Apartment Capital Group Express Loan Application Form Borrower Information Company Borrowing or Entity Name Contact First Name Contact Last Name Company Address Company City, State, Zip ,       Bus. Phone    ext: Bus. Fax    Email (required) Best time to call Select... Morning Afternoon Evening Preferred method of contact Email   Phone Property Information Property Name (if any) Property Address Property City, State, Zip ,       Property Type Select... Duplex 4_Family 5+ Garden_Style Apartment High_Rise Mixed_Use Apartment Year Built Current Occupancy % % Affordable Housing (Section 8, Tax Credit, Income Limit) Yes    No    Some If Yes, what program Number of Buildings Number of Units Unit Mix: Studio: One Bedroom: Two Bedroom: Three Bedroom: Other: Square Footage (enter numbers only - do not use commas): Studio: One Bedroom: Two Bedroom: Three Bedroom: Other: Lot Size Acres Do you have an appraisal Yes    No If yes, what year was the appraisal performed Value of Appraisal $ Do you have an environmental report Yes    No If yes, what year was the environmental report performed When did you purchase the property What was the purchase price $ Was the property originally built as apartments Yes    No How would you rate the condition of the property Select... Excellent Good Needs Some Work Needs Significant Work Can you think of any deferred maintenance? Is the property serviced by city sewer and water Yes    No Does the property contain aluminum branch electrical wiring? Yes    No    Don't Know Are tenants on annual leases, month-to-month leases, or both? Annual    Month to Month    Both Are there any furnished units Yes    No Would the property be considered student oriented Yes    No How is the property managed? Self-Managed Management Company Resident Manager Are you aware of any facility within ¼ mile that generates or handles materials that may be considered toxic or hazardous: e.g. dry cleaners, service stations, oil change facilities, etc. Operating Data 2001 Current Year Forecast Annual Gross Rental Income (actual) $ $ Other Income (Laundry, Vending, etc) $ $ Annual Operating Expenses (do not include debt service or depreciation) $ $ Loan Information Loan Purpose Aquisition    Refinance Loan Amount Desired $ Purchase Price or Estimated Property Value $ Loan Type Desired Fixed Rate    Adjustable Rate Desired Loan Term in Years Select... 1 3 5 7 10 15 20 25 30 Other Loan Amortization in Years Select... 1 3 5 7 10 15 20 25 30 Other Preferred Loan Features: 1st Priority: Select... Low Interest Rate Maximum Loan to Value Non-recourse Fast Closing Low Costs Minimal or No Prepayment Penalties or Lock-outs 2nd Priority: Select... Low Interest Rate Maximum Loan to Value Non-recourse Fast Closing Low Costs Minimal or No Prepayment Penalties or Lock-outs 3rd Priority: Select... Low Interest Rate Maximum Loan to Value Non-recourse Fast Closing Low Costs Minimal or No Prepayment Penalties or Lock-outs When do you plan to acquire/refinance? Select... Now Within 3 months Within 6 months Within 12 months If acquisition, is purchase agreement fully executed Yes    No Other considerations or circumstances First Mortgage Balance (if any) $ First Mortgage Interest Rate (if any) % Payable to: Second Mortgage Balance $ Second Mortgage Interest Rate % Payable To: Are there any other Liens or Interests in the property Do any existing mortgages have prepayment penalties? If so, describe Where did you first hear about Apartment Capital Group Select... Crain's Detroit News / Free Press Michigan Commercial Magazine Michigan Real Estate Journal Other Print Advertisement Web Site Direct Mail Personal Referral Word of Mouth Other Comments or questions