If Borrowing Entity Not Yet Formed/Tbd What Type of Entity Will It Be?

Metro DC and Northern Virginia

LOAN CONTACT
Primary Contact Name:
Primary Contact Tel:
Primary Contact Email:
Collateral Estimated Value as-is: / $
Collateral Estimated Value when complete(ARV)
(if applicable) / $
Purchase Price(if applicable) / $
PRIMARY COLLATERAL
Collateral Address
Property Type
(Mark “X”
or describe) / Currently / Proposed
(if different)
Detached House / Detached House
Twn/Row / Twn/Row
Condo / Condo/Conversion
Multi-Family Bldg / Multi-Family Bldg
Mixed Use / Mixed Use
Land/Lot / Land Lot
IF OTHER: Describe
Current / Proposed
(if different)
Describe any other significant structuresCurrently on the lot
Utilities: / Current / Proposed
(if different)
Public Water / Public Water-Sewer
Public Sewer / Public Sewer
Septic / Septic
Well Water / Well Water
Gas Heat / Gas Heat
Electric Heat / Electric Heat
Oil/Other Heat / Oil/Other Heat
NA/Other/Land / NA/Other/Land
Describe the current condition of the property
*If the property is multi family, just indicate current units ex: 3 2br 1 ba condos, 4 1br 1ba etc.
If not applicable for your property in its current condition, just enter “na”.
PROJECT PLAN – SCOPE – BUDGET – TIMELINE – LOAN EXIT PLAN
***REPLACE SAMPLE ANSWERS BELOW WITH YOUR ANSWERS***
Objective/Loan Exit Strategy/ESTIMATED ARV:
Acquire and renovate the collateral to resell upon completion for $550k-$580k.
Scope of Work:
We will remodel kitchen, paint interior and exterior, add one bathroom, do some exterior landscaping.
(Note any changes to property footprint or additions to bedrooms or baths.)
Budget notes and totals:
The budget for the renovations is approximately $30,000. (Attach line item budget.)
Estimated Timeline and any risks to timeline:
Renovations should be completed in less than 60 days by which time property will be listed for resale and priced to move quickly. Arlington has had some permitting delays, but recent inquiries suggest all back to normal now.
Experience of GC/Subs/Project Manager:
Identify and Describe background of folks overseeing the work. Experience? Licenses?

B O R R O W E R A N D G U A R A N T O R D A T A

IF BORROWING ENTITY NOT YET FORMED/TBD ----- WHAT TYPE OF ENTITY WILL IT BE?

(Check the correct Box below)

Single Asset -- Single Member LLC
Single Asset -- Multiple Member LLC
Multiple Asset -- Single Member LLC
Multiple Asset -- Multiple Member LLC
Other
IF BORROWING ENTITY(or person)ALREADY ESTABLISHED---- PROVIDE DETAILS BELOW
Legal Name
Address / #members / #assets
(Properties Owned, etc.)

ALL ENTITY OWNERS:

FULL LEGAL NAME / %ownership

TAX REPORTING

Please enter the name and Tax ID of the entity or individual whose Tax return will be used to report this transaction.

Entity or Individual Legal Name / Entity or Individual Tax ID or SSN

LOAN GUARANTORS

Note: We will require a completed Personal Statement Form for the Primary Project Sponsor, and may require one for one or more of the additional guarantors as well.

Full Legal Name / Citizenship
Country / Date Birth / SSN or Tax ID#
Residence Street / Residence City / ST & Zip

APPLICATION DISCLOSURES AND NOTICES

ECOA NOTICE – BUSINESS CREDIT

Creditor’s Name: Oakview Capital LLC

Creditor’s address: 828 Springvale Road, Great Falls, VA 22066

If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact [name, address and telephone number of the person or office from which the statement of reasons can be obtained] within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the denial within 30 days of receiving your request for the statement.

NOTICE: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is: Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580

CREDIT AUTHORIZATION

You are authorized to make order a personal credit report and conduct all inquiries you deem necessary to verify the accuracy of the information contained herein and to determine the credit worthiness of the undersigned. The undersigned authorizes any person or consumer reporting agency to give you any information it may have on the undersigned. Each of the undersigned authorizes all third parties to answer questions about their credit experience with the undersigned. As long as any obligation or guarantee of the undersigned to you is outstanding, the undersigned shall supply annually an updated financial statement. This personal financial statement and any other financial or other information that the undersigned gives you shall be your property.

