100% CLTV Program 

THIS IS A LANDLORD'S MARKET

PhoneOps 100% CLTV Program is a 

FINALLY, A PROGRAM THAT BRINGS SELLERS & BUYERS TOGETHER TO GET MORE APARTMENT BUILDINGS SOLD!

100% CLTV Program:

CLTV means Combined Loan to Value. Using this program, the Lender will do a 1^st lien up to an LTV percentage, the Seller will do a 2^nd lien up to an LTV percentage and if anything is left, the Borrower would pay the rest as a down payment. If nothing is left, the Borrower would get 100% financing plus closing cost.

There are many different CLTV Splits: 

80% Lender

10% Seller

10% down for Borrower

= 100% CLTV

70% Lender

30% Seller

0% down for Borrower

= 100% CLTV

75% Lender

15% Seller

10% down for Borrower

= 100% CLTV

65% Lender

35% Seller

0% down for Borrower

= 100% CLTV

65% Lender

25% Seller

10% down for Borrower

= 100% CLTV

60% Lender

40% Seller

0% down for Borrower

= 100% CLTV

Properties Allowed:

Apartment Buildings

Mix-Use Properties

Multi-Family Package Deals

Properties Not Allowed: 

Raw Land

Owner Occupied Properties

Properties that need extreme repair

Guidelines:

* MIN FICO: 350 & up

* Loan amount: $100K to $100M

* Rate: 9.5% to 17% - Depends on credit

* 1yr – Interest Only

* An Appraisal will be needed

* Close within 5 days 

Minimum Requirements:

* A Social Security card

* Application Fee $395 WAIVED

* Must have a Checking Account

* A valid Driver’s License or State ID

* A Tri-Merge Credit Report fee of $45

* Must be able to show proof of closing cost

Presented to you by: Peter Tawfik

Commercial Loan Officer

peterwithphoneops@gmail.com

(315) 898-6549

First Name & Last Name:

Contact Number:

Email Address:

Full address including city, state, zip & county:

How long have you lived at this address?

Address Type:

Own

Rent

Are you a US Citizen?

No

Yes

Marital Status:

Married

Unmarried

Separated

Divorced

Date of Birth:

Social Security Number: (We must pull your credit)

Estimated Credit Score:

Borrower Ethnicity:

Hispanic or Latino

Not Hispanic or Latino

Borrower Race:

Number of years you completed school including college:

Number of dependents:

Ages of all dependents:

Loan Amount Needed:

Current Sale's Price:

Property Type:

Property on the CLTV website I found a different property No property yet, just want see what I qualify for

Full address of the property including City, State & Zip and Landlord information if property isn't on the CLTV website, (If none, put N/A)

How will you hold title?

In my personal name

In an LLC

In a Partnership

In a Corporation

Employment Status:

Employed - W2

Employed - 1099

Business Owner

Don't work

Full Name of Employer or Business Name:

Full address including City, State & Zip:

Contact number:

Job Title:

Start Date:

Monthly income:

How many properties do you currently own? (If none, put N/A)

This program will be Interest Only. Do you understand?

No

Yes

The purpose of this program is to get an income producing property in your name with no money down, just pay closing cost; it’s not designed for a long-term loan. You get in, the property is in your name then come back to us to refinance for a lower rate and longer term while paying off both 1st lien and Seller 2nd (2nd lien). Do you understand?

Yes I understand, let's proceed

Term needed:

3mos

3mos to 6mos

6mos to 1yr

1yr

1yr to 2yrs (if Seller agrees)

You will have to pay your Closing Cost and it can range anywhere from $12k to $400k+ depending on the loan amount. Do you understand?

No, disregard my application

Yes, I have the funds for my closing cost

Max LTV through PhoneOps is 65%-70% so the Seller will have to cover the remaining 30% - 35%. If Seller isn't willing to cover the remaining LTV, you will be required to put the rest down. Do you understand?

No, disregard my application

I understand but max I can do is 5% plus my closing cost

I understand but max I can do is 10% plus my closing cost

I understand but max I can do is 15% plus my closing cost

Do you agree to work with our Assigned Real Estate Agent?

Yes, I agree. Please proceed

INCOME SECTION: Put the total amount of Monthly Income for each of the following: Salary:

Net Investment income:

Real Estate income:

All other income: (describe in detail)

ASSETS SECTION: Put the Total Amount of all Assets for each of the following: Stocks & Bonds

Cash on hand and in all Roth, IRA, 401k, savings & checking accounts:

Real Estate, Automobiles & personal property:

Life Insurance - Cash Surrender value & all other assets:

LIABILITIES SECTION: Put the Total Amount of all Liabilities paid for each of the following: Accounts Payable:

Notes payable to Banks & others:

Installment accounts (auto, credit card, etc)

Loan(s) against Life Insurance:

Mortgages on Real Estate:

Unpaid taxes & all other Liabilities:

Total Liabilities: (Total all liabilities on this page and put the amount here)

Assets: (Total all assets on previous page and put the amount here)

Networth: (Subtract the liabilities total from the Assets total and put the amount here)

CONTINGENT LIABILITIES SECTION: Put the Total Amount of all Contingent Liabilities for each of the following: Endorser or Co-Maker:

Legal Claims & Judgments:

Provisions for Federal Income Tax:

All other special debt:

There will be a one-time Tri-Merge Credit Report fee of $45 & you’ll be re-directed to the site to pay after completion of this application. PhoneOps has to pull your credit to see what you qualify for. Do you understand?

No, Disregard my Application

Yes, I will pay $45 after completing this application

NOTE: If your credit is locked, you must unlock your credit from all 3 Credit Bureaus after you pay your invoice & keep it unlocked until we pull your credit to avoid paying another Invoice Fee of $45. Do you understand?

No, Disregard my Application

Yes, all 3 Credit Scores are Unlocked. PhoneOps may pull my Credit

My assigned Commercial Loan Officer is:

Peter Tawfik

This completes the Application. Please Rate your opinion:

1-Too long

2-It was fine. Not too long

3-Anxious in getting Pre-Approved

4-Excited, Lets get the 3-Step Process complete!

Checking this box means you agree to our terms which are: 1. You agree that we must pull your credit. 2. You agree that your credit is unlocked. 3. You agree and understand that the $45 fee is non-refundable.

Yes, I agree and understand. Please proceed!

6 + 2 =