Capital parties
Permanent lender
First National Community Bank
Construction lender
Meridian State HFA
Investor
Meridian Tax Credit Fund XVI
HFA / authority
Crescent Bend Housing Authority
Contractor
Southland Construction Inc.
Closing Desk · Transaction Risk Advisory
Oakridge Court conversion
The insurance workstream for this 9% LIHTC conversion — requirements, entities, evidence, exceptions, construction transition and the decision record. Review date Mar 18, 2026 · Closing target Nov 15, 2026.
Requirements tracked
31
Potential variances
4
Awaiting written confirmation
9
Workflow
1
Intake
Done
2
Extract
Done
3
Analyze
Done
4
Benchmark
Done
5
Evaluate
Done
6
Resolve
Current
7
Approve
8
Service
Evidence consistent
16
Pending confirmation
9
Potential variance
4
Not yet evaluated
2
Open items
Full matrix| Issue | Source | Current observation | Status |
|---|---|---|---|
| Mortgagee clause | Permanent lender | Not yet endorsed | Pending confirmation |
| Additional insured — investor | Investor / syndicator | Certificate only — endorsement not issued | Pending confirmation |
| LP / SP clause wording | Investor / syndicator | Draft does not match exhibit verbatim | Pending confirmation |
| Umbrella additional insured | Investor / syndicator | Follow-form AI pending | Pending confirmation |
| Servicing address on mortgagee | Permanent lender | Address not yet confirmed by servicer | Pending confirmation |
| Builder's risk occupancy permission | Construction lender | Carrier consent requested | Pending confirmation |
| Business income worksheet | Permanent lender | 12-month ALS pending updated values | Pending confirmation |
| Cyber / social engineering | Investor / syndicator | $1M quote outstanding | Pending confirmation |
Desk snapshot
- Evidence still open
- 5
- Exception files
- 4
Next dates
Calendar- Flood determination dueMar 25, 26
- Deductible exception package to investorMar 28, 26
- Named-storm market testMar 31, 26
- Investor AI endorsementApr 2, 26
- Mortgagee clause + servicing addressApr 4, 26
- LP / SP clause recirculationApr 8, 26
Transaction Risk Advisory · on this desk
Every workstream, with the live example
Oakridge Court is the sample conversion. Open any feature to see the same record the owner, lender and investor would work from.
Requirement matrix
31 conditions · 4 potential variances · named storm 5% vs 2% still open
Entity map
10 parties · Oakridge Court LP as borrower · First National as mortgagee, wording pending
Evidence
10 documents · ACORD 28 needs revision · builder's risk bound, occupancy consent outstanding
Exceptions
4 files · $25K AOP vs $10K requested · flood structure waiting on SFHA
Construction transition
Builder's risk bound at $42.6M · permanent quoted, not bound · occupancy and soft costs still open
Program diagnostic
Property / CAT, liability, construction and specialty — the same read that feeds the decision report
Post-close calendar
10 open dates · flood determination Mar 25, 26
Decision report
The record for capital parties: what is consistent, what is a variance, and what you are being asked to decide