CONSENT TO RECEIPT OF DISCLOSURES ELECTRONICALLY

I certify that I am able to receive emails with pdf attachments and open and print the documents. I consent to receive legal and all other documents related to this transaction in electronic form. I understand I may withdraw this consent at anytime. I may receive any of the documents provided in paper form as well upon my request. To withdraw my consent, or request a document in paper form, or change the email address at which I prefer to receive documents, I may contact my loan officer and verbally request any changes.

APPRAISAL NOTICE AND TIMING WAIVER

The lender may or may not require formal appraisal(s) to be completed at your expense as part of the collateral underwriting process. If this loan is secured by a first lien on a residential dwelling, I acknowledge that I am entitled to receive a copy of all appraisals used in connection with the loan. The lender may not charge to provide me/us this/these copy(ies).

I also waive my right to receive all appraisals upon the sooner of lender receipt, or no less than 3 days before consummation. I understand I will still be provided a copy of all appraisals at or before consummation of the loan. If the loan is not consummated, I will receive a copy of any appraisal no more than 30 days after lender determines the loan will not be consummated.

ONLY COMPLETE THE INFORMATION BELOW

IF THE BORROWING ENTITY IS ANATURAL PERSON

(DO NOT COMPLETE IF BORROWER IS LLC/INC)
Home Mortgage Disclosure Act

If any of the proceeds of this loan will be used for: purchase, improvement or refinance of residential real estate, and the loan is not a bridge loan, construction only loan, or lot only loan, please read the information below and check the appropriate boxes.

The following information is requested by the federal government for certain types of loans related to a dwelling in order to monitor the lender's compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may not discriminate on the basis on this information, or on whether you choose to furnish it. However, if you choose not to furnish the information and you have made this application in person, under federal regulations the lender is required to note race or national origin and sex on the basis of visual observation or surname. If you do not wish to furnish this information, please check below.

APPLICANTCO-APPLICANT

 I do not wish to furnish this Information I do not wish to furnish this Information

Ethnicity: Ethnicity:

⁯ Hispanic or Latino ⁯ Hispanic or Latino

⁯ Not Hispanic or Latino ⁯ Not Hispanic or Latino

Race: Race:

 American Indian or Alaska Native  American Indian, or Alaska Native

 Asian Asian

 Black or African American  Black or African American

 White White

 Native Hawaiian or Other Pacific Islander  Native Hawaiian or Other Pacific Islander

Sex:Sex:

 FemaleFemale

 MaleMale

______
Applicant Signature Date
______
Applicant Printed Name / ______
Joint Applicant/Spouse Signature Date
______
Joint Applicant/Spouse Printed Name

NON-OCCUPANCY AND BUSINESS PURPOSE CERTIFICATION

The applicant hereby certifies on behalf of all obligors on this loan that:

NONE of the Obligors (Borrowers or Guarantors on this loan), and none of the owners on title at closing intend to occupy this property as a residence.

NONE of the obligors or title holders at closing will occupy this property as a residence during the life of this loan.

ALL of the purposes of the Loan, exclusive of commissions and loan expenses incurred to obtain the Loan, are to fund real property Applicant and/or affiliate will own for investment and business and/or commercial purposes and without any intention of ever occupying such property. No Property is used or will be used as a residence or second home of any direct or indirect holder of equity interests in Borrower(s), or any family member (ancestors, spouse, or lineal descendants) thereof, and the Property is an investment.

NO part of the Loan proceeds are intended to be used or will be used for a nonbusiness (i.e.,consumer) purpose.

Signature / Printed Name/Title / Date

SIGNATURE PAGE

On behalf of the borrower, I hereby submit this application, certify that all information provided is true and correct, and acknowledge that I have read and understand the disclosures provided herein.

Signature / Printed Name/Title / Date

Please sign and return the completed application along with

Sales Contract(if applicable)
Drivers Licenses and Entity Docs if not already in our files
Executed Personal Statement Forms if not already in our files
Line item project budget (if applicable)
Title Company and Insurance Contacts
VERIFY ALL ENTITIES IN GOOD STANDING WITH STATE

______

This Application was completed:

X By the Applicant and submitted via email or the Internet.
 By the Applicant and submitted by fax or mail
 In a face to face interview
 In a telephone interview / Originated By:
Robert Musseman
NMLS: 85152 / Originating Firm:
Oakview Capital LLC
NMLS: 1618618
828 Springvale Road
Great Falls, VA 22066

Robert Musseman______

OriginatorDate

/ Page 1 of 7 / NMLS#: 1618618