Current Blocked States and Countries
Current debit card blocked list
- Belarus
- Brazil
- Cameroon
- Congo
- Cote D’Ivoire
- Cuba
- Islamic Republic of Iran
- North Korea – Democratic People’s Republic of Korea
- Lebanon
- Liberia
- Nigeria
- Somalia
- Sudan
- Syrian Arab Republic
- Zimbabwe
If your country is added in this list, you won’t apply for a construction loan. If not, you are welcome to get acquainted with a construction loan checklist below.
Acquisition
- Agreement of Sale or Settlement Sheet/Closing Statement
- Details of seller financing, if any
- Title report, copy of deed (if available)
Project Overview
- Location Map
- Site Plan
- Property Description
- Projected Rent Roll
- Projected Operating Expense
- Photographs/Aerials
- Plans and Specifications
- Market Study, if available
- Appraisal, if available
- Demographics
- Lease Abstracts
- Tenant Information for Major Tenants: name of tenant and type of business, credit Rating and Financial Information
- Phase I Environmental Assessment (if available)
Approvals
- Development Approvals
- Site Plan Approval
- Public Water and Sewer Approvals
Site Improvements
- Land Improvement Cost Estimates
- Township Development Agreements
- Township Financial Security Agreement (Set-A-Side, Letter of Credit, Bond)
Project Hard and Soft Costs
- Line item cost breakdown
- Estimated soft costs (overhead, advertising, architect, engineering, legal, etc.)
- General construction contract
- General contractor resume and financial statements
Sponsorship/Borrower
- Type of entity (i.e., LLC, Corporation, partnership, etc.)
- Principals
- Resumes and References
- Financial Statements
This checklist may vary depending on the chosen banking department.