EX-99.7 56 exh99-7_sched7.htm SCHEDULE 7 - BUSINESS PURPOSE

Business Purpose Data

Run Date - 03/13/2025 11:18:04 AM

Evolve Loan ID Redacted ID Seller Loan ID Seller Name Originator Name Guideline Author Loan Program Loan Program Date Documentation Type Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Rental Source for Property DTI Calculation Short Term Rental STR Source STR Amount Property DTI Investor DTI  Value Used for DSCR Calc DSCR Total DSCR PITIA Lease End Date Original Lease Term Is Lease Month To Month Rent Loss Insurance Rent Loss Insurance Amount Actual Loss Amount HOA Flag HOA Monthly Premium Amount Monthly Property Tax Monthly Insurance Cost Asset Verification Blanket Mortgage Flag Number of Mortgaged Properties With Lender Number of Properties Foreign National Alternative Credit Documentation Foreign National Borrower 1 Foreign National Borrower 2 Investor Type Months Reserves Number of Years Property Owned Borrower Residency Status Co Borrower Residency Status Qualifying Credit Score Months Bankruptcy 7 11  Months Bankruptcy 13  Months Deed in Lieu Months Short Sale or Pre FC  Prior Mtg Rent Late 30d in 12m  Prior Mtg Rent Late 60d in 12m  Prior Mtg Rent Late 90d in 12m  Prior Mtg Rent Late 30d in 24m  Prior Mtg Rent Late 60d in 24m  Prior Mtg Rent Late 90d in 24m  Section 8 Street Address Borrower 1 Type Borrower 1 Designation Borrower 1 First Name Borrower 1 Last Name Borrower 2 Type Borrower 2 Designation Borrower 2 First Name Borrower 2 Last Name Borrower 3 Designation Borrower 3 First Name Borrower 3 Last Name Borrower 4 Designation Borrower 4 First Name Borrower 4 Last Name Personal Guarantee Personal Guaranty Recourse Level  Guarantor 1 First Name Guarantor 1 Last Name Guarantor 1 Number of Mortgaged Properties Guarantor 1 Citizenship Guarantor 1 Asset Verification Level Guarantor 1 Experian FICO Guarantor 1 Equifax FICO Guarantor 1 Trans Union FICO Guarantor 2 First Name Guarantor 2 Last Name Guarantor 2 Number of Mortgaged Properties Guarantor 2 Citizenship Guarantor 2 Asset Verification Level Guarantor 2 Experian FICO Guarantor 2 Equifax FICO Guarantor 2 Trans Union FICO Borrower 1 Employment Status Borrower 2 Employment Status Loan Application Date Sales Contract Date Qualifying Home Value for LTV Number of Units Year Built Total Sq Ft Number of Bedrooms Number of Bathrooms Property Condition Acquisition Cost Renovation Cost Effective Gross Income Turnover Costs Repairs and Maintenance Marketing and Leasing Costs Utilities Other Costs Cap Ex Reserve Borrower Entity Type Name of Borrowing Entity Default Rate Clause Default Rate
XXXXXXX 1000657 XXXXXXX   Union Home Mortgage Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $1,760.00 FNMA 1007/216 FNMA 1007/216 No   0     1760 1 1 XXXXXXX       Yes $30,000.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 5   No No Experienced 0 6 US Citizen   778 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXX Primary Primary XXXXXX XXXXXXXXXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 3 1.1 C4 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXX 1000661 XXXXXXXXXX   Prysma Acra Lending Seller Guide DSCR- Investor DTI NOO XXXXXXX Debt Service Coverage Yes No $0.00 $4,600.00 FNMA 1007/216 FNMA 1007/216 No   0     4600 1.22 1.22 XXXXXXX       Yes $0.00 Yes NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 8   No No Experienced 9 10 US Citizen   801 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXX Primary Primary XXXXXXXXX XXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 2 XXXXXXX XXXXXXX 4 2.2 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXX 1000662 XXXXXXXXXXXXX   General Mortgage Capital Corporation Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $3,400.00 FNMA 1007/216 FNMA 1007/216 No   0     2600 1.19 1.19 XXXXXXX       Yes $20,400.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 2   No No Experienced 26 12 US Citizen   690 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXX Primary Primary XXXXXX XXXXXXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 2 XXXXXXX XXXXXXX 5 2 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXX 1000664 XXXXXXXXXX   Associated Mortgage Bankers, Inc. Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $4,875.00 FNMA 1007/216 FNMA 1007/216 No   0     4875 1.06 1.06 XXXXXXX       Yes $156,000.