Checklist Report

Exported on 11/11/2022

NAME DUE DATE STATUS TASK COMMENTS

Underwriting

1-1 A. Application Fee Pay.gov Receipt INCOMPLETE Upload Files

To be wired to MCC prior to HUD Application
Submission. MCC will send an invoice to Borrower.
Borrower | Principal

1-1 A. Application Fee Pay.gov Receipt INCOMPLETE Upload Files

PayGov
Lender

1-1 B. Transmittal Letter INCOMPLETE Upload Files

TrsLtr
Lender

1-1 B. 1. Contact List INCOMPLETE Upload Files

MCC completed as best as possible, please provide
any missing information and/or corrections.
ASAP | Borrower

1-1 C. Completed Application Exhibit Checklist INCOMPLETE Upload Files

Chklst
Lender

1-2 A. HUD-92013-B Lender's Underwriter's Narrative INCOMPLETE Upload Files

LndrNarr
Lender

1-2 A. HUD-92013-B Lender's Underwriter's Narrative INCOMPLETE Upload Files

LndrNarr
Lender

1-2 B. Lender Due Diligence Certification INCOMPLETE Upload Files

LndrCert
Lender
NAME DUE DATE STATUS TASK COMMENTS

1-2 C. Lender Certification Regarding Lobbying (24 CFR INCOMPLETE Upload Files
Part 87 Appendix A), and Disclosure Form (Appendix
B), if applicable
LndrByrdCert
Lender

1-2 D. Lender Identity-of-Interest Disclosure INCOMPLETE Upload Files

IOIDiscl
Lender

1-2 D. 1. Lender Identity of Interest - HUD Approval(s) INCOMPLETE Upload Files

HUDAppr
Lender

1-2 E. HUD-92013-C FHA Summary Report (Excel), if INCOMPLETE Upload Files

new LIHTCs
FHARpt
Lender

1-3 A. HUD-92013 Application for Multifamily Housing INCOMPLETE Upload Files

Project
92013
Lender

1-3 B. HUD-92013-D Reduced MIP certification INCOMPLETE Upload Files

92013D
Lender

1-3 C. HUD-92264 Multifamily Summary Appraisal INCOMPLETE Upload Files

Report (Lender's Version)
Lndr92264
Lender

1-3 C. 1. Operating Deficit Calculation INCOMPLETE Upload Files

IODCalc
Lender

1-3 C. 2. List of Borrower's Other Fees INCOMPLETE Upload Files

OtherFee
Lender

1-3 C. 3. List of Contractor's Other Fees INCOMPLETE Upload Files

GCOtherFee
Lender

1-3 D. HUD-92264-A Supplement to Project Analysis INCOMPLETE Upload Files

92264A
Lender
NAME DUE DATE STATUS TASK COMMENTS

1-4 B. Supporting Documentation INCOMPLETE Upload Files

HUD2Doc
Lender

1-4 C. If Section 220, evidence of eligibility INCOMPLETE Upload Files

220Elig
Lender

3rd Party

2-0 Copies of Previous/Existing Third Party Due INCOMPLETE Upload Files

Diligence Reports
Copy of previous Appraisal and/or Market Study, if any
ASAP | Borrower

2-0 Copies of Previous/Existing Third Party Due INCOMPLETE Upload Files

Diligence Reports
Copy of previous Property Condition Report (PCNA), if
any
ASAP | Borrower

2-0 Copies of Previous/Existing Third Party Due INCOMPLETE Upload Files

Diligence Reports
Including Mold, LBP and Asbestos O&M's and
GeoTechnical Soils reports.
ASAP | Borrower

2-0 Copies of Previous/Existing Third Party Due INCOMPLETE Upload Files

Diligence Reports
Copy of previous Seismic reports, if any
ASAP | Borrower

2-1 Appraisal Report with Supporting Forms INCOMPLETE Upload Files

(HUD-92273 & 92274) (Appraiser's version)
Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-1 Appraisal Report with Supporting Forms INCOMPLETE Upload Files

(HUD-92273 & 92274) (Appraiser's version)
Appraisal
Lender

2-1 A. HUD-92264-T Rent Estimates for Low/Moderate INCOMPLETE Upload Files

Income Units, if applicable
92264T
Lender
NAME DUE DATE STATUS TASK COMMENTS

2-2 Market Study INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-2 Market Study INCOMPLETE Upload Files

MktRpt
Lender

2-3 A. HUD Environmental Review Online System INCOMPLETE Upload Files

(HEROS) Submission Confirmation Email
HEROS
Lender

2-3 B. Phase I Environmental Site Assessment (ESA) INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-3 B. Phase I Environmental Site Assessment (ESA) INCOMPLETE Upload Files

PhaseI
Lender

2-3 C. Phase II ESA, if applicable INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-3 C. Phase II ESA, if applicable INCOMPLETE Upload Files

