Underwriting Services

The Vendor is required to provide professional loan underwriting services in support of the city's agency brownfields revolving loan fund (RLF) program.
- Requirement:
• Review of borrower financial information, including:
o Financial statements
o Tax returns
o Organizational financial records
o Project budgets and pro formas
o Sources and uses of funds
• Analysis of:
o Borrower creditworthiness
o Repayment capacity
o Financial strength and liquidity
o Project feasibility
o Adequacy of collateral and security
• Identification of financial risks and mitigating factors.
• Preparation of a written underwriting memorandum containing:
o Summary of borrower qualifications
o Financial analysis
o Risk assessment
o Recommended loan terms, if applicable
o Recommendation regarding loan approval, denial, or conditions
• Participation in meetings or conference calls with city staff, loan applicants, legal counsel, and the brownfields revolving loan fund committee as necessary.
• Financial review services related to brownfields revolving loan fund lending activities as requested by the city.