Request Extention for the Bank Loan

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Request Extention for the Bank Loan Powered By Docstoc
					Project:                                                                                             Approval Date:
Sponsor/Developer:                                                                                   Loan Officer:
Organization Type:                                                                                   Subsidy Amount:        $                         -
Municipality:                                                                                        Ttl. Const. Loan:      $                         -
County:                                                                                              HMFA Loan:             $                         -


                                      Unit Mix                                                                              Project Information
                                      Homeowner       Rental               Total                     New Construction or Rehab:
Affordable @ 45%                                                                        0            Stick/Modular/Panelized:
Affordable @ 55%                                                                        0            One or Two Family:
Affordable @ 72%                                                                        0            Scattered or Contiguous:
                                                                                        0
Emerging Market                                                                         0            Census Tract
Unrestricted Rental Units                                                               0            Legislative District
Total:                                            0                  0                  0            Congressional District



                             Development Budget
                                                       % of TDC          Per H/O Unit

Site/Building Acquisition:                            #DIV/0!            #DIV/0!
Construction:                                         #DIV/0!            #DIV/0!
Contractor Fee:                                       #DIV/0!            #DIV/0!
Construction Contingency*:                            #DIV/0!            #DIV/0!            * Contingency is only based on the cost of construction
Professional Fees:                                    #DIV/0!            #DIV/0!
Carrying Costs:                                       #DIV/0!            #DIV/0!
Soft Cost Continency                                  #DIV/0!            #DIV/0!            * Soft cost contingency is only based on Professional Fees & Carrying Costs.
Sub-Total:                                   -        #DIV/0!            #DIV/0!
Unit Sales Commission                                 #DIV/0!            #DIV/0!
Developer's Fee:                                      #DIV/0!            #DIV/0!
Total Development Cost:               $      -                           #DIV/0!
                          DF/CM:           #DIV/0!



                Permanent Sources of Funds                                                                               Construction Sources of Funds
                                                      Per H/O Unit
Homeownership Incentive Fund:                         #DIV/0!                                        90% of Homeownership Incentive Fund:                             -
Sales Proceeds:                              -        #DIV/0!                                        Total Construction Loan:                                         -
Other:                                                #DIV/0!                                        Developers Equity:
Other:                                                #DIV/0!                                        Other:
Other:                                                #DIV/0!                                        Other:
Total:                                $      -        #DIV/0!                                        Total:                                               $           -
                   surplus(deficit)              $0

         aabb4e08-fd57-42e3-88ab-ad741d25f3e0.xls
Project Name:
Project Number:
Date:

DEVELOPMENT BUDGET
                                                                                                 % of     Per Sq Ft     Equity by
BUILDING & PROPERTY ACQUISITION                                                                  TDC       Costs        Line Item
  Land
  Building
  Relocation
  Other:
                                                                                      $0        #DIV/0!    #REF!                    0
CONSTRUCTION
 Building Permits
 Demolition
 Environmental Clearances
 Off-Site Improvements
 On-Site Improvements
 Residential Structures
 Surety & Bonding
 Other:
 Other:
                                                                                      $0        #DIV/0!    #REF!                    0

CONTRACTOR FEE (O&P)                                                                  $0        #DIV/0!    #REF!

HARD COSTS CONTINGENCY                                                                $0        #DIV/0!    #REF!
(Contingency requirement is 5% for new construction & 10% for rehab)


PROFESSIONAL SERVICES
  Appraiser
  Architect
  Attorney
  Cost Certification/Audit
  Engineer
  Environmental Consultant
  Historical Consultant
  Professional Planner
  Soil Investigation
  Surveyor
  Marketing/Advertising
  HAS Fees of $500 / Subsidized affordable unit
  Other:
  Other:
                                                                                      $0        #DIV/0!    #REF!                    0

CARRYING AND FINANCING COSTS
  Inspections
  Interest Costs
  Points & Bank Fees
  Property Insurance
  Real Estate Taxes
  Title Insurance & Recording
  Utility Connection Fees
  Other:
  Other:
                                                                                      $0        #DIV/0!    #REF!