PhaseII
Lender

2-4 Capital Needs Assessment (CNA) INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-4 Capital Needs Assessment (CNA) INCOMPLETE Upload Files

PCNA
Lender

2-4 A. CNA e-Tool Submission Confirmation E-Mail INCOMPLETE Upload Files

eTool
Lender
NAME DUE DATE STATUS TASK COMMENTS

2-4 B. Relocation Plan, if applicable INCOMPLETE Upload Files

Required anytime there are in-unit repairs (even if
tenant displacement is not anticipated - i.e. how will
the Developer arrange for being in the unit when a
renter is home). Include any associated projected
expenses.
Borrower

2-5 Architectural & Cost Analysis Report INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-5 Architectural & Cost Analysis Report INCOMPLETE Upload Files

ArchCostRpt
Lender

2-5 Energy Benchmarking Report INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-5 Energy Benchmarking Report INCOMPLETE Upload Files

Energy Benchmarking Report
Lender

2-6 A. Flood Zone Certification INCOMPLETE Upload Files

Flood
Lender

2-6 B. Lead Based Paint Survey and/or O&M INCOMPLETE Upload Files
Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-6 B. Lead Based Paint Survey and/or O&M INCOMPLETE Upload Files
LBP
Lender

2-6 C. Asbestos Survey(s) and/or O&M INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-6 C. Asbestos Survey(s) and/or O&M INCOMPLETE Upload Files

Asbst
Lender
NAME DUE DATE STATUS TASK COMMENTS

2-6 D. Radon Survey and/or O&M INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-6 D. Radon Survey and/or O&M INCOMPLETE Upload Files

Rdn
Lender

2-6 E. Seismic Report INCOMPLETE Upload Files

Due date reflects date draft report is due from the
vendor. No action required from Borrower.
Borrower

2-6 E. Seismic Report INCOMPLETE Upload Files

Seism
Lender

2-6 F. Other INCOMPLETE Upload Files

Other
Lender

Management Agent

3-1 Organizational Chart (only if Identity-of-Interest) INCOMPLETE Upload Files

For the management company, showing detailed
ownership levels for all entities/individuals including
roles and percentages of ownership.
Prior to HUD App Submission | Borrower

3-2 A. Resume of Management Agent including INCOMPLETE Upload Files

Schedule of Managed Properties
Management Company Resume
Borrower

3-2 A. Resume of Management Agent including INCOMPLETE Upload Files

Schedule of Managed Properties
Please identify which properties are HUD insured and/
or subsidized. You may provide your own form or
utilize the template provided.
Borrower

3-2 B. HUD-9832 Management Entity Profile INCOMPLETE Upload Files

Management Entity Profile (HUD Form 9832)
Borrower

3-2 C. HUD-9839-A, B, or C Certifications INCOMPLETE Upload Files

HUD 9839 A, B or C, as applicable
Borrower
NAME DUE DATE STATUS TASK COMMENTS

3-2 D. Management Plans and Sample Lease INCOMPLETE Upload Files

Please provide your existing plan or you may use the
template provided. Please include your policies and
procedures, including resident complaint resolutions.
Borrower

3-2 D. Management Plans and Sample Lease INCOMPLETE Upload Files

Provide a sample lease that will be used at the
property.
Borrower

3-2 E. Management Agreement INCOMPLETE Upload Files

Please include the executed Certification.
Borrower

3-2 F. Evidence of Fidelity Bond insurance INCOMPLETE Upload Files

Copy of current insurance certificate. Coverage must
name MCC and HUD as an additional loss payee and
coverage must be for at least 2 months' gross potential
income at closing. For submission, a copy of the
current Acord is sufficient, with a final to be provided
for closing.
Borrower

3-2 G. HUD-935.2A Affirmative Fair Housing Marketing INCOMPLETE Upload Files

Plan (AFHMP)
Affirmative Fair Housing Marketing Plan, Form
HUD-935.2A, may be used for the marketing plan
requirement. The plan must discuss when marketing
efforts will begin, when the leasing office and model
units will open, how the leasing office will be staffed,
and the project’s marketing and advertising strategy.
The plan must address timing of the construction
progress schedule with respect to egress and ingress
into the project, landscaping and access to amenities.
These items are in addition to those required by the
Affirmative Fair Housing Marketing Plan.
Prior to HUD App Submission | Borrower

3-3 Miscellaneous/other management document INCOMPLETE Upload Files

MiscMgmt
Lender

3-3 A. List of Onsite Staff INCOMPLETE Upload Files

Please provide the proposed payroll.
Borrower

Property Documents
NAME DUE DATE STATUS TASK COMMENTS

4-1 A. 1. Purchase & Sale Agreement with INCOMPLETE Upload Files

Amendments and Extensions
Required for Acquisitions and properties purchased in
the last 3 years.
Borrower

