The Northeast Companies



Deal Summary

*Please be as detailed as possible when completing this application as it is a vital part of our due diligence process


*We lend to individuals, CORPs, LLCs, and Trusts


 
1. Applicant
 
 
   
 2. Funding Request/ Purpose of Loan

* The Northeast Companies DO NOT LEND FOR PRIMARY 
   RESIDENTIAL USE 
*If construction, please include budget breakdown of how loan's fund will be used.
  Example: Value of Raw Land, Cost of construction, etc.

*If investment, please include any necessary details

 
3. Appraised Value 
 * Calculating DSCR

Net operating income/ total debt service = DSCR (Debt Service Coverage Ratio)

    (Minimum debt service coverage is 1.3x)

*DSCR is only applicable to commercial properties
 
 
Assessed Value (AV)
 
4. Loan Collateral
 

                              
 
5. Exit Strategy
 

                           
 
6. Comments/ File Attachment
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