Apartment Complex Form

Apartment Complex

Step #2 [ Data Input ] : Please complete as much of the information requested below as possible. We have multiple properties to review and if your data is incomplete, we cannot make the necessary judgements and decisions, so we'll have to send you back for the required date before we can continue.

Your Information

Your First Name:
Your Last Name:
Your Phone:
Your Alt Phone:
Your Fax Number:
Your E-mail:


Property Information

Property Address:
City:
State/Province:
OR Other State/Province:
Zip/Postal Code:
County:
Est. Market Value (ARV)	For an apartment complex, this is determined by the capitalization rate (Cap Rate). The projected cap rate is determined by subtracting the projected expenses from the projected income, excluding mortgage payment. Use a 10% vacancy and a 5% reserve of gross income and include with expenses. This is how you arrive at the projected net operating income. Now divide this number by the asking price to get a projected cap parade. Your answer should be between 5% and 15%. We may change the cap rate by offering less than the asking price.
How Determined:
Asking Price:
Asking Per Unit:	A realtor familiar with apartment rentals can give you this number based on the quality of the project. You don't need comps now, but they will be required during the due diligence period.
Motivation:

Any Required Repairs?:	No Yes If yes, how much? Repairs - We know you cannot give us an exact repair number but we must get an idea of based on what you see. Don't forget things like roofs, driveways, landscaping, HVAC, etc. Give it your best guess and get help if you need it. If we like the project you can submit a list of repairs when requested (NOT NOW) and we can get a good idea from that and confirm during our due diligence.
Is Property Listed?:	No Yes If yes, Days on Market?

Realtor's Name
Realtor's Phone:
Realtor's Cell:
Realtor's Fax:

If FSBO, Owner's Name:
FSBO Phone:
FSBO Cell:

Type of Area:	Low Income Medium Income High Income
Number of Apartments
Percentage Occupied:	%
Current Annual Income:	This number is usually furnished if the property is listed. Ask for a pro forma financial projection showing future income.
Current Annual Expenses:	The realtor or the seller should be able to provide a pro forma financial projection with an estimate of expenses, assuming the building is fully occupied.
Current Net Operating Income:	The selling agent or owner will provide these figures.
Projected Annual Income:	The selling agent or owner will provide these figures.
Projected Annual Expenses:	Project your expenses - The realtor or the seller should be able to provide a pro forma financial projection with an estimate of expenses, assuming the building is fully occupied.
Projected NOI (excluding mortgage):	Subtract the projected annual expenses from the projected annual revenue to get a projected net operating income. Exclude principal and interest payments.


Seperate meters?:	Electric No Yes
	Gas No Yes
	Water No Yes
Individual Owned Information Needed

In Foreclosure?:	No Yes If yes, Sale Date?
Bankruptcy filed?:	No Yes If yes, Type?
Seller Financing Avail?:	No Yes
OR
All Cash Required?:	No Yes

Mortgage	Balance	Monthly Payment	Delinquent	Amount in Arrears
1st			Yes No
2nd			Yes No
3rd			Yes No



Explain your proposed exit strategy for this property
Exit Strategy:

Additional Comments: