Construction To Permanent Loan Forms-Books Pdf

Construction to Permanent Loan Forms
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Table of Contents, Form A Builder Acceptance Checklist and Questionnaire. Form completed by builder for Builder Acceptance by the Lender. Form B Builder s Letter, Letter completed by Builder outlining certain conditions under original construction contract. Form C Project Review Checklist and Budgets, List of items required for Project approval Budgets samples provided. Form C1 Line Item Budget, Sample line item budget Builder may utilize to fund project by individual lines. Form C2 Six Stage Budget, Sample six 6 stage budget Builder may utilize to fund project in stages vs individual lines.
Form D Prepaid Accounting Worksheet, Form that identifies pre paid items and allows Borrower to receive credit reimbursement. Form E Draw Request, Form used to request funding of a draw Note Additional documentation requirements may apply. Form E2 Texas Only Lender s Disclosure Statement Contractor s Disbursement Statement. Borrowers must receive a list of payees owed funds for the current draw request required in TX. Form F Bank Account Wire Authorization, Completed by Borrower to inform Lender what account to wire funds to after closing for draws. Form I Request for Line Item Transfer, Builder Borrower form to move funds within the budget and accompanies a draw request. Contact your Chase Loan Officer or support area with any questions regarding the above forms. Builder Acceptance Form A,Checklist and Questionnaire.
Borrower s Date,Project Address,City State Zip Code. New Construction Remodel,Loan Officer,PACS Perm Loan if available. Checklist Check Box, When complete return this information to Chase When. 1 Builder Questionnaire, Fully completed and executed Builder Questionnaire. 2 State Builder s License, Copy of valid State Builder s License if applicable.
3 General Liability Insurance, Evidence of Commercial General Liability Insurance in the amount of 1 000 000 or greater. 4 Builder s Drivers License, Legible copy of Builder s valid driver s license or photo ID. 5 W 9 actual form is located at http www irs gov pub irs pdf fw9 pdf. Valid completed W 9 form if applicable,General Information. Name of Builder,exactly as it appears on State Builder s License. Business Name including DBA,Business Address,City State Zip.
Email Address Cell,Business Information,Is your license in good standing. Yes No explain on a separate sheet and include with this completed questionnaire. Have you ever had a Builder s License revoked, No Yes explain on a separate sheet and include with this completed questionnaire. Indicate if your business is a Sole Proprietorship Partnership or Corporation. Name Title Percent Owned,Name Title Percent Owned,C7170 03 07 Pg 1 of 3. Have you your organization any officer or partner ever failed to complete a construction contract or failed in a construction. related business, No Yes explain on a separate sheet and include with this completed questionnaire. Are you or your organization currently involved in any disputes lawsuits judgments liens or surety claims. No Yes explain on a separate sheet and include with this completed questionnaire. Gross Sales Projects Completed History, Identify your company s gross sales and number of projects completed for each of the last three fiscal years.
Year Gross Sales Number of Projects Completed, Current Residential Projects Identify number of residential projects currently under construction. References Previous Residential Projects, At least two client references must be within the past year. 1 Client Contract Amount New Construction Remodel,Address City. State Zip Phone,2 Client Contract Amount New Construction Remodel. Address City,State Zip Phone,3 Client Contract Amount New Construction Remodel.
Address City,State Zip Phone, References Current Trade Subcontractors and Suppliers. List current trade subcontractor suppliers attach a separate sheet if necessary. 1 Company Contact Name, How many years have you worked with this subcontractor supplier. 2 Company Contact Name, How many years have you worked with this subcontractor supplier. 3 Company Contact Name, How many years have you worked with this subcontractor supplier. 4 Company Contact Name, How many years have you worked with this subcontractor supplier.