4-1 B. 1. Purchase Contract or Settlement Statement INCOMPLETE Upload Files

RecntPrch
Borrower

4-1 B. 2. Last Arm's Length Certification INCOMPLETE Upload Files

Required for Acquisitions and properties purchased in
the last 3 years.
Borrower

4-1 C. Certification of Outstanding Obligations/Existing INCOMPLETE Upload Files

Indebtedness
Including supplemental/subordinate loans, grants, etc.
Borrower

4-2 A. Preliminary Title Report INCOMPLETE Upload Files

Please provide current Title commitment dated within
6 months of submission. Title Requirements attached.
ASAP | Borrower

4-2 B. Easement and Maintenance Agreements INCOMPLETE Upload Files

(Existing and Proposed)
MCC will pull existing from the Title exception
documents. Please provide any proposed Agreements
that are not yet recorded.
Borrower

4-2 C. ALTA/ACSM Land Title Survey INCOMPLETE Upload Files

Please provide a copy of the existing Survey. Upon
review, MCC will advise if an updated Survey will be
needed prior to submission. Please note that the final,
updated Survey must be dated, signed and sealed
within 180 days of closing. Survey requirements and
forms attached.
ASAP | Borrower

4-2 D. HUD-91073M Surveyor's Report INCOMPLETE Upload Files

SurvRpt
ASAP | Borrower

4-2 E. Location Maps and Photographs INCOMPLETE Upload Files

MapPhoto
Lender
NAME DUE DATE STATUS TASK COMMENTS

4-2 F. Preliminary Title and Survey Legal Review INCOMPLETE Upload Files
ALTA.Ltr
Lender

4-3 Evidence of Site Control (e.g. Deed, Lease) INCOMPLETE Upload Files
Such as the Warranty Deed, etc. If Title Commitment is
provided with exception documents, we can pull from
that paperwork.
Borrower

4-4 Evidence of Zoning Compliance INCOMPLETE Upload Files

Zoning Report
Lender

4-4 A. Zoning Letter INCOMPLETE Upload Files

MCC will order a zoning report that will obtain current
zoning, code compliance and CO's. If you have any of
this information on hand, please provide. If not, please
confirm.
ASAP | Borrower

4-4 B. Open Building Code Compliance/Violations INCOMPLETE Upload Files

MCC will order a zoning report that will obtain current
zoning, code compliance and CO's. If you have any of
this information on hand, please provide. If not, please
confirm.
ASAP | Borrower

4-4 C. Certificate(s) of Occupancy INCOMPLETE Upload Files

MCC will order a zoning report that will obtain current
zoning, code compliance and CO's. If you have any of
this information on hand, please provide. If not, please
confirm.
ASAP | Borrower

4-4 D. Most Recent Local, City and/or State Inspection INCOMPLETE Upload Files
Report(s)
Any state, city, local, fire, equipment reports, etc. -
these do not necessarily occur annually.
Borrower

4-5 A. Electricity INCOMPLETE Upload Files

Utility Assurance Letter - Electric
Prior to HUD App Submission | Borrower

4-5 B. Natural Gas or Oil INCOMPLETE Upload Files

Utility Assurance Letter - Gas
Prior to HUD App Submission | Borrower
NAME DUE DATE STATUS TASK COMMENTS

4-5 C. Telephone INCOMPLETE Upload Files

Utility Assurance Letter - Phone
Prior to HUD App Submission | Borrower

4-5 D. Cable Television INCOMPLETE Upload Files

Utility Assurance Letter - Cable
Prior to HUD App Submission | Borrower

4-5 E. Internet INCOMPLETE Upload Files

Utility Assurance Letter - Internet
Prior to HUD App Submission | Borrower

4-5 F. Water and Sewer Service, or Report from Official INCOMPLETE Upload Files
if Private Water/Sewer
Utility Assurance Letter - Water and Sewer Service
Prior to HUD App Submission | Borrower

4-5 G. Garbage Collection INCOMPLETE Upload Files

Utility Assurance Letter - Trash
Prior to HUD App Submission | Borrower

4-5 H. Storm Sewer INCOMPLETE Upload Files

Utility Assurance Letter - Storm Sewer
Prior to HUD App Submission | Borrower

4-6 A. Section 8 HAP Contract and Rent Schedule INCOMPLETE Upload Files
Include a copy of the proposed new rents if you will be
doing a mark up to market.
Borrower

4-6 A. Section 8 HAP Contract and Rent Schedule INCOMPLETE Upload Files
Evidence of current unit rents approved by HUD or HAP
Borrower

4-6 A. 1. Rent Comparability Study INCOMPLETE Upload Files

Required for properties doing a mark-up to market.
Please discuss with Lender prior to engaging a RCS as
we may be able to use the same vendor for other
reports.
Borrower