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 2   No No Inexperienced 29 10 US Citizen   730 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXX Primary Primary XXXXXX XXXXXXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 4 2 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXX 1000665 XXXXXXXXXX   Cake Mortgage Corp. Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $3,100.00 FNMA 1007/216 FNMA 1007/216 No   0     3100 1.18 1.18 XXXXXXX       Yes $45,300.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 3   No No Experienced 2 8.1 US Citizen   708 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXXXXXXXXXX Primary Primary XXXXXXX XXXXXXXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 3 2 C4 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXX 1000666 XXXXXXXXXX   AAA Capital Investment Inc Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes Yes $2,688.00 $2,650.00 FNMA 1007/216 FNMA 1007/216 No   0     2650 1.02 1.02 XXXXXXX 20250320 12 No Yes $42,460.00   YES XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 6   No No Experienced 160 15 US Citizen   764 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXX Primary Primary XXXXX XXXXXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 3 2 C2 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXX 1000672 XXXXXXXXXXXXX   General Mortgage Capital Corporation Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $6,000.00 FNMA 1007/216 FNMA 1007/216 No   0     6000 1.2 1.2 XXXXXXX       Yes $125,000.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 1   No No Inexperienced 21 4.2 US Citizen   805 0 0                   XXXXXXXXXXXXXX Primary Primary XXXX XXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 2 XXXXXXX XXXXXXX 6 2 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXX 1000673 XXXXXXXXXXXXX   General Mortgage Capital Corporation Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $3,000.00 FNMA 1007/216 FNMA 1007/216 No   0     3000 1.2 1.2 XXXXXXX       Yes $0.00 Yes NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 3   No No Experienced 8 9.1 US Citizen US Citizen 760 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXXX Primary Primary XXXX XXXXXXX Co-Borrower Co-Borrower XXXXXX XXXXXXX Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required Not Required XXXXXXX XXXXXXX XXXXXXX 2 XXXXXXX XXXXXXX 6 2 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXX 1000674 XXXXXXXXXXXXX   General Mortgage Capital Corporation Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes Yes $5,300.00 $4,250.00 FNMA 1007/216 FNMA 1007/216 No   0     4250 1.04 1.04 XXXXXXX 20250731 12 No Yes $85,800.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 2   No No Experienced 105 5.9 US Citizen   740 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXXXXX Primary Primary XXXXXXXX XXXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 6 3.1 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXX 1000675 XXXXXXXXXXXXX   General Mortgage Capital Corporation Acra Lending Seller Guide DSCR- Investor NOO XXXXXXX Debt Service Coverage Yes No $0.00 $4,000.00 FNMA 1007/216 FNMA 1007/216 No   0     4000 2.58 2.58 XXXXXXX       Yes $0.00 Yes YES XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 2   No No Inexperienced 64 9.9 US Citizen   745 0 0     0 0 0 0 0 0   XXXXXXXXXXXXXXXXXXXXXXX Primary Primary XXXXXX XXX Co-Borrower Co-Borrower     Co-Borrower     Co-Borrower                   0 0 0           0 0 0 Not Required   XXXXXXX XXXXXXX XXXXXXX 1 XXXXXXX XXXXXXX 3 3 C3 XXXXXXX $0.00               Individual(s)   FALSE  
XXXXXXXXXXXXXX 1000678 XXXXXXXXXXXXXX Gulf South Mortgage, LLC LendSure Mortgage Corporation (Default) Lendsure Mortgage Corp. Investor DSCR: 30 - Year Fixed XXXXXXX Debt Service Coverage Yes Yes $3,875.00 $3,100.00 FNMA 1007/216 FNMA 1007/216 No   0     3100 1.52 1.52 XXXXXXX 20240831 12 No Yes $28,000.00   NO XXXXXXX XXXXXXX XXXXXXX Stated, Verified NO 1 3   No No Experienced 3 1 US Citizen US Citizen 772 0 0     0 0 0 0 0 0   XXXXXXXXXXXXX                               Full XXXXXXX XXXXXXX   US Citizen Stated, Verified 743 742 737 XXXXXX XXXXXXXXXXXXXX   US Citizen Stated, Verified 772 775 767 Employed Employed XXXXXXX XXXXXXX XXXXXXX 4 XXXXXXX XXXXXXX 8 4 C3 XXXXXXX $0.00               Limited Liability Corp Neumann Properties LLC FALSE