EX-99.7 43 ea025949101_ex99-7sch3.htm SCHEDULE 3 - BUSINESS PURPOSE REPORT

Exhibit 99.7 Schedule 3

ASF Loan Number | LoanRecordID | Loan ID | Seller Loan ID | Investor Loan ID | Seller Name | Loan Program | Documentation Type | Executed NOO Docs in File | Lease In Place Flag | Actual In Place Rent | Third Party Market Rent Estimate | Third Party Rent Source | Actual Short Term Rent Amount | Actual Short Term Rent Source | Short Term Rent Number of Months | Short Term Rental Occupancy Factor | Rental Income Used for Property DSCR Calculation | Rental Source for Property DSCR Calculation | DSCR Calculation Based On Short Rental Income Flag | Property DTI | Originator DSCR | TPR DSCR | PITIA | Gross Rental Income Unit 1 | Lease End Date Unit 1 | Lease Term Unit 1 | Gross Rental Income Unit 2 | Lease End Date Unit 2 | Lease Term Unit 2 | Gross Rental Income Unit 3 | Lease End Date Unit 3 | Lease Term Unit 3 | Gross Rental Income Unit 4 | Lease End Date Unit 4 | Lease Term Unit 4 | Gross Rental Income Unit 5 | Lease End Date Unit 5 | Lease Term Unit 5 | Gross Rental Income Unit 6 | Lease End Date Unit 6 | Lease Term Unit 6 | Gross Rental Income Unit 7 | Lease End Date Unit 7 | Lease Term Unit 7 | Gross Rental Income Unit 8+ | Rent Loss Insurance | Rent Loss Insurance Amount | Fee Amount | Acquisition Cost | Renovation Cost | Effective Gross Income | Turnover Costs | Repairs and Maintenance | Marketing and Leasing Costs | Utilities | Other Costs | Cap Ex Reserve | Section 8 | Blanket Mortgage/Cross Collateral Flag | Number of Years Property Owned | Number of Mortgaged Properties With Lender | Number of Properties Securing Loan | Foreign National Alternative Credit Documentation | Months Reserves | Loan Closed in the name of Business Entity | Vested Business Entity Name | Vested Business Entity Type | Qualifying Primary Borrower Type | Qualifying Primary Borrower First Name | Qualifying Primary Borrower Last Name | Qualifying CoBorrower Type | Qualifying CoBorrower First Name | Qualifying CoBorrower Last Name | Qualifying CoBorrower 2 Type | Qualifying CoBorrower 2 First Name | Qualifying CoBorrower 2 Last Name | Qualifying CoBorrower 3 Type | Qualifying CoBorrower 3 First Name | Qualifying CoBorrower 3 Last Name | Non-Qualifying Guarantor 1 First Name | Non-Qualifying Guarantor 1 Last Name | Non-Qualifying Guarantor 1 Citizenship | Non-Qualifying Guarantor 1 Country Name | Non-Qualifying Guarantor 2 First Name | Non-Qualifying Guarantor 2 Last Name | Non-Qualifying Guarantor 2 Citizenship | Non-Qualifying Guarantor 2 Country Name | Personal Guaranty | Total Number of Guarantors | Personal Guaranty Recourse Level | Business Entity EIN
400098350 | XX | XX |  |  | XX | LoanStream - DSCR | Debt Service Coverage Ratio | Present | Yes | 1600 | 1700 | Appraisal - 1007 |  | N/A |  |  | 1600 | Actual In Place Rent | No | 89.39 | 1.119 | 1.119 | 1430.23 | 1600 | 07-04-2025 | 5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 16500 |  | 0 |  | 1600 |  |  |  |  |  |  | No | No | 0.6 | 1 | 1 | N/A | 59.92 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1 | Full Recourse | XX
400098332 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 3200 | 3300 | Appraisal - 1025 |  | N/A |  |  | 3200 | Actual In Place Rent | No | 87.7 | 1.17 | 1.14 | 2806.48 | 1500 | 04-30-2025 | 1 | 1700 | 02-28-2026 | 12 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 38900 |  | XX |  | 3200 |  |  |  |  |  |  | No | No | 2.3 | 1 | 1 | N/A | 37.29 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1 | Full Recourse | XX
400100979 | XX | XX |  |  | XX | A+ | 12 Month Bank Statement | Present | Yes | 900 | 4240 | Appraisal - 1007 |  | N/A |  |  | 4240 | Appraisal - 1007 | No | 110.39 | 0.0 | 0 | 4680.73 | 900 | 03-01-2025 | 24 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |  | XX |  | 4240 |  |  |  |  |  |  | No | No | 0.0 | 1 | 1 | N/A | 8.9 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 0 |  |
