Preliminary underwriting will be conducted focusing on these factors, but not limited to the following:
Loan to value as completed and as stabilized relative to the funding request;
Debt service coverage ratio both during the stabilization period and as stabilized, defined by the business plan;
Client track record and financial position; and
Client needs assessment and what may work for the Investors.
Make a recommendation as to the proposed terms and conditions for funding of the Company and review internally.
Based on the above Preliminary Underwriting, write a draft of the Term Sheet for internal review.
Once the Term Sheet is received as approved by the Investor, submit to the Client for review and comment.
Preliminary underwriting will be conducted focusing on these factors, but not limited to the following:
Loan to value as completed and as stabilized relative to the funding request;
Debt service coverage ratio both during the stabilization period and as stabilized, defined by the business plan;
Client track record and financial position; and
Client needs assessment and what may work for the Investors.
Make a recommendation as to the proposed terms and conditions for funding of the Company and review internally.
Based on the above Preliminary Underwriting, write a draft of the Term Sheet for internal review.
Once the Term Sheet is received as approved by the Investor, submit to the Client for review and comment.