SOFT COSTS CONTINGENCY                                                                $0        #DIV/0!    #REF!
(Contingency requirement is 2% of Professional Services & Carrying/Financing Costs)


SUBTOTAL (same as Total Construction Costs)                                                $0   #DIV/0!    #REF!            $0          #DIV/0!
                                                                                                                (equity=10% SUBTOTAL)


DEVELOPER FEE                                                                              $0   #DIV/0!    #REF!
(only nonprofits may use as equity)

UNIT SALES COMMISSION                                                                      $0

TOTAL DEVELOPMENT COST                                                                     $0
Date:                                      Residential Structure Cost Analysis
Project Name                                                                                               Buildings Total SF =
Project Number
                                                                                                            Scheduled Amount       Cost/GSF
ONSITE IMPROVEMENTS
                       1    Demolition Site / Site Prep.& Removal                                                         $0        #DIV/0!
                       2    Selective Demolition Rehab Only & Removeal                                                    $0        #DIV/0!
                       3    Excavation Site                                                                               $0        #DIV/0!
                       4    BackFill @ Demo                                                                               $0        #DIV/0!
                       5    Site Utilities:                                                                               $0        #DIV/0!
                            Including: Water, Sewar Main Extention, Site Lighting, & Water Management
                        6   Paving Roadways & Parking Lots                                                                $0        #DIV/0!
                        7   Driveways                                                                                     $0        #DIV/0!
                        8   Fences & Gates                                                                                $0        #DIV/0!
                        9   Curbs                                                                                         $0        #DIV/0!
                       10   Sidewalk / Walkways                                                                           $0        #DIV/0!
                       11   Landscaping                                                                                   $0        #DIV/0!
                                                                      Subtotal: Onsite Improvements                       $0       #DIV/0!


RESIDENTIAL STRUCTURES
CONCRETE
                       1    Footings Including Excavation                                                                 $0        #DIV/0!
                       2    Foundation Including Waterproofing & Backfilling                                              $0        #DIV/0!
                       3    Slabs Interior Including Stone                                                                $0        #DIV/0!
                       4    Slabs Exterior Including Sub. Base                                                            $0        #DIV/0!
MASONRY
                       1    Masonry Re-Pointing / Repaires                                                                $0        #DIV/0!
                       2    Stucco / Masonary Exterior Fhinshes                                                           $0        #DIV/0!
                       3    Siding Vinyl, Wood or Others (Must Specify)                                                   $0        #DIV/0!
                       4    Brick Work                                                                                    $0        #DIV/0!
METALS
                       1    Structural Steel                                                                              $0        #DIV/0!
                       2    Exterior Guard & Handrails                                                                    $0        #DIV/0!
                       3    Light Guage Metal Studs                                                                       $0        #DIV/0!
                       4    Stairs                                                                                        $0        #DIV/0!
WOOD
                       1    Rough Carpentry: Labor & Materail                                                             $0        #DIV/0!
                       2    Exterior Doors & Hardware                                                                     $0        #DIV/0!
                       3    Windows & Skylights                                                                           $0        #DIV/0!
                       4    Garage Doors                                                                                  $0        #DIV/0!
                       5    Finish Carpentry:                                                                             $0        #DIV/0!
                            Including Interior Stairs,Rails Interior Doors, Trim, Cabintry & countertops
MOISTURE PROTECTION
                       1 Roofing:                                                                                         $0        #DIV/0!
                            (Including Gutters,Ledders & Piping)
FINISHES
                       1    Drywall & Insulation                                                                          $0        #DIV/0!
                       2    Painting                                                                                      $0        #DIV/0!
                       3    Wood Floors                                                                                   $0        #DIV/0!
                       4    Vinyl Flooring                                                                                $0        #DIV/0!
                       5    Ceramic Tile                                                                                  $0        #DIV/0!
                       6    Carpeting                                                                                     $0        #DIV/0!
EQUIPMENT
                       1 Kitchen Appliances/Washer Dryer                                                                  $0        #DIV/0!
                       2 Bathroom Accessories                                                                             $0        #DIV/0!
                       3 Elevators                                                                                        $0        #DIV/0!
FURNISHINGS
                       1 Blinds & Shades                                                                                  $0        #DIV/0!
                       2 Specialities (list specific items)                                                               $0        #DIV/0!
MECHANICAL
                       1 Fire Surpression                                                                                 $0        #DIV/0!
                       2 Plumbing                                                                                         $0        #DIV/0!
                       3 Mechanical HVAC                                                                                  $0        #DIV/0!
ELECTRICAL
                       1 Electrical                                                                                       $0        #DIV/0!
GENERAL REQUIREMENTS
                       1 General Conditions                                                                               $0        #DIV/0!
                       2 Mobilization                                                                                     $0        #DIV/0!
                                                                    Subtotal: Residential Structures                      $0       #DIV/0!

