Business Startup Loans

Complete this section if this is a Purchase Loan

Anticipated Closing Date (mm/dd/yyyy)

Purchase Price ($)

$

Down Payment ($)

$

Earnest Money Deposit ($)

$

As-is Value ($)

$

Expected ARV ($) (If applicable)

$

Renovation Budget ($) (If applicable)

$

Renovation Timeframe

Describe Improvements to be completed (If applicable)

Complete this section if this is a Refinance Loan

Current Lender

Loan Maturity Date (mm/dd/yyyy)

Year Acquired

Original Purchase Price ($)

$

Existing Liens ($) (Payoff amount)

$

As is Value ($)

$

Expected ARV ($) (If applicable)

$

Renovation Budget ($) (If applicable)

$

Renovation Timeframe

Describe Improvements (If applicable)

completed

to be completed

Describe Improvements (If applicable)

III. EXIT STRATEGY (Please detail how you intend to pay back the loan)

Exit Strategy

Expected Timeline to Exit

Please expand on Exit Strategy i.e., takeout lender, expected listing date, etc

IV. GUARANTOR INFORMATION (If additional Guarantors, provide attachment or second application)

Guarantor

Guarantor's Name

Social Security #

DOB (mm/dd/yyyy)

Marital Status

Married

*Unmarried *Includes Single, Divorced, or Widowed

Home Phone

Mobile Phone

Credit Score

Email

Present Address

Own

Rent

Yrs. Living Here

City

State

ZIP

Co-Guarantor

Co-Guarantor's Name (If Spouse - otherwise separate application)

Social Security #

DOB (mm/dd/yyyy)

Marital Status

Married

*Unmarried *Includes Single, Divorced, or Widowed

Home Phone

Mobile Phone

Credit Score

Email

Present Address

Own

Rent

Yrs. Living Here

City

State

ZIP

V. ASSETS

Bank Name

Account Holder Name

Account Type

Account Number

Current Balance

TOTAL ASSETS (Sum of Current Balance)

VI. SCHEDULE OF REAL ESTATE OWNED (If additional properties are owned, provide attachment)

Property Address

Type of Property

Year Acquired

Rehab in last 3 yrs?

HOA Fees (monthly)

Present Market Value

$

Property Tax(Annual)

$

Mortgage Balance

$

Property Insurance(Annual)

$

Owner on Title (Individual/LLC Name)

Gross Rental Income

$

VII. SCHEDULE OF REAL ESTATE SOLD (If additional properties have been sold, provide attachment)

Property Address

Type of Property

Year Acquired

Year Sold

Original Purchase Price

Renovation Cost

Final Sale Price

Owner on Title (Individual/LLC Name)

X. BORROWER BIO & EXPERIENCE

Please write a real estate focused bio below, or attach.

In what geographic areas do you have experience investing?

In what capacity have you been involved in real estate over the years? (Realtor, Contractor, Investor, etc.)

1. How many investment properties have you rehabbed in the past 3 years?

2. How many investment properties do you currently own as rental properties?

3. How many Ground-Up projects have you completed in the past 3 years?

4. How many investment properties have you purchased and rehabbed in your career?

5. How many years have you been a real estate investor?

6. Have you been a licensed contractor or real estate agent for the past 5 years?

7. Company website address/link:

Qualified Circle | Loan Application

XI. ACKNOWLEDGMENT AND AGREEMENT

Each of the undersigned specifically represents to Patch of Land Lending, LLC (“Lender”) and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth below and that any intentional or negligent misrepresentation of this 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; (2) the loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property(ies) described in this application; (3) the property(ies) will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a non-owner occupied business purpose mortgage loan; (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 the Loan; (7) in the event that my payments on the Loan become delinquent, the Lender, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer reporting agencies; (8) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as m ay be required by law; and (9) my transmission of this application as an "electronic record" containing my " electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.

Acknowledgement. Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may (1) verify or reverify any information contained in this application or obtain any information or data relating to the Loan, including but not limited to consumer credit reports, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency, and (2) authorizes the owner of the Loan to release, furnish, provide, and exchange information related to the Loan, mortgage or information set forth herein to potential loan purchasers, and the Lender’s online platform investors (“Authorized Third Parties”

If signing via DocuSign, or physically by hand, please sign & date the appropriate fields below:

Guarantor

Guarantor Signature

Clear

Date

Co-Guarantor

Co-Guarantor Signature

Clear

Date

If signing "offline" using a PDF viewer (i.e. Adobe Reader / Acrobat), please (1) read the following "Acknowledgement of eSignature Representation," (2) check the corresponding box, and (3) type your name & date in the appropriate fields below:

Acknowledgement of eSignature Representation (Guarantor)

By checking this box, typing your name in the Guarantor Signature field below and returning this form to us electronically (via email), you acknowledge and agree that your typed name will serve as your electronic signature and shall have the same legal effect as signing your physical signature by hand. Furthermore, you confirm and acknowledge that you are the legal person representing the following electronic signature.

Acknowledgement of eSignature Representation (Co-Guarantor)

By checking this box, typing your name in the Guarantor Signature field below and returning this form to us electronically (via email), you acknowledge and agree that your typed name will serve as your electronic signature and shall have the same legal effect as signing your physical signature by hand. Furthermore, you confirm and acknowledge that you are the legal person representing the following electronic signature

Guarantor Signature

Clear

Date

Co-Guarantor Signature

Clear

Date

APPLICATION SUBMITTAL INSTRUCTIONS

To submit via DocuSign, click the on-screen "SUBMIT" button

To submit via email (if signed offline or by hand), please send a saved or scanned copy to: [email protected]

To submit via fax (if signed by hand), please send to: (800)513-5044

Qualified Circle | Loan Application