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Multifamily Housing Bond Credit Enhancement Program Document Checklist

Preliminary Underwriting Package
Standard Delivery

(Revised 4/2006)
(Please see referenced Multifamily Seller/Servicer Guide sections for a full description of each item listed)

Guide Section  
Description
 
28.4(a)   Mortgage transaction narrative analysis [Must include characteristics of the
proposed Mortgage (including risk factors and Seller’s recommendation);
descriptions of the Property, the Borrower and the property manager;
Property’s financial analysis; evaluation of balloon risk; surrounding
property uses and condition with neighboring facilities; market analysis;
history of the Borrower’s equity; loan history if there is an existing Mortgage;
proposed sources and uses of funds; tenancy characteristics; and
cash equity at risk] [See Section 28.3(h)]
28.4(b)   Bond transaction summary [See Section 28.3(i)]
28.4(c)   Certified rent schedule, dated within 30 days of package submission
[See Section 28.3(j)]
28.4(d)   Certified historical property financial statements [See Section 28.3(f)]
28.4(e)   Certified current property financial statements, dated within 30 days of package
submission [See Section 28.3(f)]
28.4(f)   Seller’s pro forma property financial statements [See Section 28.3(f)]
28.4(g)   Photographs
28.4(h)   Maps
28.4(i)   Legal fees and expenses certification [See Section 28.14(d)]
28.4(j)   Request for approval of shared facilities, if applicable, including analysis and
recommendation (See Section 8.9)
28.4(k)   Additional documentation:
    ______________________________________
    ______________________________________
    ______________________________________
    ______________________________________
 
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