Borrower:
GENERAL INSTRUCTIONS:
Please respond to all items and questions or indicate “N/A” for those items that are not applicable.
Please send to Indie Capital 2829 Meadow Hill Dr N, Clearwater, FL 33761, copies of all documents which are requested, or which address the requests below; it is essential that entire documents (front and back ) be copied.
I General Corporate
Delivered
N/A
A
list of exact legal name of Borrower and each other name under which Borrower currently transacts business
B
list of current officers and directors, shareholders, partners, managers or members for Borrower and amount of equity interest held by each such person. In the event the Borrower is a partnership, limited liability company or subchapters corporation, please also furnish the residency of each partner, member or shareholder, as applicable
C
list of the state of incorporation and state of formation, as applicable, for the Borrower and states or provinces where Borrower is qualified to do business, and evidence of good standing in said state
D
Borrowing Entity/Key Principals Financial Statements
E
Borrowing Entity/Key Principals Credit Report and Banking references
F
Borrowing Entity/Key Principals statement of Net Worth
II Real Property
Please provide the following information and material for each parcel of owned real property of the Borrower:
Delivered
N/A
A
location and address
B
Name of record owner
C
encumbrances
CONSTRUCTION LOANS
A
Narrative summary of project in its entirety, including mortgage request(s) and sources and use of funds
B
Borrowing entity schedule of real estate owned AND
C
encumbrances
D
Detailed line item summary of all hard and soft costs
E
Market Analysis of sales closed of comparables during past 12 months (absorption rate)
F
Aerial Photos
G
Site Map/Plan what was on site before project.
H
Architectural/Engineering Plan
I
Evidence of all appropriate zoning/permit approvals
J
Credentials of marketing entity
K
General contractor—bondable up to what amount? Any liens or judgments? Resume and track record.
L
If project is Single Family sub-division, will developer be selling lots only or finished homes? Forecast of lot/home pre-sales.
INCOME PRODUCING PROPERTIES
A
Past three years Actual Income/Expense Statements
B
Current Month Rent Roll
C
Copy of executed leases (major/anchor tenants)
D
Lease Summaries/Abstracts (incl. start/end dates, square footage, CAM charges) (does not apply to apartments)
E
Interior and Exterior Photos of building
F
Current Year Income/Expense Statement (YTD)
G
Current year Income/Expense Pro-forma/Budget
H
Borrowing entity property tax returns for past three years
I
If project is Single Family sub-division, will developer be selling lots only or finished homes? Forecast of lot/home pre-sales.
J
Borrowing entity resume and summary of real estate track record.
K
Site Plan.
L
If acquisition, copy of executed purchase contract.
III Environmental Matters
For all environmental matters, please provide the following information and material for Borrower and each subsidiary or affiliate of the Borrower:
Delivered
N/A
A
existing Phase I and Phase II environmental assessments or other environmental reports available to Borrower
B
description of all current material environmental issues, including governmental inquiries and threatened or actual litigation, together with proposed resolutions, if any
C
Description of adjacent areas for environmental, floodplain review
IV Insurance
For all insurance matters, please provide the following information and material with respect to Borrower:
Delivered
N/A
A
schedules of all property and liability coverage maintained by the Borrower (including insurers, insured property or liability, deductibles, coverage limits, termination, etc.) , together with copies of declaration page of each policy and endorsement showing locations covered—INDIE CAPITAL should be listed as Lender’s Loss Payee and additional insured
V Litigation
Please provide a schedule and description of each matter for the Borrower and any Guarantor(s). Identify proposed resolution, if any:
Delivered
N/A
A
pending or threatened lawsuits
B
pending or threatened investigations or proceedings before governmental or regulatory agency (e.g., OSHA, EPA )
C
pending or threatened arbitration proceedings
D
consent decrees, judgments, orders and injunctions outstanding
E
pending or threatened disputes with federal, state or local authorities involving the payment of sales and use taxes
Name, address (including e-mail), phone and facsimile number of Borrower´s attorney:
Name:
Address:
E-mail:
Phone:
Facsimile number:
Name, address, phone and facsimile number of contact person at Borrower:
Name:
Address:
Phone:
Facsimile number:
Name, address (including e-mail), phone and facsimile number of Guarantor(s):
Name:
Address:
E-mail:
Phone:
Facsimile number:
Add any additional comments here:
