New Project Setup Form - Fund Control -
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Fund Control Forms
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New Project Setup Form – Fund Control
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New Project Setup Form – Fund Control
Services being requested:
(Required)
Pre Construction Review
Contractor Review
Fund Control With inspections (recommended)
Fund Control without inspections
Single Family
Commerical
Funds will be disbursed by:
Lender
Fund Control
If La Mesa making disbursements please note ACH's can only go to Owner or GC. All other payments will be overnight checks
La Mesa is not making payment to the GC or Sub, this will be lender funded
La Mesa highly recommendations that inspections should be done with each draw
# of Draws
Select # Draws
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Level of PCR
Select Level
1
2
3
What best describes your project?
Select
Single family rehab < $250,000
1 unit
2-4 units
Name of Project:
(Required)
First
Loan #:
(Required)
Price
Service
Cost
Total
Fund Control with inspection
Fund Control with inspection Cost
Fund Control with inspection total
La Mesa Disbursing Funds With Inspections
La Mesa Disbursing Funds With Inspections cost
La Mesa Disbursing Funds With Inspections Total
Fund Control without Inspections
Fund Control without Inspections Cost
Fund Control without Inspections Total
La Mesa Disbursing Funds Without Inspections
La Mesa Disbursing Funds Without Inspections Cost
La Mesa Disbursing Funds Without Inspections Total
Pre Construction Review
Contractor Reviews Cost
pre Contractor Reviews Total
Contractor Reviews
Contractor Reviews Cost
Contractor Reviews Total
Project Address:*
Street Address:
(Required)
City:
(Required)
State/Province/Region:
(Required)
Zip Code:
(Required)
Fund Control Amount
(Required)
Fees Included in Fund Control amount:
(Required)
Yes
No
Contributor
$$ Amount
Will be funded
Lender
$$ Amount to Lender
(Required)
Lender
(Required)
Yes
No
Owner
$$ Amount to Owner
(Required)
Owner
(Required)
Yes
No
Contractor
$$ Amount to Contractor
(Required)
Contractor
(Required)
Yes
No
Total
(Required)
Title Date Down: -
(Required)
Yes
No
Title Company name and contact:
Address:
Street Address:
(Required)
City:
(Required)
State/Province/Region:
(Required)
Zip Code:
(Required)
Phone
Email
Parties
Name
Type
Select Party
Lender
Seller
Landlord
Buyer
Tenant
General Contractor
Other
Company Name:
Relationship Manager/Signer:
Name:
Enitity Name (as listed on loan documents):
Contact (Primary) :
GC License #:
Address:
Street Address:
(Required)
City:
(Required)
State
(Required)
Zip Code:
(Required)
Phone
(Required)
Email
(Required)
Additional Contact Name:
Email
General Contractor Information
Contact (Primary) :
GC License #:
Address:
Street Address:
(Required)
City:
(Required)
State
(Required)
Zip Code:
(Required)
Phone
(Required)
Email
(Required)
Additional Contact Name:
Email
Who needs to sign the Fund control agreement?
Name
Email
Phone
Documentation Requirements
Are reimbursements Allowed?
Yes
No
La Mesa requirement for reimbursements are a copy of the invoice and proof of payment invoice was paid (Cancelled Check, CC receipt, statement or UC)
Contingency Usage
Will there be contingency on this project?
Yes
No
Contingency use is base on the the completion of the project based off the inspection. For example if contingency is $100,000 and the project is 50% complete then $50,000 can be used from contingency.
Are deposits allowed?
Yes
No
La Mesa will allow up to 50% deposit for the following items: Appliances, Cabinets, Countertops, Electrical fixtures, plumbing fixtures, Doors, Flooring, Windows. In order to receive the remaining 50% Material must be onstite or installed
Are line items transfers allowed?
Yes
No
La Mesa requires that a line items transfer be completed and signed by the Owner and General contractor along with Evidence of savings showing how funds are able to be transferred out of the budgeted line item
Will La Mesa be tracking expiration dates for any of the following?
GC License
GC General Liability
Workers Comp
Builders risk/COC
What is the allowed inspection variance? (Completion vs Drawn line item by line item)
5%
10%
Other:
Other:
Budget
(Required)
Max. file size: 40 MB.
Appraisal
Max. file size: 40 MB.
GC License
Max. file size: 40 MB.
GC General Liability
Max. file size: 40 MB.
Workers Comp
Max. file size: 40 MB.
Builders risk/COC
Max. file size: 40 MB.
GC W9
Max. file size: 40 MB.
Buidling Permit
Max. file size: 40 MB.
Misc
Max. file size: 40 MB.
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