4-6 A. 2. HAP Contract Renewal Request INCOMPLETE Upload Files

HAP.Rnw
Borrower

4-6 A. 3. Commitment to Housing Assistance INCOMPLETE Upload Files

Payments (CHAP)
RAD deals only
Borrower
NAME DUE DATE STATUS TASK COMMENTS

4-6 B. Evidence of Real Estate Tax Abatement/ INCOMPLETE Upload Files

Exemption
Provide Tax Abatement/PILOT Agreement, including
amount of annual tax to be paid, term and other reps.
Borrower

4-6 C. Commercial Lease(s) INCOMPLETE Upload Files

Please provide copies of all commercial and laundry
leases (hair, coin-op laundry, etc.) or planned leases. If
there are none, please confirm in writing. Please note
that leases are subject to SNDA and/or Estoppel by
HUD/Lender.
Borrower

4-6 D. Master Lease INCOMPLETE Upload Files

If Applicable
Borrower

4-6 E. Other Property Documents INCOMPLETE Upload Files

MiscProp
Lender

4-6 E. 1. Ground Lease INCOMPLETE Upload Files

Ground / Land Lease with all amendments
Borrower

4-6 E. 2. Occupancy History INCOMPLETE Upload Files

Quarterly Occupancy History for last 3 years plus YTD
Borrower

4-6 E. 3. Pay-off statement for each obligation INCOMPLETE Upload Files

Please notify all existing Lenders of impending payoff
within their required timeframe (refer to your existing
Note). If your existing debt is HUD insured/held (MCC
is not the Lender), please notify your Lender to request
9807 approval.
Prior to HUD App Submission | Borrower

4-6 E. 4. Rent Roll(s) INCOMPLETE Upload Files

Please provide trailing 3 month rent rolls and continue
sending monthly through submission to HUD. Please
note that an updated rent roll will be required within 30
days of closing, as well.
Borrower
NAME DUE DATE STATUS TASK COMMENTS

4-6 E. 5. Certification of Compliance with the Fair INCOMPLETE Upload Files

Housing Act
In support of the certification, the borrower must
provide the governing age restriction documents and
management documents indicating the property
complies with the 55+ Exemption. Governing age
restriction documents include use agreements, bond
documents, tax credit qualified allocation plan and
application documents, and zoning documents, as
applicable.
Prior to HUD App Submission | Borrower

4-6 F. Current Insurance Bill INCOMPLETE Upload Files

Copy of Most Recent Insurance Invoice/Paid Receipt
Borrower

4-6 G. Current Property Tax Bill INCOMPLETE Upload Files

Copy of current real estate tax statement(s)
Borrower

4-6 H. Chart of Accounts INCOMPLETE Upload Files

ChrtAcct
Borrower

4-7 Condominium Documentation INCOMPLETE Upload Files

If Applicable
Borrower

4-7 Cooperative Documentation INCOMPLETE Upload Files

If Applicable
Borrower

4-7 Interest Reduction Payment ("IRP") Agreement INCOMPLETE Upload Files

If Applicable
Borrower

Mortgage Credit Borrower - ACME Mortgagor LLC

Shared Users - ACME Mortgagor LLC

5-1 Organizational Chart INCOMPLETE Upload Files

Please provide the post-closing organizational chart
showing detailed ownership levels for all entities/
individuals, including roles and percentages of
ownership.
ASAP | Borrower

5-1 A. List of Principals INCOMPLETE Upload Files

Princpal
Lender
NAME DUE DATE STATUS TASK COMMENTS

5-1 B. Resume INCOMPLETE Upload Files

Resume
Lender

5-2 A. Article of Incorporation/Organization, INCOMPLETE Upload Files

Partnership Agreement, or Operating Agreement
Please provide organizational documents including
any/all amendments. If changes to the current
organizational structure are anticipated, please provide
draft copies for review.
Prior to HUD App Submission | Borrower

5-3 A. Active Partners Performance System (APPS) INCOMPLETE Upload Files

Submission or Form HUD-2530
*MCC encourages the use of the online APPS process
due to timing delays with HUD when utilizing paper
filing. See "APPS Industry User Guide" for APPS
tutorial. We can also refer you to a consultant for
assistance if requested. Please note that an electronic
filing through the APPS system cannot be done until
MCC provides you with the FHA #.*If paper filing is
necessary, instructions are on the 2530 Form provided.
Borrower

5-4 A. Credit Report INCOMPLETE Upload Files

CrdtRpt
Lender

5-4 B. HUD-92013-Supp Supplement to Application INCOMPLETE Upload Files

Please answer the 4 questions at the bottom of the
form and sign.
Borrower

5-4 C. Verification of EIN/SSN INCOMPLETE Upload Files

Please complete a W9 for Borrower verification of EIN.
This will be kept on file for Servicing purposes, as well.
If the Borrower is a Non-Profit, please also provide the
IRS Verification of Tax Exempt status form.
Prior to HUD App Submission | Borrower

