Millwork Lofts LP
Borrower / owner
Named insured
- Policies
- Builder’s risk · quoted permanent
- Clause
- Matches partnership agreement
- Evidence
- On file
Party & Insured-Interest Register
Named insureds, mortgagees and additional insureds
Affordable-housing transactions involve many entities with different insurance interests. Small mismatches cause reissued evidence.
Northbank Housing Partners, Inc.
General partner / sponsor
Named insured
- Policies
- GL · umbrella · builder’s risk pending
- Clause
- GP missing on builder’s risk
- Evidence
- Partial
CDC / nonprofit GP. Not a housing authority.
Northbank Millwork GP LLC
Managing GP
Named insured
- Policies
- GL
- Clause
- Matches operating agreement
- Evidence
- On file
Piedmont Tax Credit Fund XII
Tax-credit investor / syndicator
Additional insured
- Policies
- GL / umbrella
- Clause
- Exhibit wording not matched
- Evidence
- Certificate only
Needs endorsement, not ACORD-only
Piedmont SLP LLC
Special limited partner
Additional insured
- Policies
- GL
- Clause
- LP/SP clause pending
- Evidence
- Missing
Carolina Construction Bank
Construction lender
Loss payee / mortgagee
- Policies
- Builder’s risk
- Clause
- On binder
- Evidence
- On file
First Carolina Community Bank
Permanent lender
Mortgagee / loss payee
- Policies
- Permanent property (quoted)
- Clause
- Wording pending
- Evidence
- Not yet endorsed
Servicing address required at conversion
Southline Builders LLC
General contractor
Additional insured
- Policies
- GL · builder’s risk
- Clause
- On construction GL
- Evidence
- On file