400098339 | XX | XX |  |  | XX | A+ | 1099 Verified | Present | No - Vacant | 0 |  | N/A |  | N/A |  |  |  | Actual In Place Rent | No |  | 0.0 | 0 | 2771.37 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |  | XX |  | 0 |  |  |  |  |  |  | No | No | 0.0 | 1 | 1 | N/A | 192.52 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 0 | N/A |
400100992 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | No | 0 | 2125 | Appraisal - 1007 |  | N/A |  |  | 2125 | Appraisal - 1007 | No | 90.39 | 1.11 | 1.106 | 1920.84 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 38000 |  | XX |  | 2125 |  |  |  |  |  |  | No | No | 0.0 | 1 | 1 | N/A | 17.21 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |
400101002 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 4956 | 6400 | Appraisal - 1025 |  | N/A |  |  | 6400 | Appraisal - 1025 | No | 73.74 | 1.35 | 1.356 | 4719.41 | 1206 | 08-01-2021 | 12 | 850 | 07-31-2014 | 12 | 1400 | 09-30-2022 | 12 | 1500 | 10-06-2023 | 12 |  |  |  |  |  |  |  |  |  |  | Yes | 46800 |  | 0 |  | 6400 |  |  |  |  |  |  | No | No | 1.2 | 1 | 1 | N/A | 67.99 | No |  |  | Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |
400100985 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 2800 | 2200 | Appraisal - 1007 |  | N/A |  |  | 2200 | Appraisal - 1007 | No | 93.86 | 1.01 | 1.065 | 2064.91 | 2800 | 02-01-2026 | 12 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 12000 |  |  |  | 2200 |  |  |  |  |  |  | No | No | 0.2 | 1 | 1 | N/A | 92.64 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1 | Full Recourse | XX
400100976 | XX | XX |  |  | XX | B | 12 Month Bank Statement | Present | No | 0 | 3100 | Appraisal - 1007 |  | N/A |  |  | 3100 | Appraisal - 1007 | No | 113.88 | 0.0 | 0 | 3530.36 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 45000 |  | 0 |  | 3100 |  |  |  |  |  |  | No | No | 0.0 | 1 | 1 | N/A | 122.51 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |
400098315 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 8000 | 8200 | Appraisal - 1025 |  | N/A |  |  | 8000 | Actual In Place Rent | No | 89.48 | 1.118 | 1.118 | 7158.3 | 2000 | 03-14-2025 | 1 | 2000 | 03-14-2025 | 1 | 2000 | 03-14-2025 | 1 | 2000 | 03-14-2025 | 1 |  |  |  |  |  |  |  |  |  |  | Yes | 102563 |  |  |  | 8000 |  |  |  |  |  |  | No | No | 6.9 | 1 | 1 | N/A | 100.52 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1 | Full Recourse | XX
400100988 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 5000 | 5000 | Appraisal - 1007 |  | N/A |  |  | 5000 | Appraisal - 1007 | No | 91.32 | 1.095 | 1.095 | 4566.09 | 5000 | 08-31-2025 | 24 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 60000 |  |  |  | 5000 |  |  |  |  |  |  | No | No | 15.4 | 1 | 1 | N/A | 111.71 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 0 |  |
400100993 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | Yes | 11600 | 10950 | Appraisal - 1025 |  | N/A |  |  | 10950 | Appraisal - 1025 | No | 78.99 | 1.26 | 1.266 | 8649.34 | 3500 | 03-31-2026 | 12 | 2800 | 02-28-2027 | 24 | 2800 | 02-28-2026 | 12 | 2500 | 03-31-2026 | 12 |  |  |  |  |  |  |  |  |  |  | Yes | 61800 |  | XX |  | 10950 |  |  |  |  |  |  | No | No | 0.5 | 1 | 1 | N/A | 3.67 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2 | Full Recourse | XX
400100987 | XX | XX |  |  | XX | XX - DSCR | Debt Service Coverage Ratio | Present | No | 0 | 3800 | Appraisal - 1025 |  | N/A |  |  | 3800 | Appraisal - 1025 | No | 88.12 | 1.13 | 1.135 | 3348.41 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 38800 |  |  |  | 3800 |  |  |  |  |  |  | No | No | 0.0 | 1 | 1 | N/A | 3.61 | Yes | XX | Limited Liability Corporation (LLC) | Individual Guarantor | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1 | Full Recourse | XX
400104464 | XX | XX |  |  | XX | xx - DSCR | Debt Service Coverage Ratio | Present | Yes | 7084 | 8500 | Appraisal - 1025 |  | N/A |  |  | 7084 | Actual In Place Rent | No | 86.4 | 1.157 | 1.157 | 6120.48 | 1560 | 03-26-2025 | 1 | 3990 | 03-26-2025 | 1 | 1534 | 03-26-2025 | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 104800 |  | XX |  | 7084 |  |  |  |  |  |  | No | No | 1.8 | 1 | 1 | N/A | 22.15 | No |  |  | Vested Individual | XX | XX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 0 | N/A |