5-4 D. Verification of Cash to Close INCOMPLETE Upload Files

VOD
Lender

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
If the statement is not audited, a CPA or IPA “reviewed”
statement is required.
Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
Financial Statement - FYE 2019
Borrower

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
Financial Statement - FYE 2018
Borrower

5-5 B. Certified YTD Financial Statement, if required INCOMPLETE Upload Files

Dated within 90 days of HUD submission.
Borrower

5-5 C. CPA Review of most recent unaudited Financial INCOMPLETE Upload Files
Statements, if required
CPARvw
Lender

5-5 D. Operating Budget INCOMPLETE Upload Files

Operating Budget
Borrower

5-6 HUD-91070M Consolidated Borrower Certifications INCOMPLETE Upload Files

Please complete in full and be sure to initial each page
as well as execute the signature page.
Prior to HUD App Submission | Borrower

5-7 A. Commitment Letter(s) INCOMPLETE Upload Files

Please provide the Letter of Intent if the Commitment
is not available.
Borrower

5-7 B. Tax Credit Equity Pay-In Schedule INCOMPLETE Upload Files

If not included in the Commitment/Letter of Intent.
Borrower

5-7 C. Executed Tax Credit Reservation Letter INCOMPLETE Upload Files

Please advise if not yet available and the anticipated
timing for application.
Borrower

5-7 D. Sources and Uses Statement INCOMPLETE Upload Files

Preliminary Source and Use Statement
Borrower

5-7 E. HUD-2880 Applicant/Recipient Disclosure Report INCOMPLETE Upload Files

2880
Lender
NAME DUE DATE STATUS TASK COMMENTS

5-7 F. Bridge Loan Agreement(s) INCOMPLETE Upload Files

If Applicable. If not available, please provide the terms.
Borrower

5-7 G. Subsidy Layering Review, if required INCOMPLETE Upload Files

SLR
Lender

5-7 H. Bond Terms INCOMPLETE Upload Files

If Applicable
Borrower

5-7 I. Bond Documents INCOMPLETE Upload Files

If Applicable
Prior to HUD App Submission | Borrower

5-8 Miscellaneous/other mortgage credit documents INCOMPLETE Upload Files

MiscMC
Borrower

5-8 A. Master Certification INCOMPLETE Upload Files

Form to be provided upon receipt of final financials and
rent roll(s) for submission to HUD.
Prior to HUD App Submission | Borrower

5-8 B. Supplemental Operating Statement (3 Year Rule) INCOMPLETE Upload Files

An operating statement commencing from initial
occupancy to HUD submission as well as an operating
statement proforma for the succeeding 12 months.
Borrower

5-9 A. Housing Consultant Contract and Resume INCOMPLETE Upload Files

If Applicable
Borrower

5-9 B. Narrative Explanation of Motivation for Project INCOMPLETE Upload Files

Motivation Narrative
Borrower

5-9 C. Developer's Agreement INCOMPLETE Upload Files

Showing the relationship and work responsibilities of
all parties to the transaction.
Prior to HUD App Submission | Borrower

5-10 Authorization to Release Credit Information INCOMPLETE Upload Files

Credit Auth
Borrower

Principal - pete p
NAME DUE DATE STATUS TASK COMMENTS
Shared Users - pete p, vlim+borrower

5-1 B. Resumes INCOMPLETE Upload Files

For entity Principals: Please provide a short resume/
bio for this entity, if one is unavailable, one for the
parent/umbrella company will suffice.
Borrower

5-2 A. Article of Incorporation/Organization, INCOMPLETE Upload Files

Partnership Agreement, or Operating Agreement
Please provide full organizational documents including
all/any amendments.
Prior to HUD App Submission | Borrower

5-4 A. 1. Authorization to Release Credit Information INCOMPLETE Upload Files

Credit Auth
Borrower

5-4 B. HUD-92013-Supp Supplement to Application INCOMPLETE Upload Files

Please answer the 4 questions at the bottom of the
form and sign.
Borrower

5-4 C. Verification of EIN/SSN INCOMPLETE Upload Files

Please provide the IRS Determination Letter, W-9 or
Front Page of Tax Return for an Entity. Individuals can
provide a copy of their SSN card or Front Page of Tax
Return.
Prior to HUD App Submission | Borrower

5-5 A. Audited/Certified Financial Statements (or CPA- INCOMPLETE Upload Files

Reviewed, if unaudited) Financial Statements (most
recent full year) or HUD_92417 for individuals
For Individuals: Current Financials are required ONLY,
please complete HUD Form 92417 OR Provide PFS in
your own format with a completed Master Certification
inclusive of each statement. For NonProfits: Please
provide financials in the non-profits name or the parent
company's financials, whichever are available/
prepared. Please see attached financial statement
requirements, including a list of HUD required
schedules.
Borrower

