The following is a general description of the sequence of events that will occur during our
loan funding process:
- Submit an Executive Summary of Loan
- Issuance of "draft" term sheet by Heartland Capital Group - Receipt of deposit from borrower
- Receipt of documents to underwrite loan — review by Heartland Capital Group
- Schedule visit to property and borrower
- Identify and engage commercial real estate brokers for valuation
- Order Credit Report
- Receive and review Appraisal and Broker Opinions of Value
- Complete and review underwriting
- Counsel prepares closing document checklist and distributes
- Counsel schedules closing
- Loan closes
