All banksRotation position #4
Bank profile
Hancock Whitney
Slowest draw turnaround of our lenders — plan 7 days. Best pricing when deposits stay above $2M.
Commitments
$6.40M
Outstanding
$3.98M
Deposits
$2.10M
Capacity Left
$5.02M
Avg Draw Funding
6.7 days
81% on time
Contacts
Relationship bankerRob Delacroix
UnderwriterTom Ngo
Construction loan contactRob Delacroix
Draw contactAlicia Ford
rob.delacroix@hancockwhitney.com
(228) 555-0110
constructiondraws@hancockwhitney.com
Terms & Structure
Typical rateSOFR + 2.75%
LTC80%
LTV70%
Equity requirement20% cash equity
RecourseFull recourse, burns to 50% at C/O
Interest reserve9 months required
Typical closing time31 days
Typical draw turnaround7 days
Process Requirements
InspectionsBank inspector, scheduled Mondays only
AppraisalAs-is and as-completed
Avg inspection time4.1 days
Financial covenants
- Min liquidity $600K
- DSCR 1.25x at stabilization
Reporting
Quarterly financialsQuarterly borrowing baseAnnual tax returns
Underwriting Requirements
16 items · vault coverage
Company P&L
Company Balance Sheet
Personal Financial StatementExpiring Soon
Tax Returns (2 yrs)
Entity Documents
Builder License
Insurance CertificateExpiring Soon
Project Budget
Plans
Specifications
Purchase Agreement
Appraisal
Buildertrend Report
Construction ScheduleNeeds Refresh
Sources & Uses
Guarantor Information
Active Loans
3 projects · 21 historical
Recent Communication
- Alicia FordAug 6
Draw #6 on 931 Pine funded, 6 days from submission.
- Rob DelacroixJul 15
Wants Q2 financials before reviewing anything new.
Attachments
Hancock Master Loan Agreement.pdfAug 19