Insured TIV
$91.9M
Sum of location TIV on the schedule. A value — not an occurrence limit and not a sublimit.
Combined insurance program
Every program on the portfolio
Placed 4% and 9% LPs sit on their own project programs. Millwork Lofts is between them — builder’s risk bound, permanent quoted. There is no authority master and no auto line.
Portfolio rates
Composite How calculated Sum of TIV on every location in this scope — dwellings and support sites. Matches the 2026 premium-year TIV. Program TIVs are the same dollars allocated by placement, not a second total. Board Report uses this same number.How calculated
$.40 / $100
$91.9M TIV
In-force premium How calculated Premium on lines with status bound, master, or project. Quoted and gap premiums are excluded.How calculated
$369,000
Bound / master / project only
Indicated premium How calculated Premium recorded on quote or gap lines. It is not in-force and would not pay. Shown so the board can see the ask next to what is already bound.How calculated
$98,000
Quote and gap — not in force
Property
$.38 / $100
$351,000 property, flood, BR, IM
Casualty
$18,000
GL, umbrella, auto, WC, crime, D&O, cyber
Per unit
$932
396 units across the portfolio
Rate by program
All-lines rate is in-force premium over that program’s TIV. Property rate uses only property, flood, builder’s risk and inland marine.
| Program | TIV | Premium | All-lines | Property | Share |
|---|---|---|---|---|---|
Millwork Lofts builder’s risk Construction | $28.4M | $160,000 | $.56 / $100 | $.50 / $100 | 43% |
Ash Court LP project Project — 4% LP | $18.1M | $54,000 | $.30 / $100 | $.30 / $100 | 15% |
Elm Senior LP project Project — 9% senior | $16.6M | $48,000 | $.29 / $100 | $.29 / $100 | 13% |
River Park Family project Project — mixed-finance | $14.2M | $61,000 | $.43 / $100 | $.43 / $100 | 17% |
Cottonwood Housing LP project Project — Year 15 | $9.8M | $32,000 | $.33 / $100 | $.33 / $100 | 9% |
NHP Scattered Sites LLC Project — CDC scattered | $4.8M | $14,000 | $.29 / $100 | $.29 / $100 | 4% |
| Portfolio | $91.9M | $369,000 | $.40 / $100 | $.38 / $100 | 100% |
TIV across the portfolio
$91.9M insured value · 8 lines · 6 programs
- Millwork Lofts builder’s risk$28.4M · 31%
- Ash Court LP project$18.1M · 20%
- Elm Senior LP project$16.6M · 18%
- River Park Family project$14.2M · 15%
- Cottonwood Housing LP project$9.8M · 11%
- NHP Scattered Sites LLC$4.8M · 5%
TIV, occurrence, and sublimits
Three different recorded numbers. Do not treat schedule TIV as an occurrence limit or a sublimit.
Occurrence limits
Builder’s risk: $28.4M TIV · General liability — construction partnership: $1M / $2M · Property — Ash Court LP: $18.1M TIV · Property — Elm Senior LP: $16.6M TIV
Per-occurrence (or equivalent) limits on in-force lines. Distinct from schedule TIV.
Sublimits
None recorded on this book
Narrower limits inside a line (per-claim / aggregate). Not the blanket TIV and not the AOP deductible.
Deductibles — recorded precision
Basis, minimum, property vs program, and the policy reference. Source opens the document page and section. Not a coverage opinion.
| Deductible | Amount | Basis | Minimum | Applies to | Policy ref | Source |
|---|---|---|---|---|---|---|
| AOP | $10K AOP | As recorded on the program — not inferred as a % of TIV | $10 | Millwork Lofts builder’s risk | Millwork Lofts builder’s risk | Recorded program |
| Wind-hail | 5% named storm | Percent of TIV as recorded | Minimum not recorded | Millwork Lofts builder’s risk | Millwork Lofts builder’s risk | Recorded program |
| Named storm | 5% | Percent of TIV as recorded | Minimum not recorded | Millwork Lofts builder’s risk | Millwork Lofts builder’s risk | Recorded program |
Construction
Millwork Lofts builder’s risk
Admitted builder’s risk
- TIV
- $28.4M
- In-force premium
- $160,000
- All-lines rate
- $.56 / $100
- Property rate
- $.50 / $100
- AOP / named storm
- $10K AOP5%
- Flood
- Sub-limited
Bound through conversion. Occupancy permission still open.
| Line | Premium | Rate |
|---|---|---|
| Builder’s risk | $142,000 | $.50 / $100 TIV |
| Property — permanent (quoted)quote | $98,000 | $.35 / $100 TIV |
| General liability — construction partnership | $18,000 | $188 / unit |
Project — 4% LP
Ash Court LP project
Admitted package
- TIV
- $18.1M
- In-force premium
- $54,000
- All-lines rate
- $.30 / $100
- Property rate
- $.30 / $100
- AOP / named storm
- $10K AOP2%
- Flood
- Zone X — none
Named insured Ash Court LP. GP additional insured.
