Preliminary Submission:
Please provide a brief executive summary which includes the following initial information to ensure quick consideration by Sterling Commercial Capital of the loan submission.

• describe the transaction, (acquisition, refinance, debt buy-down, etc.)
• loan amount requested
• loan-to-value (LTV) proposed
• loan term preferred
• equity available
• identity of the borrower (entity, individual, owner-occupant, etc.)
• personal financial statement (or net worth estimate)
• personal credit score
• property type
• building and property size in square feet and acres
• property location
• age of building(s)
• initial or present cost
• additional capital investments over time, if any
• trailing 12 months profit & loss
• color photos interior and exterior of the building(s)
• where applicable, the "Story"

Borrowers: Information on the borrowers, experience, present portfolio, and credit history.

Sources and Uses of Funds: Detail the sources of funds, and list of where the funds, including the proposed loan, will be applied.

Equity: Detail the source(s) and amount of equity to be provided by the borrower.

Rent Roll: If occupied, and as applicable, current rent roll, showing each tenant, lease start and end dates, square feet occupied by each tenant, square feet vacant, rent per month, per year and per sf, gross or net, CAM pass-throughs and escalations, etc. Also show vacancies for 100% of building's square feet. For multifamily, show occupied and vacant units with 100% unit count.

P&L: Last full year profit and loss statement, and year-to-date profit and loss statements. For hotels, also provide 12 months of rolling revenue, ADR and % occupancy. Submit Proforma budgets on projects under conversion or renovation.

Default: Describe any default, bankruptcy, DIP, note buy-down, or other unusual circumstances.

Location: Provide a locator map and site plan.

Appraisal, Environmental and Engineering Reports: Although not required with the preliminary submission, if they are available, please include only the opinion or conclusion page(s).

Photos: Necessary.

Broker's Fee: Brokers should establish a separate fee agreement with the Borrower and STERLING COMMERCIAL CAPITAL will protect the broker's fee.