Each party signing this application (each, an “Applicant” and collectively, the “Applicants”) authorizes Clearwater Capital Group Inc, its successors and/or assigns, (the “Lender”) to obtain a credit report, background check, verify past and present mortgage accounts, obtain landlord references, verify income and request, verify and review all information that the Lender, in its sole discretion, deems relevant or otherwise appropriate as to the Applicant or any of its principals and guarantors, in connection with this application or any future review, update, extension, renewal or modification of any credit extended to the Applicant by the Lender as a result of this application, or in connection with the Lender’s collection efforts relating to any such credit. It is understood that a copy of this form, digitally delivered or hard file, will serve as authorization. Each Signer authorizes the Lender to provide credit information about such Signer to any qualified third party requesting such information. If you are executing this document online, by signing the document you consent to the use of electronic signatures. Electronic signatures are legally binding just like a written signature. You may request a copy of the credit report by mailing the address found above.

The Applicant represents that the loan is not intended to, and shall not be used for, household, familial, personal or consumer purposes, and shall only be used for investment and commercial purposes.

Each Signer certifies that the information provided in this application and any other documents or information submitted in connection herewith is true and correct as of the date specified beside such Signer’s signature below. Each Signer acknowledges that any misrepresentation, whether intentional or negligent, in this application may result in civil liabilities and criminal penalties, including fine and imprisonment or both, pursuant to 18 U.S. Code § 1014, as well as liability for monetary damages to the Lender and to all agents, assigns and insurers of the Lender, and any others, that suffer any damages as a result of any such misrepresentation. 
Each of the undersigned authorizes the Lender to consider this Personal Financial Statement as a continuing statement of financial condition until replaced by a new Personal Financial Statement or until the undersigned specifically notifies the Lender in writing of any change in such financial condition.

The Lender may order an appraisal or other valuation (the “Appraisal/Valuation”) on the subject real property to determine its value and may charge the Applicant a reasonable fee for the Appraisal/Valuation. The Applicant is entitled to receive a copy of the Appraisal/Valuation promptly upon its completion or 3 business days prior to closing of the loan, whichever is earlier. The Applicant hereby waives this timing requirement and agrees to receive a copy of the Appraisal/Valuation upon closing and funding of the loan, except where otherwise prohibited by law. The Applicant also hereby consents to receive the Appraisal/Valuation and related information in electronic form, and hereby affirms that it can access all such information in electronic form. Upon written request to the Lender at the address found above, the Applicant may withdraw its consent to receive the Appraisal/Valuation and related information in electronic form and instead be provided a hardcopy paper, nonelectronic form of the Appraisal/Valuation. In such event, the Applicant will only be charged for shipping and handling.