| Line | Premium | Rate |
|---|---|---|
| Property — Ash Court LP | $54,000 | $.30 / $100 TIV |
Project — 9% senior
Elm Senior LP project
Admitted package
- TIV
- $16.6M
- In-force premium
- $48,000
- All-lines rate
- $.29 / $100
- Property rate
- $.29 / $100
- AOP / named storm
- $10K AOP2%
- Flood
- Zone X — none
PBRA senior. Investor LP/SP already endorsed.
| Line | Premium | Rate |
|---|---|---|
| Property — Elm Senior LP | $48,000 | $.29 / $100 TIV |
Project — mixed-finance
River Park Family project
Admitted package + excess flood
- TIV
- $14.2M
- In-force premium
- $61,000
- All-lines rate
- $.43 / $100
- Property rate
- $.43 / $100
- AOP / named storm
- $10K AOP2%
- Flood
- NFIP + excess
Zone AE. Excess flood in force.
| Line | Premium | Rate |
|---|---|---|
| Property — River Park Family LLC | $61,000 | $.43 / $100 TIV |
Project — Year 15
Cottonwood Housing LP project
Admitted package
- TIV
- $9.8M
- In-force premium
- $32,000
- All-lines rate
- $.33 / $100
- Property rate
- $.33 / $100
- AOP / named storm
- $25K AOP2%
- Flood
- Zone X — none
Values lag. Year 15 recap will re-trade the program.
| Line | Premium | Rate |
|---|---|---|
| Property — Cottonwood Housing LP | $32,000 | $.33 / $100 TIV |
Project — CDC scattered
NHP Scattered Sites LLC
Admitted package
- TIV
- $4.8M
- In-force premium
- $14,000
- All-lines rate
- $.29 / $100
- Property rate
- $.29 / $100
- AOP
- $5K AOP
- Wind-hail
- $5K wind / hail
- Named storm
- Not applicable — inland location (documentary basis: no named-storm endorsement on the recorded master).
- Flood
- Zone X — none
Blanket on 12 duplexes.
| Line | Premium | Rate |
|---|---|---|
| Property — NHP Scattered Sites LLC | $14,000 | $.29 / $100 TIV |
Combined coverage schedule
Quoted and gap lines show an indicated rate and are not in the in-force premium.
| Line | Applies to | Limit | Retention | Carrier | Premium | Rate | Status |
|---|---|---|---|---|---|---|---|
Builder’s risk Soft costs in. Occupancy permission outstanding. | Millwork Lofts LP — construction | $28.4M TIV | $10K AOP · 5% named storm | Admitted builder’s risk | $142,000 | $.50 / $100 TIV | bound |
Property — permanent (quoted) Quoted. Not in the in-force composite. | Millwork Lofts LP — conversion | $28.4M TIV | $10K AOP · 2% named storm | Admitted package (quote) | $98,000 | Indicated $.35 / $100 TIV | quote |
General liability — construction partnership Investor AI still certificate-only. | Millwork Lofts LP + GP | $1M / $2M | $0 | Admitted CGL | $18,000 | $188 / unit | bound |
Property — Ash Court LP | Ash Court LP | $18.1M TIV | $10K AOP · 2% named storm | Admitted package | $54,000 | $.30 / $100 TIV | project |
Property — Elm Senior LP | Elm Senior LP | $16.6M TIV | $10K AOP · 2% named storm | Admitted package | $48,000 | $.29 / $100 TIV | project |
Property — River Park Family LLC Zone AE. Excess flood in force. | River Park Family LLC | $14.2M TIV + excess flood | $10K AOP · NFIP + excess | Admitted package + excess flood | $61,000 | $.43 / $100 TIV | project |
Property — Cottonwood Housing LP Year 15 values lag replacement cost. | Cottonwood Housing LP | $9.8M TIV | $25K AOP · 2% named storm | Admitted package | $32,000 | $.33 / $100 TIV | project |
Property — NHP Scattered Sites LLC Blanket duplexes. | NHP Scattered Sites LLC | $4.8M TIV | $5K AOP | Admitted package | $14,000 | $.29 / $100 TIV | project |
In-force $369,000 · 7 of 8 lines bound. Millwork permanent is quoted at $.35 / $100 TIV and is not in the composite.
Master vs project
Each LP is the named insured on its project property. The construction partnership carries builder’s risk until conversion. Permanent for Millwork is quoted and is not in the in-force composite.
Composite is $.40 / $100
In-force premium is $369K on $91.9M TIV. In-force premium is placed-project property plus Millwork builder’s risk. The quoted permanent is excluded until it binds.
There is no PHA master on this book. Casualty that belongs to a partnership stays with that partnership. The sponsor CDC does not run an auto program. See Conversion Hub for Millwork Lofts. Open Coverage Scenario Explorer.