Construction financing submission data needed
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  1. #1
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Construction/Rehab financing submission package

    Executive summary for the project

    what is the building exactly, what type of property

    is it a knockdown or land

    Is the land free and clear or is there a lien, whats the LTV?

    purchase price - and when purchased

    Do you have the land graded, permits, entitlements, final map or final plan and is it shovel ready?

    what is the construction cost, hard costs and soft cost

    what is the timeline for development

    what is the value once completed

    is the sponsor going to occupy the property with his business or sell it, or refinance and keep it...exit strategy

    resume of experience of the builder

    Here is a link to a rehab/construction worksheet:

    https://drive.google.com/file/d/1AUe...ew?usp=sharing
    Last edited by Olderguy; 10-06-2023 at 05:13 PM.
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