Get The Business Purpose Loan App
Get The Business Purpose Loan App
Better than a template and created by a lawyer. Try this legal app. Our Business Purpose Loan app is for creating business purpose real estate loan documents. It is your responsibility to determine if it is lawful under licensing and other laws to make or broker this loan in any given state. It is also your responsibility to determine if you need a license to make or broker this loan in any given state.
Features:
- 50 states
- 1 or 2 borrowers
- 1 or 2 properties in same county, residential or commercial
- 1st, 2nd, 3rd or 4th lien priority for each property
- Borrowers can be natural persons, entities, trusts or any combination
- Full signature blocks
- Full closing instructions
- Can be used by broker or lender, CFL, DRE, CRMLA, state licensed or exempt
- Referral fee and co-broker options
- Up to 4 guarantors
- Fixed or adjustable rate provisions
- Default rate option
- Rebalance option
- Impounds option
- Extension option with choice of conditions
- Line of credit option
- Mortgage Loan Disclosure Statement for every state
- CFL disclosure for CFL lenders
- Comprehensive loan agreement
- Comprehensive guaranty
- Comprehensive environmental indemnity for commercial loans
- Holdback option
- DSCR option
- Capital reserve option
- Debt service reserve option
- Interest reserve option
- Guaranteed interest option
- Prepayment penalty option
- Amortized or interest only
- Business purpose certificate
- Non-owner occupancy declaration
- Choice of title endorsements
- Ability to add custom clauses or addenda to closing instructions, note, security instrument and loan agreement
- Up to 6 payoffs
- Many, many varieties of lender and broker fees
- Cannabis clauses
- PACE and HERO clauses
- Multi-lender or single lender friendly
- Comprehensive entity consent, LLC, GP, Corp.
- Certification of trust for trust borrowers
- Non-Borrower Security Instrument Signer
Pricing
$399
Jurisdictions Covered
- Massachusetts
- New Jersey
- Wisconsin
- Michigan
- Vermont
- Indiana
- Florida
- Tennessee
- UK
- Worldwide
- Wyoming
- Minnesota
- Virginia
- USA - Federal
- Missouri
- Louisiana
- Illinois
- Sweden
- USA - All States
- Canada
- Utah
- Texas
- New York
- Colorado
- California
Who is this app for?
No items found.
Languages
English
.svg)
Created by
Dennis H. Doss
Manager
Dennis H. Doss is the owner and founder of Doss Law, LLP. Licensed as an attorney since 1978, Dennis represents private and hard money lenders and carryback sellers in Orange County and throughout California. He counts many of the top private or hard money mortgage lenders as his clients.
Christopher J. Donovan
Partner
Christopher J. Donovan, under the tutelage of Dennis H. Doss, has become highly skilled in mortgage finance law. Chris is a driven, meticulous and reliable attorney with transactional legal experience in real estate, mortgage lending and securities while working with a wide variety of institutional, professional and individual clients.
App Updates
Version
1.0
Current
This is the initial version of the application.
Languages
English
Are you an attorney? Contact us to use this app as a template for your firm