TCH Development, LLC

Transcription

1 TCH Development, LLC RELIGIOUS ORGANIZATION LOAN APPLICATION If your church is seeking to expand or refinance we may be able to help! We occupy a unique position in church financing, with the capability to provide churches with a variety of options. Capable of offering financing for all types of Church Properties, including: Churches, Christian Camps, Schools, Day Care Facilities and other related Church Properties. Services Offered Direct Loans Equity Loans Interim and Bridge Loans Construction Loans Permanent Long Term Financing Structured Financing for Your Needs Interest Only Payments Graduated Payments Fully Amortized Debt Fixed Rates Competitive Interest Rates Send completed applications with 2-3 years financials and digital pictures: We look forward to working with you!

2 PAGE 1 OF 6 (RELIGIOUS ORGANIZATION LOAN APPLICATION) (REF CODE ) RELIGIOUS ORGANIZATION LOAN APPLICATION Broker Name Broker Company Phone Points Requested Do you have an outside fee agreement? Church Contact Person Phone Fax Role: Name of Church/Organization Phone Fax Address City State Zip Organization s Tax I.D. # Amount of Funds Requested Estimated Cost of Project Type of Loan: Refi ( ) Cash Out ( ) Purchase ( ) Construction ( ) If Purchase: Purchase Price: $ Amount of Down Payment: $ Seller Carry-Back: $ Additional funds to put down: $ Do you have signed contract: Yes / No Expiration Date: Subject Property Address: General Information: Date Organization Formed Date Organization was Incorporated Senior Pastor Since Denomination Independent Seating Capacity of Worship Center Number of Worship Services Do you operate a school? Yes / No Grades Last full year s school Receipts $ Expenses $ Have you had a bond issue in the past? Yes / No Underwriter Is Board of Trustee action or Congregation s approval necessary for this Loan? Yes / No Name of your Bank? Saving $ Checking $ Do you accept Visa or MasterCard? Yes / No What is Average monthly volume: $ Have you been turned down previously: (This info is critical in determining what issues we will have to overcome) By whom and Reason(s): Are you currently working with any lender, consultant or broker on this transaction: Yes / No If yes, who:

3 Page 2 of 6 (Religious Organization Loan Application) Membership Worship Attendance Sunday School Attendance ( months in 2014) Income/Expenses: ( months) Non-designated Receipts $ $ $ $ Non-designated Expenses $ $ $ $ Net Income $ $ $ $ Building Fund Income $ $ $ $ Pledge Drive History: Current Pledge Drive Began Amount Pledged $ Term of Pledges is months. Amount Collected (to date) $ Firm Used Internal Next Pledge Drive Planned for (date) Describe Your Request in Detail: (Explain what the money is to be used for) If Purchase: Address of Property: Square Feet of the building(s): Number of Acres or size of the lot(s): (Description of Property) Creditor Information: Total Existing Debt $ Are you current on Payments? Yes / No Reason for being behind on payments: Any Past Defaults? Yes / No If not, number of payments behind:

4 Page 3 of 6 (Religious Organization Loan Application) Property Information (Please list all properties owned by the Organization) * Address of Property 1: Value of the Property ( As Is Value of Existing Improvements and Land) $ Amount Owed $ Monthly Payment Amount $ Square Feet of the building(s): Number of Acres or size of the lot(s): (Description of Property) Date of Original Purchase Price $ Improvement since Purchase $ **Are Payments Being Made 'On Time': Yes or No If no, how many payments behind and why: Name of Lender Phone Number * Address of Property 2: Value of the Property ( As Is Value of Existing Improvements and Land) $ Amount Owed $ Monthly Payment Amount $ Square Feet of the building(s): Number of Acres or size of the lot(s): (Description of Property) Date of Original Purchase Price $ Improvement since Purchase $ **Are Payments Being Made 'On Time': Yes or No If no, how many payments behind and why: Name of Lender Phone Number (Please attach a separate Sheet if there are additional properties)

5 Page 4 of 6 (Religious Organization Loan Application) Other Creditors (Other than those listed above) 1. Name Outstanding Balance $ Phone Number Monthly Payment $ 2. Name Outstanding Balance $ Phone Number Monthly Payment $ To initially review your Financing Request we will need the following information: Please insure this information is provided: o Fully Completed Religious Organization Loan Application o Financials (YTD & Year-Ending 2013, 2012 & 2011) (Profit & Loss and Balance Sheets) o Digital Pictures of the Property (Internal & External) o Copies of any recent or old Valuations or Appraisals - do not order new ones yet o A brief resume of the Pastor o A brief history of the Religious Organization o If Purchase, Need Copy of the Purchase Contract (if available) o If Construction or Renovation, A Construction Budget or Contractor Quote (if available) Additional items that will be needed if it is determined that the Church meets the basic qualifications: Copies of the "Articles of Incorporation" & "By Laws". The current and prior years' budgets. List of Board Members and their occupations. This Application was prepared by: Signature: Name: Company: Date:

6 Page 5 of 6 (Religious Organization Loan Application) ) CERTIFICATION AND AUTHORIZATION CERTIFICATION The undersigned hereby certify the following: 1. I am / We are seeking to secure Financing. In applying for this Financing, I/We completed an application containing various information and certify that all of the information is true and complete. I/We further hold FUNDINGEDGE AND/OR POWER2FUND harmless of any misrepresentations on the Financing Application and/or other documents. 2. I/We understand and agree that FUNDINGEDGE AND/OR POWER2FUND reserves the right to verify information provided on the application. 3. I/We understand that FUNDINGEDGE AND/OR POWER2FUND is acting as my/our consultant and further acknowledge that all disclosures required by law in regard to the Financing are to be provided by the lender and/or financing entity NOT FUNDINGEDGE AND/OR POWER2FUND. AUTHORIZATION To Whom It May Concern: 1. I am / We are applying for Financing. As part of the application process, FUNDINGEDGE AND/OR POWER2FUND or its assigns are authorized to act on my/our behalf in obtaining the Financing. 2. FUNDINGEDGE AND/OR POWER2FUND or its assigns may verify information contained in my/our application and in other documents that have been provided in connection with the Financing. I/We authorize you to provide to FUNDINGEDGE AND/OR POWER2FUND or its assigns, information and documentation that they request. Such information includes, but is not limited to, employment history and income; bank and similar accounts; and credit history. 3. A copy and/or faxed copy of this authorization may be accepted as an original. ORGANIZATION NAME Organization Representative Name - Printed Organization Representative - Signature Date

7 Page 6 of 6 (Religious Organization Loan Application) ) AUTHORIZATION TO OBTAIN CREDIT INFORMATION I / We represent and warrant that the information provided in this credit application is complete, accurate and true. Each individual signing below also requests and authorizes any lenders or funding source which may be utilized (collectively referred to as Lenders ) to obtain information from the references listed above and obtain commercial and/or consumer credit histories that will be ongoing and relate not only to the evaluation of the business credit requested, but also for purposes of reviewing the account, increasing the credit line on the account (if applicable), taking collection action on the account, and for any other legitimate purpose associated with the account as may be needed. A facsimile, electronic or other copy of this signed authorization shall be as valid as the original. ORGANIZATION NAME Organization Representative Name - Printed Organization Representative - Signature Date