What are some best practices or most commonly missed items for project approval?
• Advise Granite if project has started prior to closing. Include contact party information for a preclose site inspection (name, phone number, email address)
• A copy of the appraisal is required
• Advise Granite if a draw at close is needed and provide fully executed Form E
• Floor and elevation plans are required where the footprint of the property is changing
• If doing a staged draw process, it must be accompanied by the project specifications to verify the
eight elements of construction are included
• The following is not required for project approval: Land purchase contract, loan specific
documentation and permits.