________
PROJECT PROFILE:
Loan Type: Conforming _____ Non-Conforming _____ SBA _____ Line of Credit _____
Loan Purpose: Purchase _____ Refinance _____ New Construction_____
Estimated Loan Amount: $____________________
PRINCIPAL HEREBY AGREES AS FOLLOWS: Wise Commercial Lending, LLC is hereby contracted by
Principal, an authorized borrower, managing borrower, borrower representative, and/or partner of the
borrowing entity.
Page 1 Initials: ____ / ____
April 21, 2021
Olive Branch Realty Group, LLC
Terese Thomas-Moore
teresemthomas@gmail.com
Olive Branch Realty Group, LLC
N/A
N/A
X
254,000.00
RELATIONSHIP – Principal, who is an authorized borrower, managing borrower, borrower representative,
representing broker and/or partner or the borrowing entity, authorizes Wise Commercial Lending, LLC to
broker loan in order to arrange financing for the described project. This Agreement creates an exclusive
relationship between Wise Commercial Lending, LLC and Principal, and no other person(s) or companies not
a party to this agreement. Principal agrees Wise Commercial Lending, LLC is authorized to broker loan
request via any and all private, institutional, and corporate capital sources to provide financing for the
property transaction, and to relay all funding terms, fees, interest rates and other loan information to
borrower or borrower’s representative from prospective lender(s).
PRINCIPAL RESPONSIBILITIES – Principal agrees to provide the financial and property information
requested to Wise Commercial Lending, LLC necessary to create a full package to professionally submit
the loan request to potential lenders. Information required by Wise Commercial Lending, LLC may
include but is not limited to tax returns, property operating statements, bank statements, rent rolls,
financial statements, property photos, and other documents necessary to complete a professional
submission package in order to attain lender funding approval.
NO GUARANTEE OF FUNDING SUCCESS – Wise Commercial Lending, LLC agrees to use
reasonable efforts to search for the appropriate lender for the type of loan scenario being requested to
approved lenders and investors. Wise Commercial Lending, LLC does not guarantee that financing can
or will be obtained. Principal agrees that Wise Commercial Lending, LLC will not be liable to Principal
for any losses or damages whatsoever in the event financing is not obtained.
PROCESSING FEE - Principal, who is an authorized borrower, co-borrower, borrower representative,
representing broker, and/or partner of the borrowing entity agrees to pay Wise Commercial Lending,
LLC a Processing Fee of $799 which is due upfront.
DURATION OF AGREEMENT – This agreement shall be valid for a period of 1 year (365 days) from date
hereof unless cancelled in writing by Principal at the end of said period, this agreement will automatically
be renewed month-to-month until cancelled by either part given 30 days written notice.
GOVERNED BY LAWS OF THE STATE OF MARYLAND – All services rendered to Principal (no
matter which state the project is located in) are provided within the State of Maryland and conform with
all state regulations regarding commercial real estate financing. The funding fees and charges paid by the
Principal will be paid as outlined within this agreement, regardless of our involvement in the funding
process as long as the project is financed. This agreement shall be governed by and construed in
accordance with the laws of the State of Maryland.
Page 2 Initials: ____ / ___
MEDIATION OF DISPUTES – In the event any dispute of controversy arises with respect to the subject
matter of this agreement or the transaction contemplated herein (including, but not limited to, the party’s
rights with respect to payment of commissions as provided herein) which the parties are unable to
resolve among themselves after a good faith effort to do so, at the request of either party. All parties to
this agreement agree to attempt to resolve such dispute or controversy through mediation in the State of
Maryland pursuant to the mediation conducted by the mediator appointed by the American Arbitration
Association in accordance with its mediation rules.
ARBITRATION OF DISPUTES – In the event any dispute or controversy arises with respect to the
subject matter of this agreement or the transaction contemplated herein (including, but not limited to, the
parties rights with respect to payment of funding fees as provided herein) that is not resolved as
provided in paragraph “Mediation of Disputes’, Principal and COMMERCIAL MORTGAGE OFFICER
agree that such dispute or controversy shall be settled by final, binding arbitration in accordance with
the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the
award rendered by the arbitrator may be entered in any court that has jurisdiction thereof
.
CREDIT INFORMATION AUTHORIZATION I/We hereby authorize COMMERCIAL MORTGAGE
OFFICER, the lender(s), or IT SUCCESSORS AND/OR ASSIGNS, to verify my/our past and present
employment earnings records, bank accounts, stock holdings, and any other assets balances that are
needed to process my/our mortgage loan application. I/We further authorize the lender, or ITS
SUCCESSORS AND/OR ASSIGNS, to order a consumer credit report and verify other credit
information, including past and present mortgage and landlord references, and federal or state records
including State Employment Security Agency records, or other sources as required. It is understood that
a photocopy of this form will also serve as authorization. The information the lender obtains is only to be
used in the processing of my/our application for a mortgage loan or in the conduction of a Quality
Control Audit of my/our loan file
.
Borrower: ____________________________________________
Borrower Date of Birth: ______________________________
Borrower SS#: ______________________________________
Borrower Address: _____________________________________________________________________________________
Signature/Date: _______________________________________________________________________________________
Co-Borrower: ________________________________________
Co-Borrower Date of Birth: ___________________________
Co-Borrower SS#: ___________________________________
Co-Borrower Address: __________________________________________________________________________________
Signature/Date: _____________________________________________________________________________
Page 3 Initials: ____ / ____
Terese Thomas-Moore
11/22/1972
449-41-0731
5809 Longmont Drive, Denton, Texas 76208
Terese Thomas-Moore
Digitally signed by Terese Thomas-Moore
Date: 2021.04.21 21:06:44 -05'00'
N/A
N/A
N/A
N/A
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PRINCIPAL HAS AUTHORITY AND AGREES TO EXECUTE THIS AGREEMENT ON
BEHALF OF ALL BORROWERS, PARTIES, & ANY ENTITIES INVOLVED IN THE
PROJECT. THIS IS WARRANTED TO BE HELD BY THE UNDERSIGNED, ACCEPTED AND
AGREED TO.
Principal Name: _____________________________________________________________________
Principal Signature: _________________________________________________________________
Date: _______________________________________________________________________________
Commercial Loan Officer Name: ______________________________________________________
Commercial Loan Officer Signature: ___________________________________________________
Date: _______________________________________________________________________________
Page 4 Initials: _____/_____
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WISE COMMERCIAL LENDING BROKER AGREEMENT

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Completed 12 August 2021

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