C7170 03 07 Pg 2 of 3,JPMorgan Chase relationships. Do you have any current JPMorgan Chase relationships explain. If yes JPMorgan Chase contact relationship manager Phone. Certification and Authorization, The undersigned hereby declares that the statements made to Chase herein are true and correct and authorizes Chase to. obtain personal and or business credit information should Chase deem it necessary. The undersigned has been advised and further authorizes Chase to obtain information concerning the undersigned s past. employment past performance construction contracts work history credit and any other matter which Chase deems relevant. and also authorizes but does not require Chase to disclose any such information to Chase s borrower and or necessary. persons The undersigned hereby agrees that so long as Chase acts in good faith Chase and Chase s agents shall be held. harmless and shall be indemnified in connection with any claims suits actions or the like which relate in any way to said. investigation or disclosures, Please sign and complete the following if Partnership or Corporation all owners must sign. Signature Date,Print Name Title,Social Security Number. Authorized Officer Signature Date,Print Name Title.
Social Security Number,Authorized Officer Signature Date. Print Name Title,Social Security Number,Authorized Officer Signature Date. Print Name Title,Social Security Number, The security of your personal information is always a priority at Chase We take a number of steps to protect the. privacy of information about you We keep information under physical electronic or procedural controls that. comply with or exceed governmental standards We authorize our employees agents and contractors to get. information about you only when they need it to do their work for us We require companies working for us to. protect the privacy of information about you,C7170 03 07 Pg 3 of 3. Builder s Letter Form B,RE Borrower Owner,RE Property Address.
Prepared By, LAND The real property on which the residence is to be constructed. IMPROVEMENTS The residence to be constructed on the Land. CONTRACT WORK Improvements as described in the plans and specifications. CONTRACT Contract for general contracting services between Builder and Borrower. We are the Builder named above hired by Borrower to perform work under the Contract as part of the construction of the. Improvements on the Land, We acknowledge that you are making a loan the Loan to Borrower to finance construction of the Improvements We. consent to Borrower s assignment of the Contract and any subcontracts to you We agree that in the event of a default. by Borrower under the Contract or any of the Loan documents we shall at your request continue to perform under the. Contract provided that we are paid for all work labor and materials rendered at your written request We agree that you. have not assumed any of Borrower s obligations under the Contract You have no obligation or liability to us or any. obligation to pay for work done by us unless requested by you in writing. We certify to you that a we currently hold all licenses required to do business as a builder under the laws of the state in. which the Improvements are being made b the Contract is in full force and effect and has not been modified or. amended and there are no defaults and c we shall complete the work described in the Contract in accordance with the. plans and specifications, The officer executing this letter on behalf of the undersigned personally certifies that the undersigned builder has full. authority under all state and local laws and regulations to perform all of its obligations under the Contract. Very truly yours,Builder Signature,Builder Print Name. Name of Firm,C7115 replaces 2 05 state specific versions 03 07.
Project Review Form C,Checklist and Budgets,Borrower s Cell. Project Address,City State Zip,Builder Cell,Contact Name For Draws Cell. Loan Officer Cell,PACS Perm Loan Required,Project Review Checklist. Item When complete return this information to Chase Check Box. when completed,1 Signed Construction Contract all pages. Borrower and Builder must both sign contract amount must match total in cost breakdown. 2 Budget Cost Breakdown, Must match dollar amount in Construction Contract See samples attached Form C1 and C2.
3 Set of Plans, One full set of plans for construction and job specifications. 4 Building Permits, Submission of Building Permits to Chase if pre start activity has occurred Permits must be. 5 Pre paid information Form D, Refer to Form D improperly documented pre paids will not receive credit. 6 Builder s Letter Form B,Fully executed letter,C7171 1 03 07. Line Item Budget Form C1,Property Address, Square Footage Gross Living Space New Construction Remodel.
Line Description Amount Line Description Amount,1 Excavation 36 Plumbing Finish Labor. 2 Dirt Import Export 37 Hardware,3 Grading Rough 38 Cabinets. 4 Grading Finish 39 Flooring,5 Demolition 40 Ceramic Tile back splash. 6 Retaining Walls 41 Millwork,7 Equipment Rental 42 Mirrors. 8 Sewer Septic System 43 Countertops,9 Caissons Pilings 44 Appliances.
