Construction lender (template conditions)

Onboarded

Generic conditions precedent and draw conditions seen in construction loan agreements; replace with the actual loan agreement at closing. Lender gates amplify every other delay: closing waits on final entitlements, appeal periods, signed interconnection agreements and clean third-party reports.

Sources (1)

Document	Version	Effective	Notes
Construction loan agreement template — conditions precedent, draw conditions, covenants	—	—	Template; the executed loan agreement supersedes.

Requirement classes (5)

Triggers are evaluated against project inputs; durations are typical working days.

Code	Title	Gate	Category	Asset classes	Trigger	Days	Predecessors	Source / clause
LEN-CP-ENTITLE	Condition precedent: entitlements final and appeal period expired Lender will not close until the special exception/rezoning and site plan approvals are final and non-appealable and all conditions capable of satisfaction before closing are satisfied. Evidence: Zoning counsel opinion; certified approval resolution; appeal period confirmation.	Permit	Lender	all	Applies when a construction lender is named	10	LC-SPEX, LC-APPEAL	Construction loan agreement template — conditions precedent, draw conditions, covenants Loan agreement, conditions precedent to closing (entitlements)
LEN-REPORTS	Third-party reports: appraisal, Phase I ESA, geotechnical, ALTA survey Lender-ordered or lender-reviewed reports: as-complete appraisal, Phase I environmental site assessment (Phase II if RECs), geotechnical report and ALTA/NSPS survey with zoning endorsement. Order early; appraisal and ESA are frequently the last items in. Evidence: Reports addressed to the lender with reliance letters; lender's acceptance.	Permit	Lender	all	Applies when a construction lender is named	60	LC-SITEPLAN	Construction loan agreement template — conditions precedent, draw conditions, covenants Loan agreement, conditions precedent to closing (reports)
LEN-CLOSE	Loan closing Closing of the construction loan once all conditions precedent are met: entitlements final, reports accepted, executed tenant lease, GMP contract, title and insurance in place. Evidence: Executed loan documents; closing statement; title policy.	Construction	Lender	all	Applies when a construction lender is named	15	LEN-CP-ENTITLE, LEN-REPORTS, TEN-LEASE	Construction loan agreement template — conditions precedent, draw conditions, covenants Loan agreement, closing
LEN-DRAW	Draw conditions and covenant reporting Recurring conditions for each advance (lien waivers, construction consultant report, budget in balance, permits in force) plus covenant reporting (monthly progress, milestone dates, completion date covenant, change orders above threshold). Handed to the project accountant once construction starts. Evidence: Draw package template approved by lender; reporting calendar; first draw funded.	Construction	Lender	all	Applies when a construction lender is named	10	LEN-IA, LC-PERMIT-GRADING	Construction loan agreement template — conditions precedent, draw conditions, covenants Loan agreement, conditions to each advance; reporting covenants
LEN-IA	Signed utility interconnection / service agreement before first draw Lender requires the executed Dominion GS-5 agreement and construction agreement (and the capacity letter) before advancing construction funds, because the project has no value without an energization date. Collateral posting under GS-5 is usually funded from equity, not the loan. Evidence: Executed GS-5 and construction agreements delivered to the lender; lender acknowledgement.	Construction	Lender	Data center	Applies when a construction lender is named	5	DOM-GS5, DOM-CONSTRUCT, LEN-CLOSE	Construction loan agreement template — conditions precedent, draw conditions, covenants Loan agreement, conditions precedent to first advance (utility agreements)