Residential Development (For sale and rental projects)

Initial Checklist- Construction & Mezzanine Finance or Preferred Equity

Items needed to underwrite your loan request:

 Project summary (who, what, where and when).

 Resume on the general contractor. (Should include a list of similar projects completed in the last 5
years)
 Resume on all borrowers & Case studies of similar successful projects. (Should include a list of
similar projects completed in the last 5 years)
 Construction budget (Complete listing of hard and soft costs). (AIA format)
 Current personal financial statement (All investors with an interest in the subject property of 10% or
greater.) -It will also need to include any contingent liabilities.
 A feasibility study for the subject property.
 Projections- 3 yrs income statement and balance sheet. (If Rental project)
 Proforma rent roll (if Rental project)
 Sales comps (If condos)
 List of land use restrictions, if any.
 Copy of 1st mortgage commitment, mortgage and promissory note. (Mezz or Pref Equity)

Please submit the items listed above in an email or mail format . We look forward to working with you.

Trinity Street Capital Partners

65 Broadway - 7th Floor -New York, New York 10006
www.trinitystreetcp.com