E3 Capital Funding • Initial financing review

Thanks for the file.

Thank you for giving us the opportunity to review your transaction. The information below will help us assess the property, the sponsor and the financing request, and determine whether we can move forward.

Start with the essentials, then provide the information and documents you have available. Fields marked with an asterisk are required. Additional questions appear based on your property and financing type.

E3 Deal Review Intake

Deal
Property
Sponsor
Documents

Your deal

Thanks for the file. Please tell us about the transaction so we can determine whether it fits our financing programs. Complete the required items and provide available information for the rest.

Your full name

Company

Phone

Your role

Sponsor / owner

Developer

Broker / adviser

Other

Property or project name

Financing purpose

Transaction summary

Describe what you own or are buying, the business plan, why financing is needed, current status, and any unusual circumstances.

Loan amount requested

Purchase price or total project cost

Estimated current as-is value

Estimated completed / stabilized value

Total existing debt / expected payoff

Requested cash-out, if any

Existing loans and uses of proceeds

Identify lenders, balances, lien positions, C-PACE / mezzanine / preferred equity, payoff fees and maturities. Break down acquisition, debt payoff, construction, reserves and cash-out.

Required closing date

Requested term and structure

For example: 24-month bridge, interest only; fixed or floating.

Recourse preference

Non-recourse preferred

Recourse acceptable

Open to discussion

Repayment / exit strategy

Explain refinance, sale, unit sales or other repayment, including expected timing and assumptions.

The property

Identify the collateral, ownership, use and operating condition. Development questions appear when applicable.

Property street address or parcel IDs

City

State

Property type

Current property / project status

Owner occupied or investment property

Owner occupied

Non-owner occupied

Partially owner occupied

Vacant land / not applicable

Owner occupied means the sponsor’s own business uses the property.

Size and unit / room count

Building square feet, acres, units, hotel keys and year built.

Current owner and borrower entity

Who holds title? Name the proposed borrowing entity.

Property control

Already owned

Under purchase contract

LOI / negotiating

Other

Appraisal available

Yes

Ordered / pending

Appraisal details

Appraiser, effective date, as-is / as-complete values, and any extraordinary assumptions.

Current occupancy percentage

Current annual NOI

Operating information

Provide latest rent roll and trailing 12-month operating statement, plus prior two years if available. Identify major tenants, lease expirations, concessions, taxes, insurance, deferred maintenance and management.

Land and development

Complete only for land, construction or conversion requests.

Entitlement status

Fully entitled

Partially entitled

In process

Not entitled

Not applicable

Approvals and infrastructure in place

Zoning approved

Site plan approved

Preliminary plat approved

Final plat recorded

Building permits issued

Utilities available

Legal access confirmed

Water / sewer capacity or rights confirmed

Select only items already obtained. An approval in process is not a completed approval.

Development scope and remaining approvals

Describe permitted use and density; remaining approvals, costs and timing; infrastructure work; environmental, wetland or floodplain issues; and any conditions on approvals.

Budget and construction plan

Provide sources and uses, hard / soft costs, contingency, interest reserve, cost to complete, work completed, contractor / GMP status, construction schedule and projected completion. Identify land basis, cash invested and proposed presales / deposits separately.

Lease-up, presales and takeout

Provide pro forma, absorption assumptions, signed leases / presales, deposit restrictions, and the plan to repay the construction or land loan.

Hotel brand and performance

Brand / flag and operator; current and proposed franchise / management agreements; PIP or conversion budget; STR report; occupancy, ADR and RevPAR; and franchise termination or transfer requirements.

Condominium / condotel details

Unit list, developer inventory, ownership concentration, sold / unsold units, HOA budget and status, rental / STR rules, condo questionnaire and available unit release prices.

Owner business information

Business name, industry, operating history, share of space occupied and available financial statements.

Sponsor and capital

We review the sponsor’s experience, liquidity and ability to execute the business plan.

Lead sponsor and proposed guarantors

Ownership percentages and partners

Sponsor bio and relevant experience

Years in real estate, comparable completed projects, prior financing, current development obligations, and the management / development team.

Approximate sponsor net worth

Available unrestricted liquidity

Equity already invested

Additional cash equity to be contributed

Additional equity committed

Yes

Partially

Not applicable

Equity sources and structure

Identify sponsor cash, partner / LP capital, preferred equity, seller financing and other sources. Distinguish funded cash from expected contributions or property appreciation.

REO schedule overview

Provide a real estate owned schedule listing property, location, ownership %, value, debt, annual NOI / cash flow, lender and maturity. Include guarantees and contingent liabilities.

Material credit, legal or default issues

None known

Yes – explain

Prefer to discuss

Include bankruptcies, foreclosures, defaults, liens, judgments or material pending litigation involving the sponsor, borrower or property.

Explanation and resolution status

Give dates, affected parties, current status and the plan to resolve any issue.

Documents and next steps

Provide what is available now. If an item is unavailable, identify it below; we can still review the initial request.

Documents available for review

Transaction summary / executive overview

Sponsor PFS and bio

REO schedule

Appraisal or valuation support

Rent roll / T12 / historical financials

Sources and uses / budget / pro forma

Purchase contract or current loan / payoff statements

Site plans / zoning / entitlement approvals

Entity ownership chart

Hotel / condo / business-specific documents

PFS means personal financial statement. Please provide a recent, dated PFS for the sponsor and each proposed guarantor.

Document room or file-sharing link

Use a restricted link and grant access to ed@e3capitalfunding.net. If you do not have a document room, email Ed to coordinate delivery. Do not include passwords here.

Missing documents and expected delivery dates

Other lenders, constraints and deal concerns

List lenders already approached and feedback; broker / exclusivity arrangements; rate or fee expectations; contractual deadlines, maturity / foreclosure pressure; title, environmental, tax, insurance or other known issues.

I am authorized to provide this information and believe it is accurate to the best of my knowledge. I understand this is an initial financing review and does not constitute a loan approval or commitment. I have reviewed E3’s Privacy Policy and Financing Disclosure.

For personal financial statements and supporting records, please use a restricted document-room link and grant access to ed@e3capitalfunding.net, or contact Ed to coordinate delivery. Please redact Social Security numbers and bank account numbers.

Edward J. Rakowski
President • E3 Capital Funding, LLC
ed@e3capitalfunding.net · e3capitalfunding.com