Commercial Loan Purpose

Rate & terms: When you complete the loan request, you will see the matching lenders and the details about potential rates & terms options they offer.

General: Residential, Commercial, Vacant land, Business loan unsecured.

Occupancy: Owner-occupied, non-owner occupied

Loan Position: First position, Second position, Third position, Blanket Loans

Construction: Ground-up construction, Unfinished construction, Fix and Flip

LTV Private: Mostly 60%-70% up to 90% or higher if based on future value

LTV Conventional: Fannie/ Freddie 97%, FHA 96.5%, VA 100%, Reverse Mgt, USDA, SBA, government limits.

Speed: Loans with low LTV could get approved and funded in 5 to 10 days.

Commercial LTV: mostly 60%-70% up to 90% or higher if based on future value

Credit: This depends on the LTV, income, reserves, and other factors. Credit could be as low as 400 and bankruptcy. Good credit enjoys better loans and more options from more lenders.

Income: No personal income or property income is required on some programs.

Verification: No verification is possible for certain Low LTV loans. Most lenders can use bank statements, P&Ls, or other alternatives for tax returns to verify income. Banks require verification of income and assets.

Reserves: Most hard money loans do not require reserves. Having cash in the bank will enhance the loan quality.

Real estate: Additional real estate with solid equity will improve the chances of getting a better loan.

Appraisal: Many lenders could approve loans without a full-blown appraisal if the LTV is under 65%

Co-Borrowers: Financially strong Co-Borrower can swing the loan from declined to approved.

Other qualification factors: Lendersa®'s loan request will not affect your credit score and will let you know all your options in minutes.

• Banks and Credit Unions
• National lenders and investment conduits
• Local hard-money mortgage brokers with funding from private investors

At any given time, some lenders are more active than others. The lenders will review your loan request only if it matches their underwriting guidelines.

Lendersa® AI compares your request against loan programs from over 500 lenders.

Lendersa®'s request takes minutes to complete to bring you the best matching options.

Dissemination: Your loan request is instantly delivered to lenders with matching loan programs

Multiple replies: The lenders with the best results will be selected to reply to the loan request

Not a loan application: The Lendersa® loan request is not a loan application and does not ask for a Social Security number. It does not require disclosure of other personal information.

The request's results will give you the best potential loan programs from over 500 lenders.

The results are not loan approvals but only an indication of potential future approvals with contact information to the potential lenders with the most matching and best rate/ term loan programs.

What next?: You will be contacted directly by the top matching lenders, and you could also contact the lenders. The lenders will confirm the information you provided and will issue you a letter of intent or loan proposals.

Lender Selection: Review the proposal, check the lender's reputation, and decide on the lender you are most comfortable with.

Lendersa® role: Keep in touch with Lendersa®'s team via your portal for personal administrative guidance.

Loan processing: provide documentation the lender asks for in order to get a loan approval. You may upload the document to your dashboard portal, and it can be used if you need to switch a lender for any reason.

Multiple lenders: You may elect to keep two or more lenders processing your loan while waiting for approvals. If a lender changes the program during processing, you could switch to another lender without the need to start the process from scratch!

Approvals: If you get more than one approval, select the best or negotiate before signing anything. Share the approval with the Lendersa team.

Funding and closing the loan: Share your closing with the Lendersa® team via your portal, and you will receive a gift.