Application Requirements
Documentation and submission requirements for new construction loans.
Application and Submission Requirements
Documentation needed for new construction loan applications
Document Type
Property Submission Documentation
Required Items
- Property details and address
- Property plans and specifications
- Construction budget
- Construction timeline
Notes
Must be complete and detailed
Document Type
Transaction Documentation
Required Items
- Purchase contract (if applicable)
- Construction contract
- Cost breakdown
- Contractor information
Notes
All contracts must be executed
Document Type
Borrower Documentation
Required Items
- Entity formation documents
- Liquidity verification
- Experience documentation
- Personal guarantees
Notes
Entity must be properly formed before closing
Document Type
General Contractor Documentation
Required Items
- License information
- Insurance certificates
- References
- Project history
Notes
GC must be approved by The G1 Group
Practical Application: Submission Process
Step-by-step guide to submitting a complete application
Step 1: Initial Submission
Submit property details, preliminary construction plans, and estimated budget to determine initial eligibility.
Step 2: Preliminary Approval
Upon initial review, you'll receive preliminary approval with conditions that must be satisfied.
Step 3: Complete Documentation
Submit all required documentation including finalized contracts, detailed construction plans, and borrower information.
Step 4: Underwriting Review
Underwriting team reviews all documentation and may request additional information.
Step 5: Final Approval and Closing
Upon satisfactory review, final approval is issued and loan proceeds to closing.