Insurance Advisory & Action Report
Five questions before closing
Oakridge Court · 9% LIHTC + Construction Conversion · Meridian, MS. Not a verdict on the best program — a clear view of whether what is proposed offers a competitive balance of coverage, retained risk and cost.
1
How does the available evidence compare?
16 of 31 identified conditions appear consistent with the evidence on file. 9 remain pending written confirmation. Capital-party and counsel confirmation still governs.
2
How does the program compare to requirements and alternatives?
4 potential variances are open — property deductible, named-storm deductible, flood structure, and builder's-risk soft costs. None have been accepted or declined in writing.
3
How does pricing compare to benchmark context?
A full benchmark view is in scope for Complex Transaction + Market Analysis. On this sample, the $25K AOP deductible is within habitational norms for this TIV; the 2% named-storm ask is the item most likely to need market evidence.
4
What alternatives should be considered?
4 exception packages are in draft: retain or buy down the AOP deductible; document named-storm market; structure flood after SFHA determination; build a soft-cost and delay schedule.
5
What should we do next?
Order the flood determination, circulate the deductible exception, complete mortgagee and investor AI endorsements, and lock the construction-to-permanent calendar before occupancy consent is required.