Borrower or its members ("Borrower") hereby warrants and represents that they wish to continue with the loan application, that the loan is for commercial purposes and not consumer purposes, and that the loan proceeds are intended to be used for commercial purposes only, not for personal, family or household purposes. Borrower also represents that none of the parties securing the loan is currently occupied by Borrower as their primary residence or vacation home, and that Borrower shall not occupy or reside in any of the properties during the term of the loan. By signing below Borrower hereby confirms that they have read and understand the Borrower Certification of Business Purpose, that the information provided in connection with obtaining the loan is complete and accurate, and that the Properties are nonowner-occupied investment properties. The information set forth above is true and correct and is provided to Lender for the purpose of obtaining or maintaining credit or other financial accommodations. The undersigned acknowledge and understand that you are relying on the information provided to make a credit decision. Each of the undersigned represents, warrants and certifies that the information provided herein is true, correct and complete. Any willful misrepresentation could result in a violation of FEDERAL LAW. Each of the undersigned agrees to notify you immediately and in writing of any material change in any of the information contained in these statements. By submiting this application, you authorize Lender to obtain a consumer credit report through a credit reporting company chosen by Lender.
The following is only required for first-time submissions, or if the contacts are different from your previously closed properties.