Phone: (678) 770-5046
jeff@upto100million.com
LETTER OF INTENT
May 12, 2026
Waseem TestLOI
We have received your financing request, and based on the review of the information provided, we are issuing a letter of intent for financing, which is subject to the final receipt, review, and approval of the documents and information described below. The terms of this transaction are estimated as follows:
| Lender: | Up to 100 Million Corp |
| Collateral (First Lien): | Single Family Residence (SFR) — 456 Test Street, Atlanta, GA 30301 |
| Type of Financing: | Fix & Flip — Purchase |
| Program: | FACO — Fix & Flip |
| LTV: | 75% Max of the Fair Market Value |
| ARV: | Up to 75% of After Repair Value |
| LTC: | Up to 90% of total cost (purchase + SOW) |
| Finance Amount: | $750,000 |
| Rate: | 10.000% |
| P&I Payment: | $6,250 |
| Term / Amortization: | 12-Month Interest Only (extension at 1% in fee) |
| Prepay: | 5-Year Stepdown: 5%, 4%, 3%, 2%, 1% — or add 2% Fee for 1-Year Prepay |
| Lender Fee: | 4.00% ($30,000) — paid at closing |
| Appraisal Cost: | TBD |
| Loan Costs: | Due Diligence Fee — $2,050.58 paid at closing (plus title, insurance, third-party costs per lender schedule) |
- Acceptable Value Review (Appraisal) and Site Visit
- Acceptable Debt Servicing Capability — No Tax Returns Required
- Maintains Credit (limits inquiries and maintains payments)
- Acceptable Title Report, Insurance, and Survey
- Corporation in Good Standing with the Secretary of State
- Business Purpose Only
The borrower is responsible for additional third-party fees, such as a full appraisal as required and closing costs. This is not a commitment to finance and is only an intent to define financing terms subject to the conditions outlined. Multiple factors such as income, assets, and cash flow are considered in determining a final credit tiering at the underwriters' discretion. This agreement is on a best-effort basis.
This Letter of Intent expires on May 17, 2026 (5 business days from issue).
If you accept these terms, please sign below. Upon receipt of the signed LOI and the due diligence fee, our processing team will immediately contact you.
It is further understood that the execution of this document is a request to Up to 100 Million Corp to commence its loan underwriting process. The decision to approve your loan application can only be made by the credit department upon completion of internal underwriting. The above-mentioned loan terms do not represent a promise to lend. To the extent of any inconsistency between the final loan documents and this letter, the loan documents shall supersede this letter and shall be binding. Final rate is not approved until final loan documents have been drawn.
These loan terms are subject to Up to 100 Million Corp's underwriting, appraisal review, and quality control standards. A personal guarantee is required. Up to 100 Million Corp impounds for taxes and insurance. We pride ourselves on exceptional customer service and look forward to a mutually beneficial relationship. Broker is not now, nor has ever been, an employee or agent of Lender. The Broker is acting as an independent third party in this transaction, without any authority to make any representations or warranties on behalf of the Lender. The Broker does not have any authority or power to bind the Lender.
Letter of Intent Signed
A copy has been emailed to you and saved to your file.
Almost done — 4 more documents needed
To finalize underwriting, we need a Commercial Application, Personal Financial Statement, Real Estate Owned schedule, and (for fix-and-flip loans) a Scope of Work.
⏱️ Takes about 10 minutes total
Either way, your LOI is secure. You can pause and pick up where you left off anytime.
Commercial Loan Application
All fields required unless marked optional. Most fields are pre-filled from your application.
1. Financing Request
2. Property Information
3. Borrower Information
4. Employment / Business
5. Financial Summary
6. Declarations
7. Signature
By signing, I certify that the information provided is true and accurate to the best of my knowledge, and I authorize Up to 100 Million Corp to verify any information for credit and underwriting purposes.
Personal Financial Statement
Used to assess your overall financial position. Estimate values where exact figures aren't available.
1. Personal Information
2. Assets
3. Liabilities
4. Annual Income
5. Contingent Liabilities
6. Signature
I certify the above statement is a true, accurate, and complete summary of my financial condition as of the signing date.
Real Estate Owned Schedule
List every investment property you own. Skip if this is your first investment loan.
Properties Owned
For each property, fill in what applies. If still owned, leave "Date Sold" / "Sold Price" blank.
| Property Address | Date Acquired | Purchase Price | % Owned | Date Sold | Sold Price | Existing Loan | P/L |
|---|
Signature
I certify the above is a complete and accurate schedule of all investment real estate I own.
Scope of Work
Budget & timeline for rehab or ground-up construction. Estimates are fine — final draws based on inspections.
Project Overview
Cost Breakdown by Category
Enter material + labor costs for each category that applies. Leave blank for categories that don't apply.
| Category | Materials Cost | Labor Cost | Total |
|---|---|---|---|
| GRAND TOTAL | $0 |
Signature
I certify this Scope of Work represents my best estimate of project costs and timeline.
All Set, Friend!
Every document is signed and on file.
What happens next
Jeff and his team have everything they need to move into underwriting. You'll get an SMS within an hour confirming receipt, and an update within 24 hours with next steps. Most deals close in 7-14 days. We'll also email you a copy of every signed document for your records.
⏱️ Underwriting typically 24-72 hours
📄 Your signed documents
Questions? Call Jeff directly at (678) 770-5046
or email jeff@upto100million.com