1 Start 2 Halfway There! 3 Complete Have you developed a similar size project in the past 10 years, or several projects combined that equal the size of the project to be developed or do you have the ability to bring in a partner who has this experience? * Yes No Have you done the necessary market research to determine that there is a need for your project? * Yes No Do you have the down payment - a minimum of 20% of the cost of the project (including Land) in cash or in the land value or can you bring in investors to achieve this? * Yes No Do you have a credit score of 680 or higher? * Yes No Do you have at least 10% - 15% of the desired loan amount in post-closing cash or do you have a partner that has this if you do not? * Yes No Do you have more than one sources of income or if not can you bring in a partner who can help you meet this requirement? * Yes No Are you an experienced General Contractor or do you have one that has a good track record of building similar size projects and completing them? * Yes No Have you completed an income and expense pro forma that shows that you have enough net operating income to support the payments of a permanent loan? * Yes No Have you researched all operating expenses for the pro forma including taxes and insurance to know they are accurate? * Yes No Do Market Rents in the sub market of the subject property support your projected rents on your project? * Yes No Leave this field blank
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