Submittal Checklist

· Project description with photos

· Project appraisal

· Status and terms of acquisition, construction loan and funding bank

· Current market data/absorption/comparable sales

· Resume of development, management and construction entities

· Past and current projects

· Site plans, grading plans, improvement plans

· Phase 1

· Soils report

· Status of tentative map or final map

· Conditions of approval

· Schedule of construction and completion

· Preliminary title report

· Property purchase agreement (if purchase not yet closed)

· DRE white report (when available)

· Corporate .project financial statements as of current date, including all relevant entities

· Corporate/project bank statements for the most recent three months, including the main accounts for all relevant entities

· Previous year-end financials (balance sheet and P&L) for all relevant entities, plus recent balance sheet and P&L (can be un-audited)

· Corporate tax returns for the past two years

· Personal financial statements for the company’s president/principal with the most current (previous year’s) tax return

· Signed credit authorization form for principal(s) or recent (within 90 days) copy of credit report (can be consumer generated)

· Schedule report costs in a format that will be consistent with the monthly reports to investors

· Profit analysis or project/financial projections/cash flow in a format that will be consistent with the monthly reports to investors

· Statement of projected cash flow for twelve months (current month plus next 11 months)

· Details of financing, including current mortgage statements if outstanding loans

· Bank references and credit references

· Fund control contract (when available)

· Copies of appropriate corporate or LLC documents (articles of incorporation/formation, bylaws or opening agreement, resolution to borrow)

· Construction contract between owner and general contractor, including contractor’s license number

· Insurance certificate (stand alone project policy) or binding letter