Klinkloans Fund – Mortgage Broker Submissions 

Thank you for your interest in submitting a loan to Klinkloans Fund for a private money loan!

Licensed Mortgage Brokers can submit deals to us for funding and can charge borrowers an origination fee typically up to 1% of the loan amount.

We will co-broker the deal and charge a $1,000 origination fee payable to Stewardship Mortgage. The settlement statement and loan amount will reflect both origination fees that are being charged to the borrower.

Items we require (please note that additional information or documentation MAY be required):

• Copy of a fully signed loan application (we provide and send the loan application to be signed, via docusign. We will need you to send us all personally identifying information for all borrowers – such as name, address, SSN, DOB, as well as project information. This can be submitted via email, sending us a 1003, or filling our a loan intake form here).
• Pictures of the property (interior and exterior) if recent pictures not available online
• A copy of the purchase contract, addenda, and assignments (if applicable)
• A title report / commitment for title insurance on the property
• A signed copy of the Private Investor Disclosure (we will provide)
• A signed mortgage broker fee agreement between broker (you) and borrower, disclosing the fee that you will be charging.
• A full credit report that has been pulled within 90 days of the loan’s anticipated closing date (only require 1 updated report per year)
• Scope of work for rehab / construction budget
• Evidence of insurance for the property. The insurance mortgagee clause needs to read:

• Klinkloans Fund LLC, ISAOA

℅ Stewardship Mortgage

11201 N. Tatum Blvd. Ste. 300

PMB 85647

Phoenix, AZ 85028-6039

• A copy of all borrower’s driver’s license(s) (*first transaction only)
• 3-4 examples of borrower’s prior real estate investing experience (if applicable) (*first transaction only)
• Emergency contact information for borrower (name, phone number, and email address for spouse, if applicable, or other contact if not married) (*first transaction only)
• IF borrower is an entity, we will need to see an operating agreement, articles of organization, and/or documentation showing that you have the authority to sign on behalf of that entity. Otherwise all members of that entity will be expected to sign. (*first transaction only)

Requirements on all of our loans:

• We typically do not allow 2nd liens / jr liens to be recorded on top of our 1st lien.
• A personal guaranty is required by all borrowers and their spouse. Additionally, a corporate guaranty is required if the loan is in the name of an entity. Corporate guaranty is also required by all parent companies of that entity (if applicable).
• Payments will be auto debited from the borrower’s account via ACH, and it MUST come from a business bank account
• Payments are ACH auto debited. The payments MUST come from a business bank account and is due on the first business day of every month.
• The project must always stay below 75% as is the LTV at sole discretion of the lender