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Lori's Sworn Construction Statement

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Budget

This attachment is our sworn construction statement. It is Excel hopefully you can open it.

When we requested the loan, we asked for $262,000. Midcountry bank was leery to loan us that LITTLE of an amount and asked IHE to write our loan amount for $302,500 as you can see in the sworn statement.

So the IHE rep called to ask where we wanted the extra money put. I told her I didn’t care since we had no plans on using it. Since then I have learned about front-loading a loan. In hindsight I would have done that with the extra money.

Lori

 

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