Small Deal Fund Underwriting

To ensure a streamlined due diligence process a developer working
with the Small Deal Fund should be prepared to provide the following:

• A spreadsheet showing the sources and uses of funds;
• A spreadsheet providing all development costs (to include a detailed listing
of construction hard and soft costs) including any development fee;
• 5 year operating pro forma for the project;
• A short executive summary of the project;
• A description of the ownership entity
(LLC vs. partnership/managing member or General Partner, etc.);
• Part I and Part II approvals from the National Park Service;
• Copies of financing commitments (construction and permanent);
• Copies of existing ownership and developer entity documents; and,
• Current financial statement(s) for the guarantor(s).