Capital parties
Permanent lender
First National Community Bank
Construction lender
Meridian State HFA
Investor
Meridian Tax Credit Fund XVI
HFA / authority
Crescent Bend Housing Authority
Contractor
Southland Construction Inc.
Conversion Hub · conversion record
Oakridge Court conversion
Keep every insurance requirement, evidence item, variance and coverage transition tied to the conversion record. The conversion record for this 9% LIHTC file — requirements register, parties, evidence ledger, variance record, coverage handoff and Conversion Briefing. Review date Sep 5, 2026 · Closing in 43 days.
Requirements tracked
31
Potential variances
4
Awaiting written confirmation
9
Workflow
1
Capture
Done
2
Reconcile
Done
3
Resolve
Current
4
Transition
Evidence consistent
16
Pending confirmation
9
Potential variance
4
Not yet evaluated
2
Open items
Requirements Register| Issue | Source | Current observation | Status |
|---|---|---|---|
Mortgagee clause | Permanent lender | Not yet endorsed | Pending confirmation |
Additional insured — investor | Investor / syndicator | Certificate only — endorsement not issued | Pending confirmation |
LP / SP clause wording | Investor / syndicator | Draft does not match exhibit verbatim | Pending confirmation |
Umbrella additional insured | Investor / syndicator | Follow-form AI pending | Pending confirmation |
Servicing address on mortgagee | Permanent lender | Address not yet confirmed by servicer | Pending confirmation |
Builder's risk occupancy permission | Construction lender | Carrier consent requested | Pending confirmation |
Business income worksheet | Permanent lender | 12-month ALS pending updated values | Pending confirmation |
Cyber / social engineering | Investor / syndicator | $1M quote outstanding | Pending confirmation |
Dollar stakes
- RISK-OC-012
Soft-cost / delay exposure not confirmed against $42.6M hard-cost TIV
Construction lender · Construction exhibit B-4 · Builder's risk policy (Active)
- RISK-OC-002
$1.3M extra retention at 5% vs 2% on $42.6M TIV
Permanent lender · Permanent lender guide §4.3 · ACORD 28 (Needs revision)
- RISK-OC-004
$32,000 indicated NFIP premium on the book; excess flood is not structured
Permanent lender · Lender insurance guide §7 · ACORD 28 (Needs revision)
Conversion snapshot
- Evidence still open
- 5
- Exception files
- 4
Next dates
Schedule- Flood determination dueOct 5, 26
- Deductible exception package to investorOct 7, 26
- Named-storm market testOct 9, 26
- Mortgagee clause + servicing addressOct 10, 26
- Investor AI endorsementOct 12, 26
- LP / SP clause recirculationOct 13, 26
Owner-side workstream · on this conversion
Every register on this conversion
Oakridge Court is the sample conversion. Open any feature to see the same record the owner, lender and investor would work from.
Requirements Register
Every recorded insurance requirement with source, status, responsible party and recorded resolution path.
Party & Insured-Interest Register
Named insureds, mortgagees, loss payees and additional insureds on the conversion.
Evidence Ledger
Certificates, policies, endorsements and receipts tied to the conversion record.
Variance Record
Documented alternatives and remaining conditions — not a coverage opinion.
Coverage Handoff Timeline
Builder’s risk through occupancy to the permanent program.
Continuing Requirements Schedule
Policy delivery, renewal evidence and expiring approvals after the conversion.
Conversion Briefing
The operational read for this conversion — not the portfolio Briefing and not the Board Report.
Program diagnostic
Property, liability, construction and specialty — the same record that feeds the Conversion Briefing.