New Guidelines for Private Lender Loan Memo

March 3, 2013 - PRLog -- The borrower and guarantor(s) name and address.
A summary of the loan request including a statement of:

amount/structure,
rate,
term,
fees,
statement of collateral and estimated value, and
summary of loan conditions and covenants.

A summary of the sources and uses of the loan proceeds (particularly useful for term loans, real estate acquisitions and construction).
Summary of debt service coverage and cash flow information.
Detailed presentation of:

the business’s history, products or services and competitive market;
cash flow analysis of borrower and guarantor(s); and
financial and collateral analysis of borrower and guarantor(s).

Summary of the request’s strengths and weaknesses.
Loan officer-assigned risk rating with explanation.
Environmental assessment requirements.
Explanation of any documentation or underwriting exceptions.

About the AuthorAre you looking for applying hard money loan? Consider Boyd Capital Group for your hard money requirements. Make a property investment with the help of their hard money loans services. For more information please visit http://www.theboydcapitalgroups.info/