Construction Advance Loan Delivery Package

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
¨
¨
¨
¨
¨
¨
¨ / 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)