Avatar's Blog
» How to Write an Executive Summary
Posted on 5/7/2005
Obtaining a hard money loan comes in two stages - the first step is to
fill out a two minute loan application on this website. See the home
page (above)for the link. At the bottom of the loan app is a space for
the executive summary. You will note 5 bullets are listed under the
Executive Summary. These are tips for you to use while writing the
Executive Summary about your loan request.
This is your chance to be sure you pass the first 'test' or approval process in obtaining your loan. Because Avatar fields more than 200 loan requests each week, requests that arrive with coherent, complete, and logical answers to the five questions in the Executive Summary are far more likely to receive priority attention. Make sure you answer all the questions:
Posted in Miscellaneous
This is your chance to be sure you pass the first 'test' or approval process in obtaining your loan. Because Avatar fields more than 200 loan requests each week, requests that arrive with coherent, complete, and logical answers to the five questions in the Executive Summary are far more likely to receive priority attention. Make sure you answer all the questions:
- Why are you seeking hard money vs. conventional financing?
- Is the property income-producing? If so, what is the gross & net income?
- How will you make monthly payments on this loan?
- What is your exit strategy?
- Avatar can lend 65%. The borrower must have 20% cash/equity. Where will this money come from?
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