Construction Loan Schedule of Basic Requirements
 Completed Loan Application Package
 City map
 Appraisal
 Aerial photos (for commercial loans only)
 Street and property photos
 Survey of site
 Feasibility study
 Detailed construction plans (3 sets with plans and specs)
 Cost data on contemplated construction
 Architects contract
 Resume and brochure of architect
 Construction contract
 Resume and brochure of contractor
 Developers financial statement
 Resume for each guarantor
 Guarantors personal financial statements
ie: 2 years income statements and balance sheet)
 Banking reference for each borrower and each guarantor
 Articles of partnership or articles of incorporation
 Hotel chain affiliation agreement
 Management contract and firm brochure
 Copies of Notes and Mortgages on existing loans
 Pro-forma projection: 1 year by months and balance by quarters to end of stabilized year
 Rental income and expense statement
 Rent control laws
 Credit reports - Business and Personal (we order)
 Letter of intent for use of funds
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