(required to initiate loan processing and order of
appraisal)
If Loan doesn't close, a statement of expenses will be produced, and only the
remaining balance will be returned.
MINIMUM BORROWER'S LIQUIDITY REQUIRED (Estimated)
Cash to close (Down payment + closing costs)
10% of Construction Budget
$
6 months payment reserves
$
Construction budget delta
$
Total
$
GUARANTOR SIGNATURE:
___________________________
GUARANTOR NAME:
___________________________
DATE:
___________________________
"PLEASE EXECUTE THIS LETTER OF INTENT AND RETURN TO REINVESTAR
CAPITAL GROUP SHOULD YOU WISH TO PROCEED Offer will expire
within five (5) business days of the issued date."