MoFi Fill the Gap Application

Welcome to the MoFi Fill the Gap Loan Application!

MoFi has created a fund to help banks offer 80% LTVs on owner-occupied CRE projects. Through this fund, MoFi is offering subordinated loans that fill the gap between the bank’s LTV and 80% - at a bank interest rate!

The funds highlights:
✓ It helps the bank say ‘yes’ to 80% LTVs
✓ It’s fast – we just need your approval and our subordinated loan is approved instantly. We can close within 48 hours of receiving the bank’s approval.
✓ It’s at a bank interest rate
✓ The bank can take out or the borrower can repay the MoFi portion whenever with no prepayment penalties

The details:
Project Type: Commercial Real Estate financing
At least 51% owner occupied
MoFi Max loan Size: $1.5 million
MoFi Interest Rate: 7.0% - 8.00% Depending on Bank Rate
Debt Service Coverage: Must be Within Bank Policy
Max LTV: 80%
Collateral: Subordinated Lien on the CRE
Amortization and Maturity: Match Bank Terms
Fee: 1% Origination
Approval: MoFi relies solely on bank underwriting; there is no additional underwriting; it’s instant approval at MoFi
Docs required from bank: Bank write-up, Bank approval, Drivers License copies for all owners at 20% ownership or higher, first two pages of federal taxes for all borrowers over 20% for year preceding loan year that includes the borrower’s AGI, SSN, and number of household members, first page of business taxes (if existing business) showing EIN

Questions? Call MoFi at (406) 728-9234 and ask for Abigail (x252)

Email is AbigailH@mofi.org

We are ready to help!

Instructions

Saving your form: If you are unable to complete this form in one sitting there is an option to save your progress. After you select "Save my Progress", you will be asked to enter an email and password. To resume the form you will need to click the link in the email that you are sent and enter the password.

Name of the Bank Lender

Name of Person Completing this Form

Name and Contact Information for Title Company used by the Bank

Attestation of Credit Elsewhere:

Based on the bank's lending standards and approval, this additional credit was not available to the borrower based on LTV/DSC

Questions? Call MoFi at (406) 728-9234 and ask for Abigail (x252)

Email is AbigailH@mofi.org

We are ready to help!

Information about the Business Being Financed

Business Legal Name	Business Representative Name
Street Address	Business Representative Title
City State Zip County Phone Number Business Email Address Full Address (Street, City, State, and Zip) of the Project (if different from Business Address above) How much money is needed from MoFi? $	Number of Jobs that the business is expected to create Number of Current FTEs Business NAICS Code Business Legal Type Business EIN Number Year Business Opened Business Gross Annual Revenue (most recent year taxes) Attestation of No Prior Bankruptcy: Neither the business borrower nor any of the owners owning 20% or more of the business have ever filed for bankruptcy.

Questions? Call MoFi at (406) 728-9234 and ask for Abigail (x252)

Email is AbigailH@mofi.org

We are ready to help!

Information on Business Owners with 20% or More Ownership

How many business owners have 20% ownership or greater?

Owner #1

First Name	Title
Last Name Street Address City State Please enter 2 character abbreviation. For example, "ID" or "MT" Zip	Percent Ownership (enter a Number 0-100) Edit this text % Email Address Phone Number I acknowledge and consent to MoFi contacting this individual to obtain a Credit Authorization Form. Yes

Owner #2 (if applicable)

Name	Title
Street Address City State Please enter 2 character abbreviation. For example, "ID" or "MT" Zip	Percent Ownership (enter a Number 0-100) Edit this text % Email Address Phone Number I acknowledge and consent to MoFi contacting this individual to obtain a Credit Authorization Form. Yes

Owner #3 (if applicable)

Name	Title
Street Address City State Please enter 2 character abbreviation. For example, "ID" or "MT" Zip	Percent Ownership (enter a Number 0-100) Edit this text % Email Address Phone Number I acknowledge and consent to MoFi contacting this individual to obtain a Credit Authorization Form. Yes

Owner #4 (if applicable)

Name	Title
Street Address City State Please enter 2 character abbreviation. For example, "ID" or "MT" Zip	Percent Ownership (enter a Number 0-100) Edit this text % Email Address Phone Number I acknowledge and consent to MoFi contacting this individual to obtain a Credit Authorization Form. Yes

Owner #5 (if applicable)

Name	Title
Street Address City State Please enter 2 character abbreviation. For example, "ID" or "MT" Zip	Percent Ownership (enter a Number 0-100) Edit this text % Email Address Phone Number I acknowledge and consent to MoFi contacting this individual to obtain a Credit Authorization Form. Yes

Questions? Call MoFi at (406) 728-9234 and ask for Abigail (x252)

Email is AbigailH@mofi.org

We are ready to help!

Document Uploads

Please upload the Credit Memo and Credit Memo Approval as well as any other documents you think are pertinent.

We will also need a copy of the first 2 pages (showing filing status, AGI, etc.)

for the most recent personal tax return, a Credit Report, and Driver's License for all business owners owning 20% of the business or greater. If there is more than one business owner over 20% ownership, please upload taxes for them using the Additional Documents button.

If your files are large (over 25 MB), email info@mofi.org. We will provide instructions for submitting your large files separately.

Document Upload

Credit Memo

Credit Memo Approval

First 2 Pages of Most Recent Tax Return - Primary Owner

Credit Report - Primary Owner

Driver's License - Primary Owner

First Pages business taxes showing EIN (if existing business)

Copy of voided business check for direct deposit of funds

Business Operating or Partnership Agreement/Bylaws (if more than one owner)

Additional Documents

Questions? Call MoFi at (406) 728-9234 and ask for Abigail (x252)

Email is AbigailH@mofi.org

We are ready to help!

Please enter the email where you would like a copy of this to be sent before you click Submit!