Qualification Profile
- Sponsor experience and equity contributionTrack record on comparable land or development projects and cash equity going into the project.
- Requested loan amount and use of proceedsProceeds needed at closing and any additional funding for entitlements, site work, taxes or interest carry.
- Purchase price or current land valueContract price for an acquisition or as-is land value with recent appraisal or valuation information.
- Liquidity, reserves and exit strategySources of additional liquidity, required reserves and the planned recapitalization, construction or sale strategy.