Northern Virginia Campus — Demo

Data center · Loudoun County, VA · target energization 2029-06-30

Loan closing

Not startedlibrary

Provenance

Authority

Construction lender (template conditions)

Source document

Construction loan agreement template — conditions precedent, draw conditions, covenants

Clause

Loan agreement, closing

Trigger

Applies when a construction lender is named

Description

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 required

Executed loan documents; closing statement; title policy.

Edit

TitleCodeGateCategoryAuthoritySource documentClauseStatusOwnerOwner roleDue dateDuration (working days) Veto pointNext actionDescriptionEvidence required

Evidence (0)

Nothing attached. A requirement is only satisfied with evidence.

Dependencies

Must finish first (3)

Condition precedent: entitlements final and appeal period expired Not started FS
Third-party reports: appraisal, Phase I ESA, geotechnical, ALTA survey Not started FS
Lease execution and commencement conditions Not started FS

Waits on this (2)

Collateral posting (reported ~$1.5M per MW) Not started
Signed utility interconnection / service agreement before first draw Not started