Property
- Occupancy
- Family
- Construction
- Combustible / wood frame, new construction
- Year built
- 2026
- Flood zone
- X (SFHA pending)
- CAT
- Wind / hail · named storm
- Named insured
- Oakridge Court LP
- Manager
- Harborstone Management Co.
DevelopmentsIn conversion
OC · AMP-07
Oakridge Court
1400 Oakridge Drive, Meridian, MS 39301
9% LIHTC conversion in process
Units
180
Occupied
0 / 180
TIV
$42.6M
Properties
4
Insurance program
- Program
- Oakridge Court Conversion Program
- Type
- Live conversion
- Carrier
- Builder's risk bound · permanent quoted
- Term
- 2026-01-08 → 2026-11-15
- AOP deductible
- $25,000 current / $10,000 requested
- Named storm
- 5% current / 2% requested
- Flood
- SFHA determination pending
- GL / umbrella
- $1M / $2M (project + sponsor) · $25M quoted
Buildings and parcels
4 properties on this AMP — COPE on each line.
| Property | Construction | Occupancy | Protection | Exposure | TIV |
|---|---|---|---|---|---|
Building 1 1400 Oakridge Drive Builder's risk. Permanent not bound. | Frame (ISO 1) 45,200 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 45 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 4 | Zone X (SFHA pending) Former ACC pads / residential | $10.7M Bldg $9.4M Contents $639K LoR $639K |
Building 2 1400 Oakridge Drive | Frame (ISO 1) 45,200 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 45 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 4 | Zone X (SFHA pending) Former ACC pads / residential | $10.7M Bldg $9.4M Contents $639K LoR $639K |
Building 3 1410 Oakridge Drive | Frame (ISO 1) 45,200 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 45 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 4 | Zone X (SFHA pending) Former ACC pads / residential | $10.7M Bldg $9.4M Contents $639K LoR $639K |
Building 4 + clubhouse 1420 Oakridge Drive Clubhouse and leasing office in this pad. | Frame (ISO 1) 48,600 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 45 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 4 | Zone X (SFHA pending) Former ACC pads / residential | $10.7M Bldg $9.4M Contents $639K LoR $639K |
Coverage on this program
Builder's risk
Soft-cost schedule not confirmed. Occupancy consent outstanding.
$42.6M + soft costs TBD
$25,000
$294,000 · $.69 / $100 TIV
Permanent property (quoted)
Named storm 5% vs 2% is a potential variance. See Closing Desk.
$42.6M RC
$25K vs $10K requested
$312,000 · $.73 / $100 TIV
Flood
SFHA determination ordered 3/14. Cannot finalize NFIP vs private vs excess until it returns.
Not structured
—
Desk observation
Live Closing Desk transaction. Builder's risk through conversion; permanent program not yet bound. Investor and permanent-lender conditions are open.
- Public housing
- RAD pipeline
- In conversion
- Converted
- Support