10 Footings Foundation Slab 45 Painting,11 Waterproofing 46 Temporary Facilities. 12 Lumber Rough 47 Insurance,13 Carpentry Rough 48 Supervision. 14 Structural Steel 49 Overhead, 15 Windows and Exterior Doors 50 Profit required on Cost Plus. 16 Trusses Material 51 Contingency,17 Trusses Labor 52 Ornamental Iron. 18 Plumbing Rough 53 Landscaping,19 Electrical Rough 54 Pool Spa.
20 Hardware Rough 55 Driveway,21 HVAC 56 Flat Work. 22 Ext Insulation Sheathing 57 Fences Walls and Gates. 23 Int Insulation Sheathing 58 Brick Stone,24 Drywall Plaster 59. 25 Interior Doors 60,26 Roofing 61,27 Siding Stucco Brick 62. 28 Garage Door 63,29 Fireplace 64,30 Sheet Metal Gutters 65. 31 Lumber Finish Material 66,32 Lumber Finish Labor 67.
33 Electrical Fixture 68,34 Electrical Finish Labor 69. 35 Plumbing Fixtures 70,Total Building Costs,Contracted Amount. Land Lot Cost,Builder Signature Date, Chase must locate certain items on all ground up construction projects These items are identified in bold. C7171 2 03 07,Six Stage Budget Form C2,New Construction Only. Property Address,Square Footage Gross Living Space.
Line Stage,Complete Complete Amount,Foundation 20,Mobilization permits 5. Site excavation complete 5,Footings foundation and slab in place 8. Underground plumbing in place 2,Rough Framing and Roof 20. Rough framing complete or cement block,and lintels in place 14. Trusses rafters set roof decked and,sheathing in place 3.
Roofing in place 3,Mechanical Systems 10,Rough plumbing and electrical complete 4. Rough HVAC complete 2,Windows and exterior doors installed 4. Rough Finish 15,Interior plastering and or drywall complete 7. Exterior siding stuccos or brick complete 8,Construction Complete 25. All painting interior and exterior complete 5,All cabinets and countertops installed 6.
All major bathroom fixtures installed 3,All electrical trim and fixtures installed 3. Trim complete and interior doors hung 5,Finish HVAC installed 3. Final Disbursement upon C of O 10,All floors floor coverings tile shower. enclosures complete 4,All appliances and garage doors installed 3. All driveways walks landscaping complete 3,Total Building Costs.
Contracted Amount,Land Lot Cost,Builder Signature Date. C7171 3 03 07,Pre paid Accounting Worksheet Form D. Borrower s Date,Project Address, Pre paids Applied to the Contract Costs paid by the borrower s prior to the loan closing that are accounted for in the construction. contract and budget for which the borrower s has requested equity credit If the borrower s has requested cash back for pre. paids they cannot also receive equity credit, Budget Line Budget Prepaid Amount Type of Verification. Number Amount A Amount B Remaining A B, Pre paids Outside the Contract Costs paid by the borrower s prior to the loan closing that are not accounted for in the.
construction contract and budget i e architectural costs permits etc for which the borrower s has requested equity credit If the. borrower s has requested cash back for pre paids they cannot also receive equity credit. Description Cost Prepaid Amount Remaining Type of Verification. Amount A Amount B A B, Budget Line Number The budget line from which the prepaid credit is being requested. Description Description of the outside of contract cost. Budget Amount The total budget line amount, Cost Amount The total amount of the outside of contract cost. Pre paid Amount The pre paid credit being requested against the budget or cost amount NOTE The prepaid amount cannot. exceed the budget or cost amount, Amount Remaining The total remaining funds after pre paids are credited Budget Cost Amount A Pre paid Amount B. Amount Remaining C,Type of Verification, Pre paids applied to contract Invoices must be provided that correspond with the budget amount In addition to. invoices provide one of the following documenting the payment of prepaid items Canceled checks front and. back bank statement paid receipts or unconditional lien releases. Pre paids outside the contract Invoices must be provided that correspond with the budget amount In addition. to invoices provide one of the following documenting the payment of prepaid items Canceled checks front and. back bank statement paid invoices or unconditional lien releases. C7172 03 07,Draw Request Form E, Date Check if this is the Draw at Close Check if this is the Final Draw.
