Lender Frequently Asked Questions

Contact SVIBC Team Member Sadikin Budiman for Lender Information

Yes, as a lender we are making funding commitments now.

Yes, we have a relationship with Fractional to make the process secure.

We have a relationship with Cama Plan to make the process secure.

SVIBC Signed Engagement Docs

-Commitment letter 

• Amount of funds 
• Project Identification

· Non-Disclosure and Non-Circumvent

SVIBC Signed Investment Docs

· Option 1 All Cost Investment 

• Docs signed at closing via title company
• Deed of trust
• Promissory note

· Option 2 Joint Venture 

• Docs signed at closing via title company
• Deed of trust
• Promissory note
• Joint Venture Agreement

Capital Allocation and Funding

· Option 1 All Cost Investment

• Lot purchase contracts using SVIRG – at title company
• Taxes and closing cost – at title company
• Site development – after title closing
• Architecture & engineering – after title closing
• Factory unit full payment – after title closing
• Exterior & interior cost – paid in draws

· Option 2 Partial Investment 

• Lot purchase contracts using SVIRG – at title company
• Taxes and closing cost – at title company
• Site development – after title closing
• Architecture & engineering – after title closing
• Factory unit full payment – after title closing
• 3rd party lender loan (capital requirements) see below

1. 3rd party Lender admin fees
2. 3rd party Lender points
3. 3rd party Monthly interest payments expectation 4 months
4. 3rd party Draw 25% finish out capital

SVIBC Project management 

-Reported every Friday during project via CompanyCam software

-Planning 

• Architecture process oversite
• Engineering process oversite
• City plan submission to plan approval

-Build Process

• Draw request 
• Lien waivers
• Inspections

-Land reviews & acquisition 1 Month (property reviews and sourcing)

-Planning, site & permitting 2-3 Months (mastered plans in place ready for city approval) 

-Factory partner meetings & scheduling 1-2 Days (initiate steps with factory partner)

-Factory unit construction begins 10 Weeks (this runs along planning timeline)

-Packing and delivery 1 Week (timeline and distance can vary from city to city)

-Finish out exterior & interior 2-3 Months (finish out home and prepare for sale)

-Estimated Project Duration.6 months