PLEASE PRINT OUT THIS PAGE, COMPLETE 
THE SIMPLE PRELIMINARY LOAN APPLICATION 
AND FAX OR MAIL IT TO US  AS SOON AS POSSIBLE

Dear Sir or Madam,
   Thank you for applying to Barclay Associates for your financing needs. In order to proceed, we will need the answers to the following preliminary questions which are included on this page.  We are sorry, but we cannot answer any questions about any proposed loan, loan terms or loan program until you return the preliminary application. .The questions in the application shown below will only take a short time to complete but are very important to begin the loan process.

   We want to do business with you, but if you are a principal who is purchasing real estate or a business ...... please DO NOT send in a completed application unless you have either A WRITTEN ACCEPTANCE OF YOUR OFFER FROM THE SELLER or a strong verbal agreement from the seller. In this case, the seller must be close to signing an acceptance of your offer. We cannot begin to process a loan application that does not meet these conditions.
   Also, on every INCOME PROPERTY based loan a MINIMUM DOWN PAYMENT of at least 10% of the loan amount is required by lenders.
        

*********** FILLING OUT THE APPLICATION *********

We will have to reject any application that is:
1. Not printed legibly. Remember the application  will be read by several individuals during the loan approval process.
2. Not filled in completely. All required items MUST BE completed. Give as much detail as you feel you will need to make your loan request more appealing to a lender. PLEASE CONTACT US BY E-MAIL AT ANY TIME if you have questions about filling in the loan application. Give us your phone number in the e-mail.  We will either call you or reply by e-mail.
3. Answer all questions TRUTHFULLY with accurate data and financial figures. If you do not have accurate data in hand then hold the application until you have the correct data.

If your information is complete and legible we can issue a letter of intent or term sheet in a short period of time.
== IMPORTANT== Before filling out the application, please check out our current MINIMUM LOAN AMOUNT shown at the bottom of every web page on our website.

PLEASE REPLY AS SOON AS POSSIBLE.

  For INCOME PROPERTY LOANS ONLY
(except apartment building or land loans)

PLEASE PRINT OUT THIS PAGE, COMPLETE THE SIMPLE PRELIMINARY LOAN APPLICATION BELOW AND FAX OR MAIL IT TO US  AS SOON AS POSSIBLE
If more than one property is involved, please copy this form and submit one completed form for each
IT IS EXTREMELY IMPORTANT TO ANSWER ALL QUESTIONS, FILL IN THIS APPLICATION COMPLETELY AND TO SUBMIT YOUR CREDIT SCORES. 

IMPORTANT - If you are a broker, do not answer the questions below, but please proceed immediately to our website broker pages at Broker Information Pages for more information about our broker referral fee program. If the conditions are agreeable to you, please e-mail us and ask for a "Broker Referral Form."  If you are a principal (borrower) and are not a broker, please answer ALL of the questions below


VERY IMPORTANT -- IF THIS IS A PURCHASE, Please DO NOT submit this application until you have a written acceptance from the Seller

Date:


YOUR CONTACT INFORMATION:

Name:
Co.(If any):

Phone #:                                    Cell# ;                                 Fax #:
Your City/ State/ Zip
Property Address:

Your E-mail (VERY Important):


= Loan amount requested: $ Type of Property/Financing:
= Description of property:

 


= Occupancy             %  If owner occupied, what % is owner occupied?              %
= If property is a mobile home park-what percentage of the units are owned by the park?
= If the property is under contract, when does the contract expire?
= Is the seller willing to hold a 2nd lien position on the property?  (Y/N) 

= If so, what percentage of loan amount?:       %
= Is this a refinance or purchase?:
IF A PURCHASE: (Ignore if a refinance)
= Have you made an offer for the property? (Y/N)
= If you have made an offer, has the offer been accepted?
= What is the purchase price of the property(s)? $
= Will the seller hold (take back) a seller 2nd position lien?
= How much of your own cash do you, the borrower, have to invest (Down payment + transaction costs) $
= If borrower wishes to take Cash-Out, explain what for?:
= What are the balances of any mortgages?

 


= What is the current interest rate you are paying on current existing debt? %
IF A REFINANCE: (Ignore if a purchase)
= What are the balances of any mortgages?
= How do you intend to use the loan proceeds?


