The information below is needed to process the Builder project(s) approval. All Builder forms are available for easy download below. Please do not hesitate to contact us with any questions you may have.
We look forward to working with you!

Preliminary Submission Documents

Executive summary on project:

a.Overview of project

  • Project type (land acquisition, development, vertical construction, spec, presale)
  •  # Units, lots
  • Square footage of homes, proposed price upon completion
  • Location to transit, hospitals, schools, etc.
  • Amenities included
  • Builder, Developer experience
  • Financing Request – LTC, LTV

b. Market Overview Summary

  • Current region market timing
  • Demand, inventory (shortage, etc.)
  • Average price sq. ft. comps vs. project sq. ft. sales price

c. Proforma Spreadsheet

  •  Land acquisition cost or equity participation (cross collateralization details if applicable)
  •  Infrastructure Costs
  • Vertical Construction

 

d. Resumes for Principals-Partners

e. Recent-Past Pipeline Recent Sales, Construction, Development Projects Completed, Sold, on Market or Retained

 

Final Submission Documents – Once Terms are Accepted

 

  1. Most Recent 3 Years Business Returns (some of our investors may require personal returns & statements, even though it’s non-recourse)
  2. Current Balance Sheet, P&L for Business through 2015 & 1st Q 2016 if applicable
  3. Articles of incorporation for business (include EIN#, letter of good standing from Secretary of State)
  4. Current Builder’s Liability Insurance Policy
  5. Land purchase contract, include legal description
  6. Land Survey
  7. Plans, specifications
  8. Current valuation on free-and-clear land (HUD 1, Deed, survey, legal description)
  9. Development docs, agreements, covenants, restrictions, etc.

 

Send all documents to:

Teresa, Lopez, NMLS # 374578, Residential Mortgage Loan Originator

Goldwater Bank N.A. – Mortgage Division

NMLS# 374578; Corporate NMLS# 452955

512-789-5626

tlopez@goldwaterbank.net

FAX: 877 545-3484

Tier II Application Checklist

Personal Cash Flow Statement

Tier II Commercial Application 

Personal Financial Statement

GEM Budget/Cost Breakdown

Builder Sales and Closing Report