Property
- Occupancy
- Family
- Construction
- Combustible / wood frame, new construction
- Year built
- 2026
- Flood zone
- X
- CAT
- Wind / hail · convective
- Named insured
- Millwork Lofts LP
- Manager
- Northbank Management LLC
DevelopmentsIn conversion
ML
Millwork Lofts
410 East Pettigrew Street, Durham, NC 27701
9% LIHTC · construction-to-perm in process
Units
96
Occupied
0 / 96
TIV
$28.4M
Properties
2
Insurance program
- Program
- Millwork Lofts builder’s risk
- Type
- Construction
- Carrier
- Admitted builder’s risk
- Term
- 2026-02-03 → 2027-02-03
- AOP deductible
- $10K AOP
- Named storm
- 5%
- Flood
- Sub-limited
- GL / umbrella
- $1M / $2M (contractor) · $10M
Buildings and parcels
2 properties on this development — COPE on each line.
| Property | Construction | Occupancy | Protection | Exposure | TIV |
|---|---|---|---|---|---|
Building A 410 East Pettigrew Street Builder’s risk. Permanent not bound. | Frame (ISO 1) 42,800 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 48 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 3 | Zone X Former mill / residential | $14.2M Bldg $12.5M Contents $860K LoR $860K |
Building B 410 East Pettigrew Street Builder’s risk. Permanent not bound. | Frame (ISO 1) 42,800 sf · 2026 · 3 sty Architectural shingle · Roof replaced 2026 | Family Garden-style family — new construction · 48 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 3 | Zone X Former mill / residential | $14.2M Bldg $12.5M Contents $860K LoR $860K |
Coverage on this program
Builder’s risk
Soft costs in. Occupancy permission outstanding.
$28.4M TIV
$10K AOP · 5% named storm
$142,000 · $.50 / $100 TIV
Property — permanent (quoted)
Quoted. Not in the in-force composite.
$28.4M TIV
$10K AOP · 2% named storm
$98,000 · $.35 / $100 TIV
General liability — construction partnership
Investor AI still certificate-only.
$1M / $2M
$0
$18,000 · $188 / unit
Conversion observation
Active sample conversion on Conversion Hub. Builder’s risk bound. Permanent quoted, not bound. Investor and both lenders are on the Requirements Register.
- In conversion
- Placed LIHTC / operating
- Year 15