1. Executive summary including borrowing entity financial statement (ideally audited) and time from construction commencement through construction completion and income stabilization.

2.  Borrowing entity principals’/ guarantors financial statement (any liens – judgments?)

3.  Borrowing entity resume/track record:

• Project Description (s) including

• Construction Budget - Goal vs. Actual

• Construction Time   -   Goal vs. Actual
   

4. Borrowing entity/principals schedule of real estate owned, including  current value , encumbrances, and personal guarantees pledged.
    

5. Banking References
    

6.   a) Detailed line item summary of all hard and soft costs

            b) Source and Uses of Funds Required To Build & Complete Project

7. Market Analysis : a) if project for rent, market comparable rentals – (rental, rate/absorption rate) b) if project for sale, market comparable sales closed in past twelve (12) months
    

8. If project is for rental: a) five year income/expense pro-forma b) summary of anticipated lease terms and rate prior to construction c) if expansion of existing property, past three years income expense statements of existing operating entity.
    

9. Photos,  Exterior, Interior “As Is” and artist rendering as proposed, an Aerial if available.
    

10. Site Map (Plan)/ what was on site before project.  Description of adjacent area for environmental, floodplain review.
     

11. Architectural/Engineering Plans
     

12. Documentation of local agencies’ approval(s)
     

13. General contractor-bondable-up to what amount? Any liens or judgments? Resume and track record
     

14. Construction contract – what type?  Ideal contract is guaranteed maximum price and all subs bonded.