Name of Project:

Project Type (multi-family, MPC, commercial, etc.):

Location:

Funding Type: (equity, debt, bridge loan, etc.)

Please respond to the following questions as completely as possible and provide the requested
backup documentation. Thank you!

1. Provide a short narrative/description of the project.

2. What is total project cost, capital stack? Please provide a complete proforma.

3. What is the total equity input (cash, land, entitlement costs, etc.) from the sponsor? (Please
note that lenders will not accept developer fees left in project as equity)

4. Are there any other funding sources (PACE, TIF, tax credits, etc.)? Are they approved/secured?
Please provide documents/evidence.

5. If prepaid interest is factored, for how long? (Note: Some lenders will not use prepaid interest
in the total construction costs for loan to value or loan to cost purposes.)

6. Will the construction be phased/staged? If so, how many segments?

7. Is the project entitled, site shovel ready? If not, what is the time frame for entitlements,
permits, etc.?

8. Is there a current appraisal for the project? What is the appraisal amount and the estimated
equity? Please provide the appraisal.

9. What will be the finished or completed value of the project?

10. What is the sponsor's experience? Please provide sponsor's resume and list of developed
projects.

11. What is sponsor net worth/income, etc? Please provide sponsor's financials, REOs and credit
score.

12. Any additional notes for clarification?

List of required preliminary documents:

1. Project proforma;
2. Offering Memorandum;
3. Documents re additional approved funding sources (PACE, TIF, tax credits, etc.);
4. Property appraisal;
5. Sponsor's resume;
6. Sponsor's List of developed projects; and
7. Sponsor's financials, REOs and credit score.