No limitation on owner s return. Market Study and Appraisal to support the project occupancy and rents. Adequate Working Capital. Tax, Insurance, and Replacement Reserve Escrows. Borrower pays all application, inspection, underwriting, and third party costs, estimated at approximately one percent of the loan amount.
All costs are applicable to the total project costs.
Loan origination fees are 3 points and payable from the loan proceeds at closing.