Large Scale Development Funding Worksheet


PROJECT SUMMARY –

Submission Date:

Loan Amount Requested:

TYPE of Project



NAME of Project:

LOCATION / Street Address

City, State, ZIP / Country



If New Purchase, Sales Price
$
Is Sales Contract in Place
Yes / No – If No, why Not?
Earnest Money Paid
$
Contract Expiration Date



If REFI, Purchase Price & Date

Existing Loan Amt.
$
Payoff Due Date / Lien Holder



If Land, Number of Acres (size)

Is Project Fully Entitled
Yes / No – When?
Is Project Fully Permitted
Yes / No – When?
Environmental Report Completed
Yes / No – When?
Feasibility Study Completed
Yes / No – When?
Environmental Phase 1 Completed
Yes / No – When?


Current “AS IS” Property Value
$
How Value Determined?

Commercial Appraisal?
Yes / No
Date of Appraisal



Amt. of Deferred Maintenance
$
Number of Const. Phases

Total of Improvement Costs
$
Future (total) Completed Value
$
“Completed” Appraisal Available
Yes / No


Who Will Manages Property

Total Sq. Footage of Buildings

Number of Buildings

Property Web Site



Total Project Costs
$ 250 m
Loan Amount Requested
$
$$ Invested by Borrower to Date
$
What were Funds Used For



Borrower’s Credit:
Excellent  /  Good  /  Fair  /  Poor
Borrower’s Financial Net Worth:
$
Borrower’s Current Liquidity:
$

PRINCIPAL’s INTERESTs 

Interested in JV
YES  /  NO    If YES, what __________% ?
Wanting Debt ONLY – No JV
YES  /  NO   
Interested in HARD $$
YES  /  NO   

IF CONST / DEVELOPMENT PROJECT (Total Development Costs) –
Purchase or Refinance Amt.
$
Vertical Construction Costs
$
Horizontal Development Costs
$
Soft Costs
$
Working Capital
$
Contingency Amt.  (3% to 5%)
$
Interest Reserve    (6% - 2 yrs.)
$
Financing Costs     (3%)
$
TOTAL:
$

BORROWER[S] BUSINESS INFORMATION –

Company’s Legal Name

Street Address

City, State, Zip

County / Country

Company Web Site

State of Incorporation

Country

Primary PRINCIPAL Contact

Telephone Number

Email Address

1)Name of Principal / % Owner

Telephone Number

Email Address

2) Name of Principal / % Owner

Telephone Number

Email Address

3) Name of Principal / % Owner

Telephone Number

Email Address





GENERAL UNDERWRITING INFORMATION –
Please be as detailed as possible; take all the space you need to completely answer the following questions (the form will expand to allow for all of your pertinent information).


BRIEF DESCRIPTION (Narrative) OF PROJECT / PROPERTY –
 





SCHEDULE OF “USE OF FUNDS” – “What, How Much, and When?”






SALES (Pre-Sales) / RESERVATIONS / OCCUPANCY RATE INFO –


 


EXIT STRATEGY (Minimum X3) –





STRENGTHS & DRAWBACKS OF TRANSACTION –






BORROWER’S BUSINESS / DEVELOPMENT EXPERIENCE –





BORROWER’S PREFERRED LOAN TERMS & CONDITIONS – (“Wish-List”)
Loan Term in Years

Loan to Value – LTV

Loan to Cost   – LTC

Interest Rate Range

Draw Schedule Term

Interest ONLY Loan
YES / NO
Pre-Payment Penalty
YES / NO
Personal Guarantor
YES / NO
Non-Recourse Loan
YES / NO