5-5 B. Certified YTD Financial Statement, if required INCOMPLETE Upload Files

Dated within 90 days of HUD submission.
Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-5 C. REO Schedule & Schedule of Mortgage Debt INCOMPLETE Upload Files
Please note that there are two tabs for completion.
Also, note that a resolution plan is required for all debt
maturing within 5 years, for occupancies less than 85%
or DSCR's below 1.0. UW will review and finalize with
the Client. For NonProfits: Please provide for the non-
profits or the parent company, whichever are available/
prepared
Borrower

5-5 D. Other Business Concerns INCOMPLETE Upload Files

BusConcerns
Borrower

5-6 A. Master Certification INCOMPLETE Upload Files

Form to be provided upon receipt of final financials and
SREO for submission to HUD.
Prior to HUD App Submission | Borrower

Construction and Architectural Documents

6-1 A. Plans (PDF) INCOMPLETE Upload Files

Please provide a draft set that is substantially
complete with minimal changes expected (i.e. 50%
Construction Documents). Merchants Capital needs for
the Arch/Cost report. Please note that any changes
made from the submitted set to the final set will need
to be documented and approved. Please provide
electronically and in 11x17 hard copies prior to
submission.
Borrower

6-1 A. Plans (PDF) INCOMPLETE Upload Files

Please provide the signed/sealed copy that is "For
Construction Use."
Prior to Closing | Borrower

6-1 B. Specification Manual INCOMPLETE Upload Files

Draft version
Borrower

6-1 B. Specification Manual INCOMPLETE Upload Files

Final version
Prior to Closing | Borrower

6-2 State, City, or County Approval of Plans, if available INCOMPLETE Upload Files
PlnApprvl
Prior to HUD App Submission | Borrower
NAME DUE DATE STATUS TASK COMMENTS

6-3 Soils Report and Foundation Analysis INCOMPLETE Upload Files

SoilRpt
Prior to HUD App Submission | Borrower

6-4 A. HUD-2328 Contractor's Cost Breakdown INCOMPLETE Upload Files

2328
Borrower

6-4 B. Identity-of-Interest Disclosure and 50/75% Rule INCOMPLETE Upload Files

Disclosure
50/75% Rule Disclosure
Prior to HUD App Submission | Borrower

6-4 B. Identity-of-Interest Disclosure and 50/75% Rule INCOMPLETE Upload Files

Disclosure
Disclosure of an Identity of Interest between Owner,
Contractor, Subcontractors or Architect. If there is
none, please put N/A, execute and return.
Borrower

6-5 Furniture, Fixtures & Equipment Schedule and INCOMPLETE Upload Files
Budget
FFE
Lender

6-6 Early Commencement Documents INCOMPLETE Upload Files

Please advise MCC right away if wanting an early start.
Additional checklist items will be provided if an early
start is approved by HUD. Note that HUD will not
contemplate an early start until after they have issued
the Firm Commitment.
Prior to HUD App Submission | Borrower

6-7 Assurance of Completion - Surety Letter or Bank INCOMPLETE Upload Files

Letter of Credit
Surety Letter OR Letter of Credit
Borrower

6-7 A. Commitment Letter from Surety INCOMPLETE Upload Files

SuretyLtr
Lender

6-7 B. Commitment Letter from Bank for Letter of INCOMPLETE Upload Files
Credit
LOCCmt
Lender

6-8 A. Project Architect INCOMPLETE Upload Files

B108 Owner/Architect Agreement
Prior to HUD App Submission | Borrower
NAME DUE DATE STATUS TASK COMMENTS

6-8 B. Supervisory Architect INCOMPLETE Upload Files

SupvB108
Prior to HUD App Submission | Borrower

6-9 A. Off-site Storage of Approved Building Materials INCOMPLETE Upload Files

OffSiteStg
Prior to HUD App Submission | Borrower

6-9 B. Off-site Improvements/Construction INCOMPLETE Upload Files

Off site improvements are those required to service the
project but are completed outside of the property
boundaries. These may be included in the plans/specs,
but the extent must be clearly defined within said
plans/specs. Include utilities, walks, curbs, gutters,
streets, drainage structures, landscaping and similar
improvements completed beyond the property line.
Please advise if off site improvements are separate or
included within the plans/specs.
Borrower

6-10 Design Architect Certification INCOMPLETE Upload Files

DsgnArchCert
Prior to HUD App Submission | Borrower

6-11 A. Construction Progress Schedule INCOMPLETE Upload Files

5372
Borrower

6-11 B. 1. General Contractor License INCOMPLETE Upload Files

Licns
Borrower

6-11 B. 2. Architect Licenses INCOMPLETE Upload Files

Licns
Borrower

6-11 C. GC - Work in Progress INCOMPLETE Upload Files

WIP
Borrower

6-11 D. Draw Schedule INCOMPLETE Upload Files

Draft version
Prior to HUD App Submission | Borrower

6-11 D. Draw Schedule INCOMPLETE Upload Files

Must include developer experience with substantial
rehab and/or new construction developments.
Prior to Closing | Borrower
NAME DUE DATE STATUS TASK COMMENTS

