Illustrative Sample — Not Available for Funding.

Deal Locker Preview

See the deal. Understand the risks. Ask better questions.

This page demonstrates the proposed Deal Locker format — how a deal presentation and a borrower update could be organized inside Be the Bank Club. Every name, figure, document and review status below is fictional. No real property, borrower or loan is shown, and no actual checks have been performed.

Available with membership todayEducation, community, and applicable borrower-readiness and vetting resources, as described on the membership page.

Proposed — shown here as a demonstrationThis standardized deal layout, readiness table, document checklist and monthly update format. Features and layout may change and are not all operational yet.

Front view of a single-story house with a two-car garage and a lawn. Representative photo of a different property, not the Oak Street sample. — **Illustrative images—not the actual property.** These photos show a different house, used only to illustrate the format. They are not the Oak Street sample, not a listing, and not progress photos. The house number and a bystander have been obscured.

Street view at sunset of the same house and neighboring homes. Representative photo of a different property, not the Oak Street sample. — **Illustrative images—not the actual property.** These photos show a different house, used only to illustrate the format. They are not the Oak Street sample, not a listing, and not progress photos. The house number and a bystander have been obscured.

Fictional sample

Oak Street Renovation

Tampa, Florida · Three-bedroom single-family fix-and-flip

Borrower: Oak Street Property Group LLC (fictional)
Scope: Kitchen and bathroom updates, flooring, interior paint, and landscaping
Loan request: $180,000
Proposed interest: 11% annually, interest-only
Monthly interest: $1,650 on the full loan balance
Proposed term: 12 months
Proposed security: First-position mortgage, subject to title confirmation and recording
Primary exit: Sale after renovation
Timeline: Six-month target project timeline; loan maturity at 12 months

Review status (sample): Additional review required. This fictional deal is not approved and is not available for funding.

Project Numbers · Sample

The key figures, up front

All figures are fictional and shown for format only.

Requested loan

$180,000

11% interest-only · 12-month term

Total projected cost

$235,000

Purchase, renovation, costs & contingency

Borrower cash

$55,000

$235,000 cost − $180,000 loan

Loan-to-projected-ARV

60%

$180,000 ÷ $300,000 illustrative ARV

Project budget
Item	Amount
Purchase	$150,000
Renovation	$45,000
Closing, holding and selling costs	$30,000
Contingency	$10,000
Total projected cost	$235,000
Requested loan	$180,000
Borrower cash contribution	$55,000

Interest and delays. The $30,000 cost allowance includes interest for the six-month target timeline (6 × $1,650 = $9,900). Each additional month adds about $1,650 in interest, plus other holding costs — so delays can push costs beyond this budget.

Valuation & projected margin
Measure	Sample figure
Illustrative after-repair value (ARV)	$300,000
Loan-to-projected-ARV	60%
Projected sale proceeds less total project cost	$65,000

The ARV is an illustrative assumption. A real submission would need comparable sales and supporting analysis. Loan-to-ARV does not establish current collateral value or guarantee recovery. The $65,000 projected margin is before income taxes and any costs beyond the budget — it belongs to the project and is not a lender return.

Borrower Readiness · Example statuses only

Borrower readiness

These statuses are fictional. No actual identity, entity, background, credit, experience or reference checks have been performed. Each status is written out in text.

Item	Status (sample)
Required education	Complete
Identity / entity documentation	Reviewed
Experience	Three completed projects documented
Prior lender references	Two reviewed
Background / credit review	Pending — not yet complete
Reporting standards acknowledgment	Complete

Overall status (sample): Additional review required. The borrower and the deal are not approved.

Due Diligence

Risks, questions and documents

Tap a heading to expand it.

Lender review questionsSix questions a lender would want answered

Does the valuation hold up against comparable sales?
Are the contractor bids, scope and contingency adequate?
Does title support the proposed lien position?
What insurance is required?
Can the borrower cover overruns and delays?
What realistic alternatives exist if the sale is delayed?

Key risks in this sampleWhat could change the outcome

Valuation risk: the $300,000 ARV is an assumption, not an appraisal or comparable-sales analysis.
Schedule and cost risk: each month beyond the six-month target adds about $1,650 in interest plus holding costs that are not in the budget.
Lien and title risk: first position depends on title confirmation and recording.
Exit risk: the plan relies on a sale; market conditions could delay or reduce proceeds.
Borrower risk: background and credit review is pending in this sample.

Outstanding documents5 items not yet provided in this sample

Title report — Outstanding
Independent valuation review — Outstanding
Final contractor agreement — Outstanding
Insurance evidence — Outstanding
Completed borrower screening — Outstanding

Borrower Update · Sample

Sample monthly update

How a borrower could report progress to lenders each month. Fictional content.

Month 2 update — Oak Street Renovation

Schedule: Behind by two weeks

Completed

Demolition, rough plumbing, and electrical.

Renovation spending

$18,000 of $45,000 (40% of renovation budget)

Next work

Drywall, cabinets, and flooring.

Issue

Cabinet delivery delayed two weeks.

Response

Contractor resequenced work; target listing moved from Month 4 to Month 5.

Next update

Due in 30 days, with material changes reported sooner.

Evidence: A real update would include progress photos and invoices. None are attached to this sample.

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Disclosure. This preview is fictional and for demonstration only. It is not an offer to lend or invest, a borrower approval, or a commitment to provide funding. Members make their own decisions, conduct independent due diligence, and involve qualified professionals as appropriate. Private lending involves risk, including loss of principal.