Pre-Qualification Disclosure

A pre-qualification is not a commitment to lend. The rate and monthly payment you see upon completing the pre-qualification form is only an estimate and is subject to change during the full mortgage loan underwriting process. Builder Banc provides loans for business purposes only and does not lend for consumer or household purposes. During the underwriting process, a completed loan file with an acceptable appraisal must be provided for underwriting review before a lending decision can be made. After completing the pre-qualification form, a Builder Banc representative will contact you to discuss next steps.

All properties are subject to satisfactory Lender due diligence underwriting including but not limited to: satisfactory appraisal, environmental screening report (documenting no environmental risks), specific historical and current operating expense explanations, satisfactory credit review of the borrowing entity and Key Principals, and satisfactory review of the property’s market and submarket. Each programs have different guidelines and requirements for experience, credit and liquidity. All rates and programs may be subject to change without notification.

Please note this letter of interest serves to outline the terms of the proposed financing of the referenced transaction. This letter is merely a general proposal, and is neither a binding offer, nor a contract. Borrower understands that no such offer will be forthcoming prior to completion of appropriate due diligence and underwriting performed and/or contracted by Lender. No party shall have any legal rights or obligations with respect to the other unless and until a formal application for the potential loan is signed by both Lender and Borrower.