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» How to Write An Executive Summary

Posted on 5/14/2005

When submitting a hard money loan package to Avatar Financial Group, an important component of that package is the Executive Summary. This 1-3 paragraph summary concerning your real estate project should contain the following:

  • Describe the property clearly. Tell where it is located, what kind of property it is, how large, condition, use, etc.
  • Financial info - what did you buy it for - or how much will you pay for the property? If there is a recent written appraisla, what is the current value? If not, what are comps in the area going for?
  • If the property is income producing, how much does it gross? What are the expenses? What is the NOI?
  • What are you asking for in terms of cash? If you are buying a property, where will the minimum 20% cash equity required ofrm you going to come from? How much will you be putting down? How long will you need the money? What is your exit strategy for the loan?
  • And finally, what else does Avatar need to know in order to make a decision about this loan?

 

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