Hi all,

After looking on the web for a sample, I found this forum. Any help, suggestions regarding the business plan, executive summury would be greatly appreciated! Actually any information is welcome as this is the first time I deal with this!

Thank you!

What exactly are you trying to accomplish? Is it a purchase or a refi? Can you please be a little more specific?

I've found most hard money lenders to be pretty lax when it comes to business plans.

Typically, my clients have used a pretty simple word document with the following info:

Executive Summary with address and pertinent property info like type of property, age, condition, general income and expense info, net operating income, info about owner/borrower, maybe some info about their general financial status, credit, etc.

Always good to include color pictures and a few maps, like regional, city, and street level.

Current Rent Roll and expense statement are very helpful, as are historical statements going back as far as you can to show them the property is stabilized.

Appraisals within the last 6 months are helpful, but they'll rarely rely on them. If it needs rehab, a quote from a contractor or architect would be helpful.

Feel free to contact me for templates of loan requests used by my clients.

Good luck,

Craig Grella
Connect Realty
206-274-8336
craiggrella@connectrealty.com

Success of any business plan depends upon the reliability of the market research. Others are common practices, that are applied by almost all. You need to change them according to current feedbacks.