Add Guarantor Form

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Add Guarantor Form

ADD MORE LOAN GUARANTORS (i.e. Co-Signers) to your Pre-Loan Application

Fill out this form in addition to your Pre-Loan Application. Answer all the questions to the best of your ability. After you have completed this form a copy of your answers will be emailed to you.

Email *

ADDITIONAL LOAN GUARANTORS PERSONAL INFORMATION

FIRM: SANDY BEACH CAPITAL LLC

GUARANTOR'S FULL NAME *

Your name: (First Name, MI, Last Name, Jr/Sr.)

Phone Numbers for Guarantor: *

Enter phone numbers for: Cell, Home, and Work. (eg: Home: (210) 555-6789)

Address of Guarantor *

(example: 123 MAIN ST, APT 3, MIDWAY, NE 56789)

ZIP Code of Guarantor *

(example: 56789)

County of Guarantor *

(example: Madison)

Previous Address of Guarantor *

(example: 345 MAIN ST, APT 5, MIDWAY, NE 56789)

Guarantor's Title *

(example: Vice-President, Treasurer, Director, Manager, Member)

How long have you rented/owned your current residence? *

Do you own or rent your current address? *

Own

Rent

Other:

Date of Birth of Guarantor *

Subject Property Address: *

Enter the address of the property that will be mortgaged. (example: 123 MAIN ST, MIDWAY, NE 56789 )

EMPLOYER INFORMATION

Primary Employer: *

Enter your employer's name and address.

Years Employed: *

Enter the number of years you have been with the company.

Position with your Employer: *

Enter the name of your position with the company.

Secondary Employer (if any):

Enter your other employer's name and address and number of years with the company, and the position you hold.

Total Monthly Income: *

Enter how much money you earn every month in total.

Estimated Credit Score *

What is your estimated credit reporting agency Credit Score (FICO). (A number between 300-850). Or enter "Unknown".

How many completed flips in the last 24 months? *

How many homes have you fixed up and sold in the last 2 years

GUARANTOR DECLARATIONS:

These disclosures will not necessarily disqualify you for a loan, but we do need to know if any apply to you.

Are there are any outstanding judgments against you? *

Yes

Have you, or any officer of your company, or any guarantor been involved in bankruptcy? *

Yes

b2) Have you ever been convicted of a felony? *

Yes

Are you personally or is your business involved in any lawsuits or pending litigation? *

Yes

Have you directly or indirectly been obligated on any loan of which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgement? *

(This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured [mobile] home loans, any mortgage, financial obligation, bond, or loan guarantee. )

Yes

If “Yes”, provide details, including date, name, and address of lender, FHA or VA case number, if any, and reasons for the action.)

Are you, or your business, presently delinquent or in default on any federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee? *

Yes

Are you obligated to pay any alimony or child support? *

Yes

Are you a guarantor, co-maker, or endorser for any debt of an individual, corporation, or partnership? *

Yes

Is any of your stated income likely to be reduced or interrupted within the next year? *

Yes

Do you have any outstanding letters of credit or surety bonds? *

Yes

Are there any lawsuits or legal actions pending against you? *

Yes

Are you contingently liable on any lease or contract? *

Yes

Are any of your tax obligations past due? *

Yes

Are all of your personal and business tax obligations current? *

YES, they are all current.

They are NOT all current.

Have you or your company ever used a private lender in the past? *

Yes

Citizenship status. *

Are you a:

Citizen of the USA

U.S. National (but not a U.S. Citizen).

Permanent Resident Alien ('Green Card' holder)

Foreign National (Indicate which nation below.)

Other:

Do you have any other contingent liabilities? *

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. If “Yes”, provide details; otherwise answer, "No".

Are any of the tax returns of any Party being audited or contested? *

Yes

Is any Party related through a family, financial, voting or controlling interest in any of the other parties to the transaction for which you are applying for a loan; including, without limitation, sellers, lenders, Realtors, or settlement agents? *

Are you, or any other person involved in this deal, related to one of the other people?

Yes

Will there be any other senior or subordinate liens or encumbrances on all or any portion of the subject property; including, seller carry-backs, second liens or other financing? *

Will there be any second mortgages, additional loans, or owner financing on this property?

