4.2.1.1 Concept Meetings

A. Concept meetings (or conference calls) with the MF Regional Center or Satellite Office are optional and generally not needed for refinancing transactions. They are recommended for projects in volatile markets, Large Loan requests (per Chapter 3, Section 3.10), questions about the scope of repairs, significant cash out (e.g. $20M or exceeding 50% of the loan amount), if there are concerns about marketability, environment, competing proposals, or if there are other unusual risk factors. Upon the Lender’s request, a concept meeting will be scheduled either in person or by teleconference as soon as workload permits, generally within two weeks. Site visits by the appropriate HUD staff may be conducted if practicable. Please refer to Appendix 4 for concept meeting exhibits.