CONSTRUCTION ADVANCE LOAN DELIVERY PACKAGE
TABLE OF CONTENTS
¨ DUS / ¨ Single Draw / ¨ Fixed Rate¨ PA / ¨ Multiple Draw / ¨ Variable Rate
¨ ARM
Property Name ______Fannie Mae Forward
Property Address ______Commitment No. ______
City, State, ZIP ______
Construction Lender representative:
Name ______Construction Lender ______
Address ______Telephone (_____)______
City, State, ZIP ______Fax Number (_____)______
DUS Lender representative to be contacted by Fannie Mae:
Name ______DUS Lender Name ______
Address ______Telephone (_____)______
City, State, ZIP ______Fax Number (_____)______
DUS Lender's Counsel:
Name ______Telephone (_____)______
Firm ______Fax Number (_____)______
Address ______
City, State, ZIP ______
NOTE: PLEASE CHECK THE APPROPRIATE BOX BELOW IF DOCUMENT IS INCLUDED IN DELIVERY PACKAGE.
Lender / Fannie Mae / Document / Document Requirement /¨
¨
¨ / 1 / a. Construction Advance Delivery Package - Table of Contents (Form 4517-FCAL)
b. Permanent Mortgage Loan Commitment
c. Forward Commitment (MCODES Confirmation) / copy
copy showing execution by Lender and Borrower
copy
¨ / 2 / Waivers or other communications from Fannie Mae with respect to Loan Documents or Loan Underwriting / copies
¨
¨ / 3 / a. Certificate of Loan Terms (Form 4547-A)
b. Amendment to Certificate of Loan Terms (if applicable) / original executed by Lender and Construction Lender
original
¨
¨
¨
¨
¨
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¨ / 4 / a. Construction Period Collateral:
i. Letter of Credit (with form of Sight Draft) (Form 4547-C); and
ii. Bank Certificate (Forms 4547-D-1 and 4547-D-2)
OR
b. i. Third Party Guaranty; and
ii. Opinion Letter of Guarantor's Counsel
OR
c. i. Construction Advance Note (Form 4547.Recourse A for Cash Fixed Rate, or 4547.Recourse.B for Cash Variable Rate, or 4547.Recourse.C for 1-Month LIBOR ARM, or 4547.Recourse.D for 3-Month LIBOR ARM); and
ii. Allonge to Construction Advance Note Variable Interest Rate (if applicable)
iii. Opinion Letter of Construction Lender’s Counsel (Form 4547.Recourse.E) / original
original
original
original
original
original
original
¨ / 5 / Delivery Assurance Certificate (4158.ARM/Mod, Form 4158.Cash/MAH, 4158.Cash/Mod, 4158.Invest/MAH, 4158.Invest/Mod, as applicable to the financing method, Cash or ARM, and the product line, MAH or Moderate-Income or Market Rate) / original assigned to Fannie Mae
¨ / 6 / Delivery Assurance Security Instrument / copy of recorded document
¨ / 7 / Assignment of Delivery Assurance Security Instrument / copy of recorded document
* REMITTANCE ADDRESS: Fannie Mae
Attention: Multifamily Acquisitions
Drawer # AM
4000 Wisconsin Avenue, N.W.
Washington, DC 20016
Tel: 301-204-8287
Fannie Mae Multifamily Construction Advance Delivery Package - Form 4517-FCAL 08/04 (Page 2 of 2)
Table of Contents
© 2000– 2004 Fannie Mae