APPLICATIONLOAN

Alpha Funding Partners COMMERCIAL LOAN APPLICATION

APPLICANTS/GUARANTORS

Name:

Name:

Business/Home Address:

Business/Home Address:

Business/Home Telephone:

Business/Home Telephone:

Cell Number:

Cell Number:

Date of Birth: Date of Birth:

Email:

Email:

I, the undersigned, hereby authorize Alpha Funding Partners, LLC, and/or its assigns, to verify all information with regard to, but not limited to credit history, employment history, warehouse line of credit accounts, bank accounts, any accounts payable, investor relationships and all other information deemed necessary in connection with my application for approval. I authorize the release of loan balances, ratings or any other pertinent information requested by Alpha Funding Solutions. I authorize Alpha Funding Partners, LLC, and/or its assigns to reproduce this authorization as needed to obtain complete information. A copy of this instrument bearing my signature carries the same authority as the original. I/we hold your company, officers and employees harmless for furnishing true and correct information. I/we fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1014. Applicant/Guarantor SSN:

Applicant/Guarantor SSN:

Applicant/Guarantor Signature:

Applicant/Guarantor Signature:

Date:

Date:

CONSTRUCTION/REHAB WORK SHEET

PROPERTY ADDRESS:

TYPE OF COLLATERAL Single Family Home

Multi-Family Home

Mixed Use Commercial Industrial

Office Retail Restaurant Hotel/Motel

Other:

PROPERTY DESCRIPTION Year Built Site Sq Ft Usable Sq Ft # of Stories # of Units

DEAL INFORMATION

Is this property under contract? Yes No Do you plan to live in the property? Yes No Do you own this property? Yes No Requested Loan Amount: $ Purchase Price: $ Estimated As-Is Value: $ Rehab/Repair Cost (Attach Breakdown): $ Cash Personally Brought to Closing: $ Estimated After Repair Value (ARV): $ Proposed LTV: %

Is there additional cross collateral on this loan? Yes No Additional Collateral:

Address Asset Type SFH/Muti/Etc

Is there any Mortgages or Liens?

Y/N

Do you own this property?

Y/N

Current Market Value

USE OF FUNDS/SCOPE OF WORK

(Describe how you intend to use the proceeds/work to be completed)

ADDITIONAL BORROWER INFORMATION Are there any outstanding judgements against you? Yes No Have you declared bankrupt in the past 7 years? Yes No Have you had a property foreclosed upon or given title or deed in lieu thereof in the last 7 years? Yes No Are you party to a lawsuit? Yes No Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of? Yes No Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond, or loan? Yes No Are you a U.S. Citizen? Yes No Deals Previously Completed

Guarantor Name

Legal Entity of Transaction

Subject Property Address Purchase Date

Sale Date Copy of HUD

Included Y/N

PREPARER REPRESENTS THAT TO THE BEST OF THE PREPARER’S KNOWLEDGE THE ABOVE STATEMENTS AND FACTS ARE TRUE AND CORRECT AND TO THE BEST OF THE PREPARER’S KNOWLEDGE, NO MATERIAL FACTS HAVE BEEN SUPRESSED OR MISSTATED. Signature:

Date:

Name (Printed):

Signature:

Date:

Name (Printed):

PERSONAL FINANCIAL STATEMENT (Please complete a separate statement for each Applicant/Guarantor)

Borrower Name:

Address:

Phone: Email:

Section 1 – Statement of Financial Condition Assets In Dollars Liabilities In Dollars

Checking: $ Notes Payable: $ Savings: $ Traditional Mortgage

Loans Payable: $

Real Estate: $ Other Private or Hard Money Loans

$

Securities: $ All Other Liabilities: Automobiles: $ $ Cash Value of Life Insurance: $ $ Personal Assets: $ All Other Assets: $ Total Assets $ Total Liabilities $

Section 3 – Annual Income / Expenditures

Annual Income In Dollars Annual Expenditures In Dollars Salaries and Wages $ Installment Payments (Auto, Credit

Cards, Student Loans Etc.): $

Bonuses & Commissions: $ Mortgage/Rental/ Leases: $ Dividends & Interest Income: $ Any Insurance Premiums: $ Net Real Estate Income: $ $ Net Rental Income: $ $ All Other Income (List Below): $ All Other Expenditures (List Below): $ Total Income: $ Total Expenditures: $

Section 4 - Unpaid Taxes: (Describe as to type, to whom payable, when due, amount and to what property)

Section 5 – Real Estate Owned (Use attachment if necessary. Each attachment must be identified as a part of this statement and signed.) Address Date

Purchased Purchase

Price Current Market Value

Mortgage Holder

Mortgage Balance

Monthly Payment

Mortgage Status

Asset Type

SFH. Etc

Section 2 - Contingent Liabilities Legal Claims and Judgements: $ Federal or State Back Taxes Due $ Other Special Debt: $

DOCUMENTATION TO BE SUBMITTED WITH THIS APPLICATION Please submit the following documentation along with this application. If you have other documentation not listed here, please feel free to submit that as well.

