The application process for a Sub Division Bond is similar to the requirements for applying for construction financing:
Most recent financial statements for the development company
A copy of the project budget including hard and soft costs
A copy of the construction financing agreement or letter of intent
A copy of site plan or sub division agreement
Land title details and appraisal if available
Any Environmental Audits and Geotechnical Reports
A completed Developer Surety Application
A completed Personal Net Worth statement for each of the project shareholders
We highly recommend you work with an experienced Developer Surety brokerage such as FCA to ensure you are receiving the possible best terms and best advice for your project.