Northbank Housing Partners

Permanent lender · Permanent lender insurance exhibit §3.1

Replacement cost / TIV

Builder’s risk TIV $28.4M matches the SOV; permanent RC statement is draft

Status pending_confirmation · Pending confirmation

Investor / syndicator · Partnership agreement + investor exhibit C

Named insured stack — GP / LP / SLP

Millwork Lofts LP is named. GP and special LP are on GL, not yet on builder’s risk

Status potential_variance · Potential variance

Construction lender · Construction loan agreement §8.4

Mortgagee / loss payee wording

Construction lender is loss payee. Permanent mortgagee clause is not on the binder

Status pending_confirmation · Pending confirmation

Construction lender · Construction contract §11 + lender guide

Builder’s risk occupancy / permission to occupy

Permission to occupy is not endorsed. Soft costs are in

Status potential_variance · Potential variance

Investor / syndicator · Investor exhibit C-7

Investor additional insured — GL / umbrella

Certificate only. Primary/noncontributory and waiver not on the form

Status potential_variance · Potential variance

Permanent lender · Permanent lender exhibit §5.2

Flood determination

Zone X on the site plan. Lender still wants a life-of-loan determination

Status pending_confirmation · Pending confirmation

Investor / syndicator · Investor insurance exhibit §2

Carrier AM Best

A− XIV meets A− IX

Status evidence_consistent · Evidence consistent

Permanent lender · Permanent commitment §9

Construction-to-perm transition

Permanent property quoted, not bound. Deductible 2% named storm vs construction 5%

Status potential_variance · Potential variance