Epstein Index›Documents›EFTA00604445
⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00604445: Holder and Construction (DS9)

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This document discusses construction management and loan processes. It outlines procedures for changes in construction work, including a 10% coordination fee for the construction manager. The text also references an initial deposit to be held in trust or escrow until a construction loan is consummated.

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PersonKeyword
Excerpt 1
Such changes will be performed at the cost negotiated with the **construction** manager plus a 10% coordination fee for the sponsor.
Excerpt 2
Such initial deposit will remain in trust or escrow in a major US bank under the subscription agreement until the sponsor consummates a **construction** loan
Excerpt 3
progresses in substantially the same manner as the proceeds of the **construction** loan.

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