RCMORTGAGE TENNESSEE l HOTELS l MOTELS

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We believe that a simple, honest, straight forward approach to lending in a manner that builds lasting relationships that generates future business and referrals. You will find that we keep everything “on top the table” in order to prevent any surprises as the closing date approaches. Apartment

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Since we have lenders who specialize in Hotels & Motels of all types we can offer a customized program to meet your present day and future financial needs, weather acquisition - refinance - portfolio.
You will find that we are very competitive and responsive.

Apartment

The Residential Mortgage & Commercial Company finances & refinances commercial properties nationwide. Our mission is to provide our customers with timely responses and competitive customized quotes from direct lenders who specialize in the following general types of properties :

SINCE WE HAVE LENDERS WHO SPECIALIZE IN HOTELS, & MOTELS, WE CAN OFFER A CUSTOMIZED PROGRAM TO MEET YOUR PRESENT DAY AND FUTURE NEEDS. WEATHER IT BE A PURCHASE, REFINANCE OR CASH REFINANCE. - $150,000 to $4,000,000 - Up to 90% LTV - varies each property - Debt Service Ratio 1.25 or more - Closing Times 45-60 Days - Minimum Mid Score 600 - 25 Year Amortization - 48-72 Hour Pre-Qual Time PLEASE KEEP IN MIND: ACCURATE DATA = ACCURATE QUOTES WE LOOK FORWARD TO HEARING FROM YOU! DOING BUSINESS WITH US IS EASY
PERSONAL DATA
FULL NAME OR ALL PARTIES INVOLVED:
BUSINESS PHONE:
PROJECT TYPE: CHOOSE ONE OF THE FOLLOWING:
IF REFINANCE, PRESENT NOTE, TERMS AND PAY OUT.
FOR CASH OUT REFINANCE INTENDED USE OF CASH, SUCH AS IMPROVEMENTS, BUYING ANOTHER MOTEL.
LOAN TYPE: CHOOSE ONE OF THE FOLLOWING:
EXPERIENCE RESUME: (Paste here)
Last known mid score. (We will still have to pull a new report.)
LOAN TO VALUE: (choose one)
YEARS OF MANAGEMENT EXPERIENCE:
REQUESTED CLOSE DATE:
AVAILABLE CASH FOR DOWN PAYMENT:
CASH RESERVE:
REQUESTED LOAN TERM: (choose one)
BORROWER EXPERIENCE: YEARS IN HOTEL/MOTEL BUSINESS:
BUSINESS FAX:
CELL PHONE:
E-MAIL:
PROPERTY DATA
LOCATION & ADDRESS OF STATION:
SELLING PRICE:
NAME OF MOTEL AND CHAIN AVAILABLE:
NUMBER OF UNITS:	AMOUNT:
AVERAGE PERCENT OCCUPANCY:
AGE OF BUILDING:
APPROXIMATE AMOUNT OF LAND SURROUNDING MOTEL:
DESCRIBE ANY SUCH AMENENITIES AS POOL, EXERCISE ROOM, CONFERENCE ROOMS, LAUNDRY ROOMS, ETC...
GROSS INCOME FOR LAST 2 YEARS:
EXPENSES FOR LAST 2 YEARS:
NET OPERATING INCOME FOR LAST 2 YEARS:
WHO WILL BE MANAGING PROPERTY:
WHO WILL BE DOING THE MAINTENANCE:
ADVERTISING/MARKETING AGENCIES ASSOCIATED WITH:
WEB ADDRESS OF MOTEL IF AVAILABLE:
PLEASE SEND ME A BOCHURE AND/OR PICTURES OF THE PROPERTY:	PLEASE SEND TO ME VIA E-MAIL: buddydufao1@msn.com, OR buddydufao@rcmortgagetn.com
SELLING POINTS OF PROPERTY:

DOING BUSINESS WITH US IS EASY!
After the pre-qualification phase, depending on the above we may need the last 3 years tax returns for the property, last 60 days interum financial's on the property. Last 3 years tax returns and financial statements for share holders of 20% or more.
Depending on the above information that is supplied, we may have to fax you one of our forms to fill out. Once the project is approved a quote will be forwarded - complete with closing costs and we will close in 45-60 days once all documents are signed.
THIS IS A PRE-QUALIFICATION APPLICATION THE INFORMATION THAT IS SUPPLIED ON THIS FORM WILL NOT BE SOLD TO ANY 3RD PARTY PEOPLE, OR COMPANIES. THE INFORMATION USED WILL BE FOR DATA RECORDS FROM TEH COMPANY OF RC MORTGAE, AND RC MORTGAGE ONLY. THANK FOR YOUR APLLICATION SUBMISSION.