Underwriting & Feasibility Studies:

IFG Capital follows stringent underwriting criteria and obtains feasibility studies on each of the developments. Key items considered include:

• Market conditions, product desirability and neighbor needs

• Local and state governmental requirements and issues

• Projected, market and LIHTC rents

• Cash flow and cost analysis

• General Partner experience and financial strength

• Contractor, architect and engineer qualifications

• Construction timetables

• Developer’s tax credit projections and monitoring systems

• Developer’s current fiscal strength and downside planning