Term sheet date
Borrower & Property
Property Numbers
$
$
$
Loan Terms
%
%
$
$
$

Leverage & LTV / LTC Controls
Max LTV (% of ARV)
%
Max LTC (% of total cost)
%
Purchase leverage
%
Rehab leverage
%
Reserve Options
Finance interest reserves Roll interest into the loan — nothing extra out of pocket at closing
Require reserves shown in bank account Borrower shows funds exist — not spent at closing
Collect reserves at closing Borrower pays this amount at the closing table
Loan Amount
Monthly Payment
Total Fees
Limiting Factor
Borrower & Property
Borrower
Program
Address
Purpose
Closing Date
Loan Terms & Numbers
Purchase Price
ARV
Rehab Budget
Total Project Cost
Interest Rate
Origination Fee
Loan Term
Max LTV
Max LTC
Purchase Leverage
Rehab Leverage
UW Fee
Credit Report Fee
Cash Due at Closing
Enter property numbers to calculate
Limiting constraint
Purchase Price
Rehab Budget
Total Project Cost
Loan Amount (Purchase)
Loan Amount (Rehab)
Origination Fee
Underwriting Fee
Credit Report Fee
Other Closing Costs
Cash Due at Closing
How this is calculated Cash to close = Purchase Price + Fees − Loan Amount. The loan is capped by the lowest of: purchase leverage, Max LTV × ARV, and Max LTC × total project cost.
Loan Document Checklist
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