           TOTAL ONSITE IMPROVEMENTS AND RESIDENTIAL STRUCTURES                                                          $0       #DIV/0!
                                                                              SOURCES OF FUNDS

DATE PREPARED/UPDATED:
PROJECT NAME:
PROJECT #:

CONSTRUCTION FINANCING:
Construction Loan
    Lead Lender portion (1/2)
    Agency portion (1/2)
Total Construction Loan                                                                          $0
Developer Equity:
    Prepaids (identified on budget)
    Cash (identified on budget)
Total Equity: Prepaids and Cash                                                                  $0
Bridge Loans                                                                                          Source:____________________________________
Pre-development Funding                                                                               Source:____________________________________
CHOICE Subsidy (90% of Request)
Other:                                                                                                Source:____________________________________
Other:                                                                                                Source:____________________________________


TOTAL:                                                                                           $0 (Must Equal Subtotal in Budget)


PERMANENT FINANCING:

Sales                                                                                            $0
CHOICE Subsidy (100% of Request)
Other:                                                                                                Source:____________________________________
Other:                                                                                                Source:____________________________________


TOTAL:                                                                                           $0 (Must Equal Total in Budget)


List any affordability controls from other funding sources (if applicable):


List any municipal contributions such as environmental cleanup of site, tax abatement, etc.:
Project:                                0                                           Approval Date:
Sponsor/Developer:                      0                                           Loan Officer:                               0
Organization Type:                      0                                           HIF Amount:             $               -
Municipality:                           0                                           Ttl. Const. Loan:       $               -
County:                                 0                                           HMFA Loan:              $               -

RANGE OF AFFORDABILITY WORKSHEET

                                                Unit Type            Unit Type           Unit Type              Unit Type           Unit Type        Unit Type
Affordability Level                                         45%              55%                     72%                    EMU
(Aff. @ 45%, 55% or 72%, Middle, EMU)


Number of Units
Number of Bedrooms
Square Feet
Family MEDIAN Income

FINANCIAL INFORMATION

Market Interest Rate (6.50%)
Sales Price
-Down Payment (5%)                                          0.00            0.00                     0.00                   0.00              0.00           0.00
Mortgage Amount                                             0.00            0.00                     0.00                   0.00              0.00           0.00
Annual Mortgage Cost (P&I)                                  0.00            0.00                     0.00                   0.00              0.00           0.00
Annual Real Estate Taxes
Annual HOA Fees
Annual Insurance Costs
Total Annual PITI                                           0.00            0.00                     0.00                   0.00              0.00           0.00
Monthly PITI                                                0.00            0.00                     0.00                   0.00              0.00           0.00
Monthly Rental Income*                                      0.00            0.00                     0.00                   0.00              0.00           0.00
Yearly Rental Income*                                       0.00            0.00                     0.00                   0.00              0.00           0.00
Range of Affordability                          #DIV/0!              #DIV/0!              #DIV/0!               #DIV/0!             #DIV/0!          #DIV/0!


Cumulative Sales Proceeds:                  $               -

Unit Sales Commission can't exceed -                            $0


*Fifty-percent of rental income used for qualifying Subsidized Market- Moderate units ONLY.




        aabb4e08-fd57-42e3-88ab-ad741d25f3e0.xls

				
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posted:7/13/2011
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Description: Request Extention for the Bank Loan document sample