Contractor,Property Address,City State Zip Code,Draw Schedule. Application is made for payment as shown below in connection with the contract. Line Number Payee Amount,TOTAL in the amount of,Contractor Signature Date. By signing Contractor hereby certifies to Chase that the work set forth in the above request has been completed in. accordance with the plans and specifications for the project and meets code and all other guidelines established by the. governing municipality The above signed further warrants that the costs requisitioned for work on previous draws have. Borrower Signature Date, By signing above Borrower s hereby certifies to Chase that the work and materials set forth above have been thoroughly. reviewed by Borrower s and are acceptable to Borrower s the work and material on site have been satisfactorily. completed and or supplied and all suppliers and subcontractors have been paid for work and materials currently in place or. on site with the exception of work and materials which are the subject of this draw request Borrower s hereby approves. this draw request for funding by Chase Any notices preliminary notices lien claims or any additional documents which. Borrower s has received which are related to any claims associated with to construction have been included with current or. prior draw requests, Please note request will be delayed if the appropriate draw procedures are not followed. C7173 4 06,TEXAS ONLY Form E2,Lender s Disclosure Statement.
Contractor s Disbursement Statement,Property Code 53 258 b 1 and 2. Texas state law requires that the general contractor provide a List of Subcontractors Suppliers who will be paid with the funds. from the current draw List all Subcontractors and Suppliers to be paid with the funds from this draw. THIS LIST OF SUBCONTRACTORS AND SUPPLIERS MAY NOT BE A FINAL LISTING. THE CONTRACTOR IS REQUIRED BY LAW TO SUPPLY UPDATED INFORMATION AS. THE INFORMATION BECOMES AVAILABLE FOR EACH SUBCONTRACTOR OR. SUPPLIER USED IN THE WORK PERFORMED ON YOUR RESIDENCE. LIST OF SUBCONTRACTORS AND SUPPLIERS,Subcontractor or Supplier Name Address. Acknowledgement of Receipt, Lender s Disclosure Statement Contractor s Disbursement. Contractor Signature Date,Borrower Signature Date, This form must be accompanied by the Draw Request Form E. Per Texas Property Code 53 258 d the lender is not responsible for the accuracy of the information contained in the. disbursement statement obtained from the original contractor. C7179 4 06,Bank Account Wire Authorization Form F,Branch Office Name.
Loan Officer Name,Borrower Loan,Disbursement Authorization. I We print borrower s full name s, hereby authorize Chase to disburse the proceeds of my our loan in total amount by the manner outlined below By signing. below I we hereby indemnify and hold harmless Chase from any and all liability action and problems which may arise as a. result of and or in connection with Chase making each disbursement wire transfer payable solely to the entity chosen below. Disbursement Wire Transfer Instructions, Construction disbursements are to be made from time to time based upon properly documented and authorized disbursement. requests in the following manner via wire transfer to the following bank account which has been accurately verified with. receiving financial institution, Select and check one option then complete wire transfer instructions below. Disburse Funds to Contractor Disburse Funds to Escrow Agent. Disburse Funds to Title Company Disburse Funds to Borrower. Wire Transfer ABA 9 Digit wire transfer,bank routing number.
Account Number Account Name,If applicable Further Credit Account Number. Further Credit Account Name,Bank Address City,State Zip Phone. Signatures,Borrower Print Name,Borrower Signature Date. Co Borrower Print Name,Co Borrower Signature Date,Printed Rep Name of. Company Receiving Funds,Rep Signature of,Company Receiving Funds Date.
C7174 4 06,Request for Line Item Transfer Form I,Borrower Date. Please transfer as follows,Line Item Number Amount Line Item Number Amount. Total Out Total In,Note Out and In totals must Equal. Item transfers may be subject to evidence of savings i e copies of subcontracts for all trade line items being. reduced and copies of quotes from supplies for all material line items being reduced must accompany this request. Contractor Date,Borrower if Cost Plus Contract Date. Form I Request for Line Item Transfer must be accompanied by a fully completed Form E Draw Request. For Official Use Only,System Entry Made By System Entry Date.

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