​Step 1:
Nautica provides non-binding Proposal to Borrower
* Borrowers signs Proposal
* Borrower provides financial info to directly to Lender

Step 2:
Lender completes initial financial review and provides Proposal to Borrower
* Borrower signs Lender Proposal and pays refundable deposit ($________)

Step 3:
Insurer provides Proposal to Borrower for completing risk analysis
* Borrower signs Insurance Proposal and pays refundable deposit ($_________)
* Insurer completes due diligence and issues policy to match Lender Terms

Step 4:
Lender issues Commitment Letter
* Borrower signs Commitment Letter from Lender
* Proposal Deposits made to Lender and Insurer become non-refundable Commitment Fee
* Lender prepares loan documents, with the assistance of Borrowers council

Step 5:
Funding:
* Borrower pays syndication fee
* Lender provides capital, in accordance with construction contract