The 4-Step Process for CPLI Coverage

There is a  4 step application procedure designed to expedite the approval process.

All program information and documents should be sent to the contact by clicking here.

1

24 Hour Review

Preliminary Review

Expert underwriters review loan request information and documents to determine eligibility. Eligible properties include:

  • Property Type: Office, Industrial, Retail, Apartments and Hotel.
  • Location or Markets: 1st + 2nd Tier cities – Populations >1 million.
  • Equity Requirement: 25% to 40%
  • Borrowers: Partnerships, JV, Corporations, LLC’s and Individuals
  • Construction, redevelopment, acquisition, refinance or rehabilitation/modification loans
  • Loan Sizes: $5 – $50 million
  • Term: < 36 months, extensions available for additional premium

Eligible Loans Covered:

  • Construction, redevelopment, acquisition, refinance or rehabilitation/modification loans
  • Loan Sizes: $5 – $50 million
  • Term: < 36 months, extensions available for additional premium

2

Application Completion

A formal application is required, along with complete loan request details, lender package, and application fee of $7,500.

3

10 Business Day Turnaround

Underwriting and Approval

Comprehensive underwriting is performed by LGIS, mirroring the lender’s procedure to the deal. Factors to be considered:

  • Financial soundness
  • Project feasibility
  • Location
  • Experience of team (sponsor/borrower/management/
    development team)
  • Approved lender documentation
  • Acceptable lender qualifications – to service and administer the loan

4

Issuing Loan Insurance Binder

Loan Insurance Binder Letter issued along with the policy at closing, Premium of 2.50% – 3.75% of loan amount collected at loan closing.

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