Yes

Is the subject property being purchased as part of a “flip” or “wholesale” transaction? *

"Wholesale" transaction means that the property will be resold (or "flipped") to another real estate investor rather than sold to a retail consumer or resident owner.

Yes

Are there any other partnerships, affiliate relationships, joint ventures, agreements, understandings, deals, side agreements, or other similar arrangements that will have an ownership or financial interest in all or any portion of the subject property? *

Will any other person or company own or have a financial interest in the property, or any part of the property, after the closing is completed?

Yes

Do you want to waive the right to receive a copy of the appraisal prior to signing loan documents? *

Yes

SIGNATURE: *

Each of the undersigned hereby authorize Lender and Lender's actual or potential lenders, agents, brokers, processors, attorneys, insurers, servicers, successors and assigns (collectively "Lender") to make all inquiries it deems necessary to verify the accuracy of the information provided herein, and to determine my/our credit worthiness. This includes my/our and my company’s past and present employment, earnings records, bank accounts, stock holdings, insurance information and any other asset balances needed to process this private funding application. I/we also hereby authorize the release of any information necessary for any purpose related to our credit transaction with Lender,including but not limited to a background check and an Office of Foreign Assets Control (OFAC) inquiry. The information obtained is only to be used in the processing of my private funding application. This authorization expires after 120 days from the date indicated below. I/we further authorize Lender to order a private funding credit report and verify all other credit information, including past and present mortgage and landlord references. It is understood that the photocopy of this document shall also serve as authorization to provide the information requested an electronic signature will serve as a legal signature. Privacy Act Notice: This information is to be used for the company and its affiliates collecting it or their assignees in determining whether you qualify for a prospective private funding loan under the company’s program. Additionally, this information may be used to determine fees, pricing, and other compensating factors associated with your private money funding. It will not be disclosed outside the company and its affiliates except as required and permitted by law. You do not have to provide this information, but if you do not your application for approval as a prospective private funding borrower may be delayed or rejected.

I have read and I agree to the above written agreement and acknowledgment.

Required

Credit Report *

Please pull my credit report to help determine pricing

Please wait to pull my credit report until after I have been pre-approved for a loan.

Other:

Credit Repair Consultation (optional) *

Check the box below to claim your FREE, no obligation, initial consultation with our company approved credit repair expert who specializes in helping real estate investors improve their credit scores.

YES, I would like my free, no obligation, initial consultation with a proven credit repair expert.

No, thank you. I don't need credit repair.

Tell me more. I would like to receive more information about this credit repair option before I decide.

ACKNOWLEDGEMENT AND AGREEMENT

Guarantor's Signature:
*

Each of the undersigned parties specifically represents to the Lender, and to each of its actual and potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that (1) the information provided in this application is true and correct as of the date set forth opposite the signature and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability to any person who may suffer any loss due to reliance upon any misrepresentation that I have made in this application and/or criminal penalties; (2) the loan requested pursuant to this application (the “Loan”) will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) the subject property will be non-owner occupied, non-homesteaded investment property for the life of this loan; (5) Lender and its successors and assigns and brokers may retain the original and/or electronic record of this application, whether or not the loan is approved and/or funded; (6) Lender and each of Lender's actual or potential successors, assigns, servicers, brokers, agents, insurers, and representatives may continuously rely on the information contained in this application, and I am obligated to amend and/or supplement the information provided in this application if any of the successors or assigns of the aforementioned parties, in addition to any other rights and remedies that it may have related to such delinquency, may report my name and account information to one or more of the consumer credit reporting agencies; (8) neither Lender nor any of its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (9) my transmission of this application as an “electronic record” contains my/our “electronic signature” as those terms are defined in applicable federal and/or state laws, or my facsimile transmission of this application containing a facsimile of my signature, shall be effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature. Each of the undersigned parties hereby acknowledge and agree that Lender, any owner of the Loan, each of their servicers, successors, and assigns may verify or re-verify any information contained in this application or obtain any information or data relating to the Loan, for legitimate business purpose through any source including a source named in this application or any credit reporting agency.

I/We have read and I/We agree to the above written agreement and acknowledgment.

Required

Guarantor's Signature: *

This is the person who will co-sign for the loan on behalf of the company and will guarantee the loan.

Sign your name below:

Date signed: *

A copy of your responses will be emailed to the address you provided.

Submit

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