Submit the following items to WHEDA after the loan is closed:
1. Copy of the signed guaranteed Note
2. Closing fee
3. Loan Authorization
4. Other documentation listed in the Loan Authorization
Other information may include a copy of an appraisal, evidence of equity injections, commitment letters from other project participants, copy of standby agreements, etc. Refer to the Loan Authorization for specific information.
Upon satisfactory review of all closing documentation, the Loan Authorization will be signed by WHEDA and returned to the Lender. This signifies your guarantee is in effect.
The Lender is expected to maintain a complete file on the Borrower. The file must include all documents considered necessary and appropriate for the loan. This may include, but may not be limited to, environmental reports, surveys, plans and specifications and borrowing resolutions.
WHEDA reserves the right to audit the Lender's file as it deems necessary and prudent.
