Preliminary Submission Documents

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.

 

Green Energy Money, Inc is not a licensed mortgage or financial company. This is not a commitment to make a loan or offer any financial terms. All financing terms are subject to financial market requirements and borrower qualifications. All programs offered in the mortgage market are subject to change without notice and market conditions.