For new purchases
- Address
- Property type (single family, duplex, 12 unit MF, etc)
- Occupancy status
- Purchase price
- As-ls value
- Rehab amount if any
- ARV or Stabilized Value if applicable
- Credit
- Track record/experience
- Pricing/leverage expectations
For refi's
- Address
- Property type (single family, duplex, 12 unit MF, etc)
- Occupancy status
- Purchase date
- Purchase price
- Rehab amount spent if any
- Rehab amount remaining if any
- As-ls value
- ARV or Stabilized Value if applicable
- Payoff amount if any
- Credit
- Track record/experience
- Pricing/leverage expectations
- Purchase contract or HUD
- Payoff statement if applicable (for refi's)
- Drivers license
- Credit release form
- PFS/REO
- Track record
- Scope of work/Draw schedule if applicable
- Appraisal made out to A&S Capital
As-ls if no construction is being done
As-ls and ARV if construction is being done
- Borrowing entity documents
Additional documents that may apply depending on the deal
- Rent roll - Generally for MF deals
- Borrower's proforma - For value add MF deals
- Company financials/tax returns - Generally for bigger MF deals
- Property condition/Engineering report - Generally for bigger heavy rehab MF deals
- Phase 1 report - Depending on the deal, this could apply for a mixed-use property
- Bank statements - lf a deal will require liquidity from the borrower, we'd like to make su re the funds exist
- Entity docs/HUD's/bills - Depending on the deal this could be applicable for verification purposes
- New draw requests should be sent to draws@ascapital.us
- We require a draw schedule to be submitted with the loan package
- All draws will be done on a reimbursement basis
- Our team will share a Truepic link with the borrower
- Borrower will take pictures/videos and send back to us through Truepic
- Our team will review and release the draw
- A third party inspection will be ordered to confirm the released draw amount
- Draw management fee of $550 to $2K depending on the number of units
- Extension requests should be sent to extensions@ascapital.us
- Payoff requests should be sent to payoffs@ascapital.us
- Accounting/payment related questions should be sent to accounting@ascapital.us
- For general questions please reach out to info@ascapital.us