PowerPMIS

Northern Virginia Campus — Demo

Data center · Loudoun County, VA · target energization 2029-06-30
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Third-party reports: appraisal, Phase I ESA, geotechnical, ALTA survey

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Provenance

Source document
Construction loan agreement template — conditions precedent, draw conditions, covenants
Clause
Loan agreement, conditions precedent to closing (reports)
Trigger
Applies when a construction lender is named
Description
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 required
Reports addressed to the lender with reliance letters; lender's acceptance.

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