1. June 16 th & 23 rd 2015 Webinar Training Field Staff and Industry Rural Development

2.  The Preliminary Transfer Assessment Template has taken on the abbreviated acronym of “PAT”. ◦ It is a Excel Spreadsheet Template that works best with Excel versions higher than 2002. ◦ It was developed by RD Agency staff as a underwriting tool for transfers.

3.  Applicants and borrowers or Agency Staff may obtain a copy of the latest PAT from either: ◦ http://www.rd.usda.gov/programs-services/multi- family-housing-direct-loans http://www.rd.usda.gov/programs-services/multi- family-housing-direct-loans ◦ http://www.rd.usda.gov/programs- services/housing-preservation-revitalization- demonstration-loans-grants http://www.rd.usda.gov/programs- services/housing-preservation-revitalization- demonstration-loans-grants

4.  Used for Transfers or Transfers with MPR Funds ◦ Incorporates Agency Policies and Thresholds ◦ Can be used by the Customer and Agency ◦ Situation specific for all types of Transfers ◦ Careful analysis is necessary by all parties ◦ Submission DOES NOT constitute approval ◦ Does not replace application requirements.

5. ◦ Applicants and Developers Customers to structure their transaction to best achieve agency thresholds and document mitigating measures if needed. ◦ Agency Staff To access the transaction against Agency Thresholds, and to document approval conditions for compliance with the handbook and regulations.

6. ◦ Applicants Initial Consultation Customer are highly encouraged to provide to the Agency to obtain a letter of support for initial applications to their funding partners. ◦ Application Stage Customer provides to Agency when submitting formal application. ◦ Agency Underwriting and Approval Agency Uses to access the transaction against Agency Thresholds, and to document approval conditions.

7. Preliminary Transfer Assessment Template You must have macros enabled! (From Excel to Enable Macros: Click File, Options, Trust Center, Trust Center Settings)

8.  Read the Message Board  Read About the Template  Use Instructions to upload Budget History (FIN1700) and CNA.  Complete the Pale Yellow Colored Cells on the these Sheets ◦ GeneralInfo ◦ Sources & Uses ◦ Reserve Sizing ◦ Rents & Operations  Read the Message Board  Read About the Template  Use Instructions to upload Budget History (FIN1700) and CNA.  Complete the Pale Yellow Colored Cells on the these Sheets ◦ GeneralInfo ◦ Sources & Uses ◦ Reserve Sizing ◦ Rents & Operations

10.  The Preliminary Assessment Template is a tool to assist our Partners and Agency Officials to determine the possible scenarios for structuring a transfer. It does not replace policy, regulation or good judgment. Some situations could result in a miscalculation or unanticipated result. Careful analysis of the results is necessary. Submission of this tool to the agency does not constitute approval.  Buyer and Seller mutually and voluntarily agree to, and have delivered to RD acceptable evidence allowing RD to release all RD MFIS/AMAS information needed to complete the respective fields in this Assessment tool for the purposes deemed necessary to allow review of the application for assistance I/we may have pending or are submitting for potential RD action.

11. Screen Print of MFIS FIN1700 known as Budget History Select Excel Here

12.  A few words about the MFIS FIN1700 Report ◦ The MFIS FIN1700 Report is used in the template to create the data appearing on the Rents & Operation Page for the current budget and average of actuals. ◦ Separate projects that will be consolidated at time of transfer will each have their own FIN1700 report. The template will combine those on the Rents & Operations Page for you. ◦ The FIN1700 Report must be generated and saved in excel format to work. (see previous slide). ◦ The template will also work without the FIN1700 Report. The Customer can type data directly into the Rents & Operations Page.

15. General Info

20. Sources & Uses

21. Reserve Sizing

23. Rents & Operations Sheet

24. Prevent your template from not functioning properly. Saving incorrectly is a common error. Change type when you click save to.xlsm Correct

29. Agency Review Portal Sheet