= What is the current interest rate you are paying on current existing debt? %
= Date property was purchased:                            Price paid $

= Your cash in (down payment)  $                                      Original mortgage $

INCOME AND EXPENSE:
= So far this year Gross Income $                           Expenses $                          Net Profit (N.O.I.) $


= Last full year Gross Income $                           Expenses $                        Net Profit (N.O.I.) $


= Year before last full year Gross Income $                            Expenses $                         Net Profit (N.O.I.) $

IIMPORTANT - when totaling expenses to arrive at N.O.I. please allow 5% of gross income for maintenance, 5% of gross income for management and 5% of gross income as a vacancy factor if building has greater than 95% occupancy. DO NOT include interest payments as an expense when calculating N.O.I. Please remember include all expenses (insurance, taxes, waste collection etc.) so that you will arrive at an accurate Net Operating Income.

OTHER QUESTIONS:
= Do you have an appraisal? If you do, what is the year appraised and the amount?


= f there is not an appraisal, what is your best estimate of the current value of the property as is?  $
How many years experience do you have with income properties or land development?


= Describe the rate and terms that you are looking for in your loan request.

= Further describe your experience with income properties, or your general business experience

 




= If you have a RECENT FICO credit score, what is it?                 If you do not know your recent score,  see below.

HOW TO PULL YOUR OWN CREDIT REPORT AND SCORE   We cannot proceed without your credit score.  For a moderate sum it is very simple to pull your own credit online at MYFICO.COM Drawing your own credit does NOT penalize or reduce your overall score. If you decide to draw your credit online, please send us only the THREE SHEETS that show your CREDIT SCORE DO NOT SEND THE ENTIRE REPORT. Each of the three credit reporting agencies Experian, Equifax and Trans Union will send you a score sheet. If you have not drawn or seen your credit report and scores for some time it is a good idea to get the report(s) since they may contain errors which you can correct and thus raise your score(s).
 

= Are you employed? ("Employed" does not include self-employed). This fact is needed
to determine qualification for a conventional or "stated" loan) (Y/N):


= DESCRIBE OTHER DETAILS WHICH YOU FEEL WILL BE IMPORTANT IN EVALUATING YOUR
LOAN REQUEST (Use an extra sheet if needed)

 

 

 

 


 








How to Contact Us
E-mail: barclay@netcarrier.com
Send us an E-mail with some details of your financing request. It is important to send your: Full name, PHONE NUMBER and a paragraph or two describing your financing needs. Please DO NOT forget to include your PHONE NUMBER.
Phone: 856-278-6103
Alternate Phone: 856-429-4951
Fax: 844-328-4827
Call us anytime 24/7. We are available for one-on-one discussion up to 11 PM Eastern Time and on weekends.

BARCLAY ASSOCIATES - Cherry Hill NJ
MINIMUM LOAN AMOUNTS

  • INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS- (apartment and office building loans, self storage units, mobile home park financing, strip centers etc. (Not raw land/land developer loans) - $300,000 minimum loan amount. ($375,000 minimum if referred by broker.) Multi-family (apartment buildings) must be 7 units or more.
  • RAW LAND LOANS OR LAND DEVELOPMENT LOANS $600,000 minimum loan amount($750,000 minimum if referred by broker).
  • SBA LOANS-$300,000 minimum loan amount. ($350,000 minimum if referred by broker).
  • OTHER SMALL BUSINESS LOANS (NON SBA)- $300,000 minimum loan amount ($375,000 minimum if referred by broker).
  • FACTORING AND ASSET BASED FINANCING These are business loans using accounts receivable, inventory, equipment & real estate as collateral- $600,000 minimum loan amount($700,000 if referred by broker).
  • OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.
Copyright 1997-2016 JS Inc./Barclay Associates-All Rights Reserved
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BROKERS and other intermediaries- WE WELCOME BROKERS. It is EXTREMELY IMPORTANT that you [CLICK HERE] to obtain full information about our referral fee program and our referral fee rates to brokers.
WHAT WE DO NOT DO:
  • We DO NOT finance residential properties-only commercial.

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FINANCING FOR:
[Apartment buildings] [Office buildings] [Industrial buildings]
[Real Estate Developers] [Healthcare facilities] [Shopping Centers]
[Mini storage facilities] [Mobile home parks] [Hard Money Loans]
[Raw land loans] [SBA Mortgage Loans] [Equipment Leasing]
[Real Estate Development Loans]

Copyright 1997-2016 JS Inc./Barclay Associates-All Rights Reserved
Page copy protected against web site content infringement by Copyscape