This particular loan request does not include land cost. It does not ask for financing for all soft costs. However, Northfork is requesting funding for some off-site improvements. The total loan request is $9,001,416, which represents about 75 percent of the $11,982,287 estimate of total project cost (land plus all other outlays). In Tab II. Summary of Costs, the request includes construction period interest as part of the loan. The developer will be allowed to borrow the interest as one additional cost of construction. An estimate of construction period interest is made by computing the monthly draw rate for construction costs to be funded by the lender over the 12-month period