Chicago Community Loan Fund
Typical Predevelopment Expenses
- Accounting
- Appraisal
- Architectural/Engineering
- Building Acquisition
- Building Inspection
- Construction/Permanent
- Finance Application
- Fees Contingency (predevelopment)
- Environmental Survey
- Feasibility Study
- Insurance (e.g., general liability & fire)
- Interim Maintenance/Repairs/Property Stabilization
- Land Acquisition
- Legal Market Study
- Pre-Development Administration (various expenses)
- Pre-Development Financing Fees
- Professional Services/Other (e.g., financial consultant/loan packager)
- Real Estate Brokers Lease Commission Real Estate Brokers Commission
- Security
- Site Preparation/Demolition/Board-Up
- Soil Testing
- Survey
- Tax arrears and/or Amounts To Accrue During Development
- Title & Recording Fees
Typical Expenses NOT Considered Predevelopment
- Builders Risk Insurance
- Construction Hard Costs
- Construction Financing Fees
- Construction Inspection Fees
- Construction Management Fees
- Construction Period Loan Interest
- Construction Period Taxes
- Construction Period Water & Sewer Services
- Contingency (construction)
- Developers Fee Marketing & Leasing (rent-up)
- Partnership Management Fee
- Resident Relocation