6-11 E. 1. Certificates of Liability Insurance: General INCOMPLETE Upload Files

Contractor
General Liability
Borrower

6-11 E. 2. Certificates of Liability Insurance: Architect INCOMPLETE Upload Files

Professional Liability
Borrower

6-12 A. General Contractor Construction Contract INCOMPLETE Upload Files

92442-M
Borrower

6-12 A. Scope of Work with Costs INCOMPLETE Upload Files

For Sub Rehabs: Include Architect's work write-up.
Borrower

6-12 B. Architect Resume INCOMPLETE Upload Files

Architect Resume
Borrower

6-12 C. Developer Resume INCOMPLETE Upload Files

Must include developer experience with substantial
rehab and/or new construction developments.
Borrower

Insurance

7-1 Copy of Most Recent Insurance Invoice/Paid INCOMPLETE Upload Files

Receipt
Insurance Invoice
Borrower

7-2 Designation of Insurance Agent Form INCOMPLETE Upload Files

Authorizes MCC to work with insurance agent for
review and compliance with HUD insurance
requirements.
Prior to HUD App Submission | Borrower

7-3 Copy of current Acord insurance certificates INCOMPLETE Upload Files

(property, liability, flood and workman's compensation,
as applicable)
Acord Cert
Prior to HUD App Submission | Borrower

Mortgage Credit Borrower - vlim+borrower

NAME DUE DATE STATUS TASK COMMENTS

5-1 Organizational Chart INCOMPLETE Upload Files

Please provide the post-closing organizational chart
showing detailed ownership levels for all entities/
individuals, including roles and percentages of
ownership.
ASAP | Borrower

5-1 A. List of Principals INCOMPLETE Upload Files

Princpal
Lender

5-1 B. Resume INCOMPLETE Upload Files

Resume
Lender

5-2 A. Article of Incorporation/Organization, INCOMPLETE Upload Files

Partnership Agreement, or Operating Agreement
Please provide organizational documents including
any/all amendments. If changes to the current
organizational structure are anticipated, please provide
draft copies for review.
Prior to HUD App Submission | Borrower

5-3 A. Active Partners Performance System (APPS) INCOMPLETE Upload Files

Submission or Form HUD-2530
*MCC encourages the use of the online APPS process
due to timing delays with HUD when utilizing paper
filing. See ""APPS Industry User Guide"" for APPS
tutorial. We can also refer you to a consultant for
assistance if requested. Please note that an electronic
filing through the APPS system cannot be done until
MCC provides you with the FHA #.*If paper filing is
necessary, instructions are on the 2530 Form provided.
Borrower

5-4 A. Credit Report INCOMPLETE Upload Files

CrdtRpt
Lender

5-4 B. HUD-92013-Supp Supplement to Application INCOMPLETE Upload Files

Please answer the 4 questions at the bottom of the
form and sign.
Borrower

5-4 C. Verification of EIN/SSN INCOMPLETE Upload Files

Please complete a W9 for Borrower verification of EIN.
This will be kept on file for Servicing purposes, as well.
If the Borrower is a Non-Profit, please also provide the
IRS Verification of Tax Exempt status form.
Prior to HUD App Submission | Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-4 D. Verification of Cash to Close INCOMPLETE Upload Files

VOD
Lender

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
If the statement is not audited, a CPA or IPA “reviewed”
statement is required.
Borrower

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
Financial Statement - FYE 2019
Borrower

5-5 A. Audited/Certified Financial Statements (past 3 INCOMPLETE Upload Files

years)
Financial Statement - FYE 2018
Borrower

5-5 B. Certified YTD Financial Statement, if required INCOMPLETE Upload Files

Dated within 90 days of HUD submission.
Borrower

5-5 C. CPA Review of most recent unaudited Financial INCOMPLETE Upload Files
Statements, if required
CPARvw
Lender

5-5 D. Operating Budget INCOMPLETE Upload Files

Operating Budget
Borrower

5-6 HUD-91070M Consolidated Borrower Certifications INCOMPLETE Upload Files

Please complete in full and be sure to initial each page
as well as execute the signature page.
Prior to HUD App Submission | Borrower

5-7 A. Commitment Letter(s) INCOMPLETE Upload Files

Please provide the Letter of Intent if the Commitment
is not available.
Borrower

5-7 B. Tax Credit Equity Pay-In Schedule INCOMPLETE Upload Files

If not included in the Commitment/Letter of Intent.
Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-7 C. Executed Tax Credit Reservation Letter INCOMPLETE Upload Files

Please advise if not yet available and the anticipated
timing for application.
Borrower

