123 Main St LLC
UnderwritingEst. Close
Mar 15, 2026
Loan Amount
$144,000
Interest Rate
8.25%
fixed
Term
30 years
Monthly Payment
$1,082
LTV
75%
DSCR
1.35
Application Timeline
Pre-Qualification
Jan 28, 2026
Application Submitted
Feb 5, 2026
Underwriting
Started Feb 20, 2026
Conditional Approval
Pending
Clear to Close
Pending
Funded
Pending
Conditions Checklist
5 of 8 completeRenovation Draw Schedule
Total Renovation Budget
$45,000
Funded to Date
$0
Remaining
$45,000
| Draw # | Milestone | Amount | Status | Inspection | Date |
|---|---|---|---|---|---|
| 1 | Demolition & Framing | $9,000 | Pending | Required | Mar 20 |
| 2 | Rough-ins (Plumbing/Electrical) | $11,250 | Pending | Required | Apr 5 |
| 3 | Drywall & Insulation | $9,000 | Pending | Required | Apr 20 |
| 4 | Finishes (Flooring/Paint/Fixtures) | $11,250 | Pending | Required | May 5 |
| 5 | Final / Punch List | $4,500 | Pending | Required | May 20 |
| Total | $45,000 | ||||
Next Draw: Draw 1 — Demolition & Framing
$9,000 · Target: Mar 20, 2026
Requirements:
- Phase inspection by lender-approved inspector
- Contractor invoice for completed milestone
Loan Documents — 123 Main St LLC
7 documentsDrop loan documents here or click to upload
PDF, XLSX, CSV, DOC up to 25MB each
Application
Signed application
PDF · 156 KB · Feb 5, 2026
Income verification
PDF · 84 KB · Feb 5, 2026
Property
Purchase agreement
PDF · 248 KB · Jan 28, 2026
Appraisal order
PDF · 42 KB · Feb 10, 2026
Insurance
Hazard insurance binder
PDF · 96 KB · Feb 12, 2026
Pending
Appraisal report
Ordered · Expected by Mar 5, 2026
Title commitment
Pending title search completion
Final approval letter
Pending underwriting completion
Lender Rate Comparison — 123 Main St LLC
3 quotes received for DSCR financing on $144,000 loan amount
First National Bank
SelectedAnchor Lending
CLT Credit Union
Rate lock expires: Mar 10, 2026 — 10 days remaining