Preliminary Financing Plan and Business Offer Sample Clauses

Preliminary Financing Plan and Business Offer. The purpose of the preliminary financial plan is to demonstrate the feasibility of project financing and the feasibility of the proposed project upon completion. The financial plan must include: ❑ A proposed preliminary financing plan, based on and including development and operating pro forma budgets. The preliminary financing plan should include the proposed terms of acquisition, if relevant, and the plan to finance the development. ❑ All assumptions used in preparing the financing plan. An adequate plan will identify the amount and sources of equity, construction financing, and permanent financing, and will include letters of interest or commitment from equity partners and lenders, if any. A tenant leasing plan including proposed rents and the type and quality of tenants should also be included. ❑ Agency funding must be justified as necessary gap financing or as the cost of public amenities included in the project.