5-7 D. Sources and Uses Statement INCOMPLETE Upload Files

Preliminary Source and Use Statement
Borrower

5-7 E. HUD-2880 Applicant/Recipient Disclosure Report INCOMPLETE Upload Files

2880
Lender

5-7 F. Bridge Loan Agreement(s) INCOMPLETE Upload Files

If Applicable. If not available, please provide the terms.
Borrower

5-7 G. Subsidy Layering Review, if required INCOMPLETE Upload Files

SLR
Lender

5-7 H. Bond Terms INCOMPLETE Upload Files

If Applicable
Borrower

5-7 I. Bond Documents INCOMPLETE Upload Files

If Applicable
Prior to HUD App Submission | Borrower

5-8 Miscellaneous/other mortgage credit documents INCOMPLETE Upload Files

MiscMC
Borrower

5-8 A. Master Certification INCOMPLETE Upload Files

Form to be provided upon receipt of final financials and
rent roll(s) for submission to HUD.
Prior to HUD App Submission | Borrower

5-8 B. Supplemental Operating Statement (3 Year Rule) INCOMPLETE Upload Files

An operating statement commencing from initial
occupancy to HUD submission as well as an operating
statement proforma for the succeeding 12 months.
Borrower

5-9 A. Housing Consultant Contract and Resume INCOMPLETE Upload Files

If Applicable
Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-9 B. Narrative Explanation of Motivation for Project INCOMPLETE Upload Files

Motivation Narrative
Borrower

5-9 C. Developer's Agreement INCOMPLETE Upload Files

Showing the relationship and work responsibilities of
all parties to the transaction.
Prior to HUD App Submission | Borrower

5-10 Authorization to Release Credit Information INCOMPLETE Upload Files

Credit Auth
Borrower

Principal - PrincipalTest

5-1 Organizational Chart INCOMPLETE Upload Files

OrgCht
Lender

5-1 A. List of Principals INCOMPLETE Upload Files

Princpl
Lender

5-1 B. Resumes INCOMPLETE Upload Files

For entity Principals: Please provide a short resume/
bio for this entity, if one is unavailable, one for the
parent/umbrella company will suffice.
Borrower

5-2 A. Article of Incorporation/Organization, INCOMPLETE Upload Files

Partnership Agreement, or Operating Agreement
Please provide full organizational documents including
all/any amendments.
Prior to HUD App Submission | Borrower

5-3 A. Active Partners Performance System (APPS) INCOMPLETE Upload Files

Submission or Form HUD-2530
APPS
Lender

5-4 A. Credit Report INCOMPLETE Upload Files

CrdtRpt
Lender

5-4 A. 1. Authorization to Release Credit Information INCOMPLETE Upload Files

Credit Auth
Borrower
NAME DUE DATE STATUS TASK COMMENTS

5-4 B. HUD-92013-Supp Supplement to Application INCOMPLETE Upload Files

Please answer the 4 questions at the bottom of the
form and sign.
Borrower

5-4 C. Verification of EIN/SSN INCOMPLETE Upload Files

Please provide the IRS Determination Letter, W-9 or
Front Page of Tax Return for an Entity. Individuals can
provide a copy of their SSN card or Front Page of Tax
Return.
Prior to HUD App Submission | Borrower

5-5 A. Audited/Certified Financial Statements (or CPA- INCOMPLETE Upload Files

Reviewed, if unaudited) Financial Statements (most
recent full year) or HUD_92417 for individuals
For Individuals: Current Financials are required ONLY,
please complete HUD Form 92417 OR Provide PFS in
your own format with a completed Master Certification
inclusive of each statement. For NonProfits: Please
provide financials in the non-profits name or the parent
company's financials, whichever are available/
prepared. Please see attached financial statement
requirements, including a list of HUD required
schedules.
Borrower

5-5 B. Certified YTD Financial Statement, if required INCOMPLETE Upload Files

Dated within 90 days of HUD submission.
Borrower

5-5 C. REO Schedule & Schedule of Mortgage Debt INCOMPLETE Upload Files
Please note that there are two tabs for completion.
Also, note that a resolution plan is required for all debt
maturing within 5 years, for occupancies less than 85%
or DSCR's below 1.0. UW will review and finalize with
the Client. For NonProfits: Please provide for the non-
profits or the parent company, whichever are available/
prepared
Borrower

5-5 D. Other Business Concerns INCOMPLETE Upload Files

BusConcerns
Borrower

5-6 Miscellaneous/other mortgage credit documents INCOMPLETE Upload Files

MiscMC
Lender

5-6 A. Master Certification INCOMPLETE Upload Files

Form to be provided upon receipt of final financials and
SREO for submission to HUD.
Prior to HUD App Submission | Borrower
NAME DUE DATE STATUS TASK COMMENTS

OTHER

--- No checklist items ---

ADMIN

--- No checklist items ---