7a Secondary Loan Commitment Form

Bond Guarantee Program

Secondary Loan Commitment Form.xlsx

Certification of Secondary Loan Requirements for Committed Loans

OMB: 1559-0044

Document [xlsx]
Download: xlsx | pdf
Qualified Issuer: [INSERT QI NAME]
























ECDFI Name: [INSERT FULL NAME]
























Bond Identifier: [ INSERT BOND ID ]
























Commitment Test Year
Year 1






















Loan Number Secondary Loan Borrower Name Project Name Project /Property Address
(Street, City, State, Zip)
Asset Class Existing or
Forward Loan
Original Loan Amount Current Unpaid Loan Balance Use of Proceeds Collateral Type Diao, Wenxia: Only senior lien position is accepted by BGP. Security Position Appraised Value LTV Credit Enhancement (Yes/No) Credit Enhancement Description, if Applicable Estimated Secondary Loan Maturity Date









Year One Commitment Test Loans









100001 ABC Charter School, LLC ABC Charter School 123 ABC St., New York, NY 10002 Charter School Forward $3,500,000 $3,500,000 Select Financing or Refinance RE / EQUIP FIRST $5,000,000 70% No NA 11/1/2030





































































































































































Year Two Commitment Test Loans


































































































































































































QI Signature: By signing this report, I the undersigned approved, designated officer of the [name] QI, attest that this Secondary Loan Commitment Form and Certification have been prepared in conformance with the instructions issued by the CDFI Fund, and, to the best of my knowledge and belief, the SLCF entries are accurate, and the SLCF Certification has been signed by an approved, designated officer of the [name] ECDFI.



















Designated Officer Name:
Officer Title:




















Signature of the Designated Officer:
Date:








































































For BG Program Officials Only Year 1 Commitment Test Only Totals: $3,500,000 $3,500,000 Commitments






















Bond Proceeds Disbursed





















$3,500,000 Total Allocated to Year 1 Commitment Test






















Commitment Test Requirement (50% of bond loan proceeds)





















$3,500,000 Amount of Surplus/Shortfall












































Year 2 Commitment Test Only Totals: $3,500,000 $3,500,000 Total Commitments from Year 1 and Year 2*






















Bond Proceeds Disbursed





















$3,500,000 Total Allocated to Year 2 Commitment Test






















Commitment Test Requirement (100% of bond loan proceeds)





















$3,500,000 Amount of Surplus/Shortfall













































Reviewing Official Name:























Reviewing Official Signature:
Date:





















Approving Official Name:























Approving Official Signature:
Date:


















*Include all loans for Year 1 and Year 2 Commitment Tests that are not pledged to the BG Program. Please remove all loans that have been pledged to the BG Program subsequent to Year 1 Commitment Test.
























*If a loan is categorized by a SHARED FIRST in the Lien position column and use an asterisk (*) in the LTV column to denote which loans are parity loans and provide notes at the bottom of this form in order to show which loans are shared by ECDFIs.
























Notes:





















































































PAPERWORK REDUCTION ACT NOTICE
OMB Control Number 1559-0044, Expiration Date: 11/30/2021
According to the Paperwork Reduction Act, as amended, no persons are required to respond to a collection of information unless it displays a valid Office of Management and Budget (OMB) Approval Number. Public reporting burden for this collection of information is estimated to average 4.0 hours per response, including time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Community Development Financial Institutions Fund, 1801 L St NW, 6th Floor, Washington, D.C. 20036.










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