The Process

SBC - Process Flow Chart v5

Step 1.

The Borrower completes the Loan Submission Form online at www.birdseycapital.com..

Step 2.

Along with completing the Loan Submission Form, the Borrower uploads any applicable and/or required documentation including:  a current rent roll; the last three years and YTD property operating statements; monthly operating statements for the last 12 months (for multifamily, manufactured home communities, and self-storage properties); leases; a purchase contract (if applicable); color photos of property; 3 Bureau Credit Report; Borrower & Guarantor personal financial statements; and the latest appraisal if available.

Step 3.

Birdsey Capital Partners (“BCP”) receives an email notification of the new loan opportunity then reviews the Loan Submission data and uploaded documentation.

Step 4.

After pre-screening the loan request, BCP Underwriting will respond to the Borrower with one of the following actions:

  • The loan request can proceed to full underwriting.
  • The loan request will require further structuring.
  • The loan request does not fit within the parameters of the offered loan programs. (If this occurs, the Borrower could be given an option by the BCP Underwriting Team to assist in finding a capital provider that can provide the requested financing.)

Step 5.

BCP issues an application, provides a document checklist and requests deposits for third party reports and underwriting cost.

Step 6.

The borrower signs and returns the completed application and deposit.

Step 7.

The loan application proceeds to full underwriting.  

 

Step 1.

A representative from either Birdsey Capital Partners (“BCP”) or the targeted Capital Provider will initiate a call with the client borrower to make introductions, establish lines of communication, and go over the process and timeline.

Step 2.

Third party reports are ordered.

Step 3.

Underwriter processes and analyzes all loan documentation, reviews all received third party reports, and prepares the final underwriting and approval package.

Step 4.

Underwriter provides the final package and approval recommendation to the Capital Partner.

Step 5.

BCP communicates approval to the borrower via email and issues a Loan Commitment to the borrower.

Step 6.

The borrower returns the signed Loan Commitment.

Step 7.

BCP, in conjunction with the Capital Partner, coordinates the loan closing and loan funding.

Step 1.

Birdsey Capital Partners (“BCP”) will coordinate closing with Borrower and Capital Partner.  

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