SMART FINANCE OPTIONS, Inc ä
Fee Agreement for Hard Money
Stated Asset-Stated Income Commercial Loan
Smart Finance Options will send your request for a loan to our specific lending contacts. The loan process is completed in Seven Steps:
1.
Complete our 1 page submission form and return along with color photos and rent rolls (if
Complete our 1 page submission form and return along with color photos and rent rolls (if applicable)
2.Our lender underwrites the deal in-house
Our lender underwrites the deal in-house3.A preliminary commitment is typically issued within 24 hours
A preliminary commitment is typically issued within 24 hours4.Lender inspects the property (nominal inspection fee applies)
Lender inspects the property (nominal inspection fee applies)5.Final commitment is issued; deal ready for closing (refundable deposit required)
Final commitment is issued; deal ready for closing (refundable deposit required)6.Title search and Environmental (Phase 1) are performed
Title search and Environmental (Phase 1) are performed7.Deal closes
Deal closesSmart Finance Options does not make any claim as to whether or not the loan will be approved or the amount.
By signing below you hereby appoint Smart Finance Options as the loan placement representative, and in that capacity, should Smart Finance Options secure financing on your behalf by providing the lending contact, you understand, and give full consent to be charged, and subsequently pay direct or indirectly, the loan origination fee of 2% of the amount granted, to be paid at closing.
NOTICE: The Federal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, martial status or age (provided the applicant has the capacity to enter into a binding contract) or 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 the Federal Trade Commission, Equipment Credit Opportunity Washington, D.C. 20580.
If your application for business is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact the lender directly or its designee (and any assignee or potential assignee thereof) authorizing review of your personal credit profile from a national credit bureau. By signature below, I/we affirm my/our identity as the respective individual/s identified below and have read, understood and agreed to the terms and conditions of this request.
Signature __________________________________________ Date _________________________________
Print Name: ______________________________________Company Name ___________________________
Signature __________________________________________ Date _________________________________
Print Name: ______________________________________Company Name ___________________________
Print, Sign and Fax to 1-888-377-6365