3 Months Most Recent Bank Statements We utilize the bank statements to showing that you have funds or cash flow to properly capitalize the deal. (includes down payments, interest reserve, working capital and income) If you are also submitting business tax returns please include the appropriate Formation Document and Operating agreement so that we can verify ownership. Without submitting bank statements, we will be unable to review the deal. Contract The Contract of Sale is the starting point for any deal. This document is important to both Alpha as well as the appraisal and title company. It allows us to verify the deal terms and make sure there is nothing unexpected. This document can take on a few different forms depending on the transaction.

• Contract of Sale: This is for a normal Arm’s Length Transaction • Conditions of Sale/Winning Bid Sheet: Typical for Sheriff Auctions • Assignment Contract: This is typically for when you are buying a deal from a wholesaler

and outlines your agreement with the wholesaler. • Short Sale Approval Letter: This document is exclusive to Short Sales. This outlines the

terms of the short sale separate from the Contract.

Renovation/Construction Budget The Budget is one of the most important part of your transaction. It’s guiding force to your rehab. We have attached an excel spreadsheet that outlines clear your Budget line by line. We ask that you use our sample form to present your Budget. This budget is used to evaluate draws and make sure your requests match up with your budget. HUDs As described on Page XX, please submit copies of the HUDS for deals you have previously completed. Driver’s License Please submit a copy the Driver’s License for all Guarantors.

LOAN APPLICATIONAFP App v1.2Revised PFS

Name: Name_2: BusinessHome Address: BusinessHome Address_2: BusinessHome Telephone: BusinessHome Telephone_2: Cell Number: Cell Number_2: Date of Birth: Date of Birth_2: Email_2: ApplicantGuarantor SSN: ApplicantGuarantor SSN_2: Date: Date_2: Other: Year BuiltRow1: Site Sq FtRow1: Usable Sq FtRow1: of StoriesRow1: of UnitsRow1: fill_27: fill_29: fill_31: fill_32: fill_33: fill_34: fill_36: Asset Type SFHMutiEtcRow1: Asset Type SFHMutiEtcRow2: Describe how you intend to use the proceedswork to be completed: Check Box3: OffCheck Box4: OffCheck Box5: OffCheck Box6: OffCheck Box7: OffDropdown8: 0: 0: [ ]1: [ ]

1: 0: [ ]1: [ ]2: 0: [ ]1: [ ]2: [ ]3: [ ]4: [ ]5: [ ]

Check Box1: 0: Off1: Off2: Off

Check Box2: 0: Off1: Off2: Off

Check Box8: OffCheck Box13: OffText1: Legal Entity of TransactionRow3: Guarantor NameRow3: Legal Entity of TransactionRow2: Guarantor NameRow2: Legal Entity of TransactionRow1: Guarantor NameRow1: Subject Property AddressRow3: Subject Property AddressRow2: Subject Property AddressRow1: Purchase DateRow3: Purchase DateRow2: Purchase DateRow1: Purchase DateRow4: Sale DateRow1: Sale DateRow2: Sale DateRow4: Sale DateRow3: Guarantor NameRow4: Legal Entity of TransactionRow4: Subject Property AddressRow4: Guarantor NameRow5: Legal Entity of TransactionRow5: Subject Property AddressRow5: Purchase DateRow5: Sale DateRow5: Guarantor NameRow6: Legal Entity of TransactionRow6: Subject Property AddressRow6: Purchase DateRow6: Sale DateRow6: Check Box9: OffCheck Box10: OffCheck Box11: OffCheck Box12: OffCheck Box14: OffCheck Box15: OffCheck Box16: OffCheck Box17: OffCheck Box18: OffCheck Box19: OffCheck Box20: OffCheck Box21: OffCheck Box22: OffCheck Box23: OffText26: Text27: Text28: Text29: Borrower Name: Address: Phone: Email: fill_56: fill_58: fill_60: fill_61: 0: 1:

fill_63: fill_65: 0: 1: 2: 3: 4:

All Other Liabilities_2: All Other Liabilities_3: fill_67: 0: 1:

All Other Liabilities_4: fill_7: All Other Liabilities_5: fill_5: All Other AssetsRow1: Row1: All Other AssetsRow2: Row2: fill_70: All Other LiabilitiesRow5: All Other LiabilitiesRow6: Row3: Row4: fill_72: fill_75: fill_77: Other Special Debt: fill_79: fill_82: fill_83: fill_84: fill_85: fill_86: 0: 1: 2: 3:

Any Insurance Premiums: fill_87: fill_88: All Other Income List BelowRow1: Any Insurance Premiums_2: All Other Expenditures List BelowRow1: fill_92: fill_94: Section 4 Unpaid Taxes Describe as to type to whom payable when due amount and to what propertyRow1: Date PurchasedRow3: AddressRow3: Date PurchasedRow2: AddressRow2: Date PurchasedRow1: AddressRow1: Purchase PriceRow1: Mortgage HolderRow3: Current Market ValueRow3: Purchase PriceRow3: Mortgage HolderRow2: Current Market ValueRow2: Purchase PriceRow2: Mortgage HolderRow1: Current Market ValueRow1: Monthly PaymentRow3: Mortgage BalanceRow3: Monthly PaymentRow2: Mortgage BalanceRow2: Monthly PaymentRow1: Mortgage BalanceRow1: Asset Type SFH EtcRow3: Mortgage StatusRow3: Asset Type SFH EtcRow2: Mortgage StatusRow2: Asset Type SFH EtcRow1: Mortgage StatusRow1: fill_90: 0: 1: