Borrowers
Development and Consultant Services Available
Developer
- Full Development Services
- Conduct profitability and risk analysis
- Build proformas
- Land acquisition, LOIs and PSAs
- Land entitlements
- Garner city and community support
- Engage lenders and secure FHA financing
- Solicit bids from and engage all design consultants
- Coordinate and supervise design from initial design through construction documents
- Solicit bids from and engage general contractor
- Obtain city site plan approval and building permits
- Project implementation through construction and conversion to permanent financing
HUD 221d4 Specialist
- Concept meeting
- Encouragement
- Pre-app submission
- Invitation letter
- Firm commitment submission
- Coordinate with Borrower, Attorneys, Contractor, Architect, Consultants, Lender, A/E Cost Reviewer and Management Company to send timely submissions
- Firm commitment and amendments
- Rate lock
- Initial closing
- Construction period
- Cost certification
- Final closing
Contractors
Consultant Services Available
HUD 221d4 Specialist
- Pre-app submission
- Firm commitment submission including all exhibits
- 2530 Submission
- Coordinate with Borrower, Attorneys, Contractor, Architect, Consultants, Lender, A/E Cost Reviewer and Management Company to send timely submissions
- Initial closing
- Construction period
- Cost certification
- Final closing