The undersigned represents that the property being used as security for this loan is investment property. It is not the borrower’s primary residence. Further, all loan funds will only be used for investment business reasons, and none of the loan funds will be used for consumer or personal reasons.
The undersigned understands that lender has NOT made any commitment to lend, as this is only an application. A loan commitment can only be made in writing and signed by the lender and after, among other lender requirements and conditions, that lender and their attorney have certified that lender would have a first priority loan security deed interest in the subject property.
The undersigned represents that all of the above is true and correct.