Lender Presentation PDF and Initial Deal Analysis

Lender Presentation PDF and Initial Deal Analysis

Architect · Columbus, OH · Member since 2020 · 9 posts · 6 votes

Hi,

I've been following BiggerPockets posts and listening to podcasts about real estate for a couple months now. While I'm building capital and trying to get my architecture licensure sorted out, I've been in the resource gathering and learning phase of my real estate journey. I'd like to get some feedback and possibly open up a discussion for new investors on how to initially analyze a deal and format a PDF that I'd send to lenders. I've used the free version of the 'House Flipping Evaluator' tool and built from it to compile my PDF, based off of a template I found from theirs and other websites. 

I was curious if this looks like something a lender would take seriously or if there's any information that is pertinent for them to provide funding. I'm also curious if, at first glance, my numbers look correct. I know everyone here is insanely busy but I figured if there's a place to ask for feedback, it's here. This is based on a deal that I was actually looking at with a serious mindset. Based on the numbers, I would not have moved forward with this deal, especially since I work full-time and would need a GC to manage the project, adding additional cost. But I figure that's the beauty of this tool, it provides me with a critical mindset to be able to quickly say "Go" or "No-Go" to a real world example. Interestingly, the status of this house is now pending which was not the case when I started building out this tool, so I'm curious to see if my ARV and purchase price are near correct in the next few months but I wanted to get anyone else's take on it to see where I can improve. Best to practice before the real thing.


Thanks in advance for any feedback!

(The images are just there to provide a summary)

Deal Analysis - 2590 Sullivant Ave. Columbus, OH 43204

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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Kyle Clark

    This would only really help “sway” a lender in a hard money situation or a local community bank situation. The banks still have to do their own underwriting of analyzing income, expenses, existing leases, building conditions, etc. I think this would be best for private money or partnership situations.

    BiggerPockets calculators offer a similar style report.

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Kyle Clark

    But overall this should only help your case with a lender, but sometimes too much information will hurt you also. Looks great!

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
  • Architect · Columbus, OH · Member since 2020 · 9 posts · 6 votes
    5y

    @Marc Rice I appreciate the feedback. That's the hope is to approach HMLs with this since I'd likely be looking at shorter term loans. Do HMLs tend to require on-site inspections similar to traditional loans? I'm still trying to understand the nuances between the different types of funding.

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