1903.06

Construction Completion

Reqiurements

You must ensure that all Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). on the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). are completed, including

amenities,
landscaping,
signage,
parking, etc.

If sufficient funds will be reserved in a Completion/Repair Escrow Completion/Repair EscrowCustodial Account funded on the Mortgage Loan Origination Date for Completion/Repairs or capital improvements per the Loan Documents. , minor punch list and weather-sensitive items may be incomplete.

Guidance

Use the following table for confirming construction completion and occupancy.

Responsible Party	Activities
Consulting Architect	Conduct a final Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). inspection. Certify the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). was completed per this Section.
You	Ensure all Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). : were completed in a good and workmanlike manner per the approved plans and specifications; are Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. -free; and for all governmental authorities with jurisdiction over the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , comply with all applicable laws, building codes, zoning requirements, subdivision requirements, fire and safety laws, ADA requirements, and design and construction requirements per the Fair Housing Act. Obtain: certificates and reports showing the Borrower BorrowerPerson who is the obligor per the Note. completed all Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). per the Guide GuideMultifamily Selling and Servicing Guide controlling all Lender and Servicer requirements unless a Lender Contract specifies otherwise. from the architect, consulting architect, and other project consultants; evidence of all public utilities for the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). ; copies of: all Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). operating permits and licenses; and either: each unconditional certificate of occupancy (or the local equivalent) for all required portions of the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). ; or evidence the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). passed all inspections and received all approvals before occupancy, if local law does not require certificates of occupancy; and a Certification of Substantial Completion (AIA Document G704) stating the Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). were completed per the final plans and specifications, and executed by the appropriate parties, including the architect, general contractor, and Borrower BorrowerPerson who is the obligor per the Note. .

Responsible Party

Activities

Consulting Architect

Conduct a final Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). inspection.
Certify the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). was completed per this Section.

You

Ensure all Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). :

were completed in a good and workmanlike manner per the approved plans and specifications;
are Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. -free; and
for all governmental authorities with jurisdiction over the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , comply with all
- applicable laws,
- building codes,
- zoning requirements,
- subdivision requirements,
- fire and safety laws,
- ADA requirements, and
- design and construction requirements per the Fair Housing Act.

Obtain:

certificates and reports showing the Borrower BorrowerPerson who is the obligor per the Note. completed all Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). per the Guide GuideMultifamily Selling and Servicing Guide controlling all Lender and Servicer requirements unless a Lender Contract specifies otherwise. from the
- architect,
- consulting architect, and
- other project consultants;
evidence of all public utilities for the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). ;
copies of:
- all Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). operating permits and licenses; and
- either:
  - each unconditional certificate of occupancy (or the local equivalent) for all required portions of the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). ; or
  - evidence the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). passed all inspections and received all approvals before occupancy, if local law does not require certificates of occupancy; and
a Certification of Substantial Completion (AIA Document G704) stating the Improvements ImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now or hereafter constructed or placed on the Property, including all fixtures (as defined in the UCC). were completed per the final plans and specifications, and executed by the appropriate parties, including the
- architect,
- general contractor, and
- Borrower BorrowerPerson who is the obligor per the Note. .