Portfolio Centralization
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Source Reconciliation
Drop your
loan agreement
CONSTRUCTION LOAN AGREEMENT
EXAMPLE TERRACE APARTMENTS LLC
in the principal amount of $100,000,000, subject to a maximum loan-to-cost ratio of 55%, bearing interest at a floating rate equal to SOFR plus the Applicable Margin, as further set forth herein.
Dated as of April 27, 2023
PDF
LoanAgreement.pdf
LoanAgreement.pdf
$100MLoan Amount
55%LTC Ratio
FloatingRate Type
Updating Actuals
- Reconciling effective gross income to the source
- Matching net operating income across every month
- Verifying net income and below-the-line items
- Tying out each income-statement line item to its source
- Reconciling rent-roll charge codes to the source
- Checking unit status, occupancy, and report totals
- Reconciling the draw budget, sources, and uses
- Cross-checking loan terms, guarantees, and covenants
- Confirming every extracted figure ties to its document
- Reconciling effective gross income to the source
- Matching net operating income across every month
- Verifying net income and below-the-line items
- Tying out each income-statement line item to its source
- Reconciling rent-roll charge codes to the source
- Checking unit status, occupancy, and report totals
- Reconciling the draw budget, sources, and uses
- Cross-checking loan terms, guarantees, and covenants
- Confirming every extracted figure ties to its document
