PRIVATE MONEY LENDING CRITERIA
NATIONWIDE LENDER & OUTSIDE THE UNITED STATES

LOANS FROM $100,000 TO $5,000,000

1. Call SUNDANCE to discuss your loan request !
2. Assembling and Submitting a Pre-package for Approval
   1. COLOR PHOTOGRAPHS of 1) The Property, 2) Street Scenes, 3) The Neighborhood. 35 mm film or Digital with 10 - 15 color shots. We will not look at a package without color photos of the property and surrounding area (NO POLAROID PHOTOS MUST BE ABLE TO BE E-MAILED).
   2. Location maps: local and regional.
   3. 1-2 page Loan Request Summary; 1003 Loan Application; Financial Statement; 3 years' Tax Returns; pertinent property and borrower information [list positives and negatives].
   4. DO NOT FAX THIS INFORMATION TO US UNLESS YOU ARE E-MAILING THE PHOTOS. We must have COLOR PHOTOS. Ship overnight delivery, at your expense, for a quicker response. All the above must be included for immediate review of your package.
   5. Complete packages will be reviewed and an expression of interest given usually within 48 hours after receipt of above items.
3. Assembling a Completed Package (after expression of interest by SUNDANCE)
   1. A Fee and Placement Agreement (along with initial Condition[s] Addendum) is issued by SUNDANCE for borrower's signature prior to loan processing.
   2. Upon return of signed Fee and Placement Agreement, loan processing begins by SUNDANCE ordering appraisal and preliminary title report (Borrower pays appraiser directly).
   3. Borrower uses the initial Conditions(s) Addendum as a checklist to assist in making sure that all the items needed by SUNDANCE to process the loan are received without delay or confusion. During processing, additional items/conditions may be required for Final Approval.
   4. If the Borrower is a corporation or partnership, obtain financial statements, tax returns and a list of contingent liabilities (outstanding guarantees, federal/stat taxes due, or any material lawsuits) along with corporate papers or partnership agreement.
4. Financial Considerations
   1. Borrowing entity must be able to service the debt, verified by tax returns, bank statements [deposits] and/or personal Guarantors.
   2. Owner carry back, equity seconds, and/or subordinate liens are acceptable as long as borrower has a reasonable risk of loss if default occurs (i.e. no 100% financing).
   3. Borrower must have some significant financial risk.

Download and printout the Pre-Submission Sheet (SUNDANCE format)