KDM Financial Loan Submission Checklist

Korth Direct Mortgage LLC (NMLS ID 1579547)

Provide your KDM Account Executive with the following documentation:

1) Current rent-roll for the subject property

2) Year to date profit & loss statement for the subject property

3) Previous 2 calendar years profit & loss statement for the subject property

4) KDM Loan Application Form

5) KDM Environmental Questionnaire

6) Signed Credit Authorization Form – KDM needs a tri-merge credit report for each

borrower/guarantor

7) Every loan must close in the name of a single purpose LLC

8) Copy of bank statements verifying the rental income

9) Copies of 2 government issued IDs

Property Insurance Coverage Requirements

1) Property Damage Insurance: 110% of the unpaid principal loan balance

2) Business Income / Rental Value Coverage: Must cover actual loss sustained or minimum of 12

months

3) Flood insurance

4) Windstorm/Named Storm Coverage: 110% of unpaid principal balance

All Loans Are Escrowed for taxes and insurance

LOAN REQUEST FORMSubmission Date: _______________

Broker Information

Company Name:_____________________ Contact:______________________________________

Cell Phone:__________________________ Fax:__________________________________________

Phone:______________________________ Email:________________________________________

Address:_____________________________ City, State, & Zip:______________________________

Borrower Information:

Borrower Name:_____________________________________ Mid Credit Score:______________________________

Borrower Social Security Number: ______________________ Borrower Date of Birth:_________________________

Borrower mailing address:_____________________________ City, State, & zip:______________________________

Borrower Home phone number:________________________ Borrower Cell Number:_________________________

Co-Borrower Name:__________________________________ Mid Credit Score:______________________________

Co-Borrower Social Security Number:___________________ Co-Borrower Date of Birth:______________________

Co-Borrower Mailing Address:__________________________ City, State, & zip:______________________________

Name of Borrowing Entity:_____________________

Subject Property Information

Address:_____________________________________ City, State, & Zip:______________________________

Total Number of Units:_____

Number of Occupied Units:_____

Number of Vacant Units:________

Other Comments:____________________________________________________________________

Loan Request Information:

Loan Purpose: Purchase Refinance Cash-out Refinance

Fixed Period: 5 year fixed 5 year adjustable with a 10 year baloon

What are the cash-out proceeds going to be used for?

Estimated Property Value:__________________ Requested LTV:_______________________________

Requested Loan Amount:___________________

Required Documentation

• Current Rent-roll • 3 months bank statements showing rental income deposits

• Year to Date Profit & Loss Statement • Source of funds document on all purchases

• Previous 24 months Profit & Loss Statement • Every loan must close in the name of an LLC

By submitting this KDM Loan Request Form you are certifing that the borrower has given KDM Financial &

all of its affiliates the authorization to check the borrowers credit report and score.

Please email the complete loan application to Dllorente@KDMInvestor.com

Korth Direct Mortgage LLC (NMLS ID 1579547)

Rent Roll

ALL COLUMNS AND SECTIONS MUST BE COMPLETED Rent Roll as of: _________________________

Property Address City State Zip Code

Total # of Units # of Vacant Units # Of Section 8 Units # of Rental Subsidized Rental Units

Unit #

Tenant's

Name BDR/Bath

Sq. FT.

(Approx)

Current

Rent per

month

When did

the lease

start?

When

does the

lease

expire?

Date of

last Rent

Increase

Section 8

(Y/N)

Rent

Concessions

(Y/N)

*Use additional Forms if necessary

Monthly Rent Schedule What utilities are inlcuded in the rent?

Monthly Garage Income Is the property subject to rent control?

Other Income (specify Below)

Total from other pages

Total Gross Monthly Income

SIGNATURE

I (we) certify under penalty of perjury that the foregoing information herein is true and accurate.

__________________________________ _______ ________________________________________

Borrower Date Borrower Date

If yes, what is the current allowable increase per

year? $_________________

What has been you average monthly occupany rate

over the preceding 12 months? _______%

Monthly Laundry Income (Must

show on P&L)

Does the sponsor occupy any of the units in the subject

property? _________

Profit & Loss Statement

ALL COLUMNS AND SECTIONS MUST BE COMPLETED Profit and loss as of: __________________

Property Address City State Zip Code

Rental Income Collected

Coin Laundry Income

Parking Income

Common Area Maintenance

Other Income

Total Income Collected

Do not include one time capital expense items

Real Estate Taxes

Insurance

UTILITIES

Gas / Electricity

Water/Sewer

Trash

MAINTENANCE

Pest Control

Storm Debris / Snow Removal

Gardener

Pool Service

Elevator

Cleaning Service

Buidling Rep. & Maint.

Painting & Decorating

Supplies

MISCELLANEOUS

Resident Manager

SecurityOff-Site ManagementOther

Total Expenses

Comments or Explanations

Korth Direct Mortgage LLC (NMLS 1579547)

Authorized Signer: Date:

ANNUAL INCOME 2018 2017 CURRENT YEAR TO DATE

ANNUAL EXPENSES 2018 2017 CURRENT YEAR TO DATE

Korth Direct Mortgage LLC Environmental Questionnaire

Korth Direct Mortgage LLC (NMLS ID 1579547)

This form is to be completed by the Applicant and returned to Korth Direct Mortgage LLC when

the Applicant is using loan proceeds to purchase real property or offering business property as collateral

for the loan. The Applicant may wish to retain an engineer and/or attorney to assist in the completion of

the questionnaire. All information is to be completed to the best of the Applicant’s knowledge and

belief.

1) Street Address of the Subject Property:

2) Is the property in a flood zone?

3) Is the property in a coastal zone management area?

4) Are there or has there ever been toxic, flammable, or explosive chemicals stored in the subject

property?

5) Is the subject property listed on a Historically Preservation list?

6) Legal Description of the Subject Property:

7) Name of current property owner(s)

9) Type of businesses currently operating on the subject property

Korth Direct Mortgage LLC Environmental Questionnaire

Korth Direct Mortgage LLC (NMLS ID 1579547)

11) Historic use of the property (check all that apply)

a. Dry cleaners

b. Chemical storage

c. Transportation

d. Automotive repair

e. Retail services

f. Gas station

12) Does this property now have, or will it have, underground storage tanks in use?

13) Has this property ever had underground or above ground storage tanks?

14) Does the property currently have any open environmental permits?

15) Is the owner/tenant aware of any notice of violations, or correspondence with governmental

agencies, or internal correspondence regarding the release, threat of release, or cleanup of hazardous

substances at his property?

16) Has an environmental audit of this property ever been conducted?

17) Are hazardous substances/wastes currently generated, stored, and/or handled on-site?

The undersigned hereby declares that the above statements are true and correct to the best of their

knowledge.

______________________________ _______________________________ Legal Borrower (please print or type) Property Owner (please print or type)

______________________________ _______________________________

Signature Date Signature Date

Korth Direct Mortgage LLC (NMLS 1579547)