No board, no committee, no mystery underwriters. 

Consensus by committee can only be hazard to your financial health.

They meet weekly for a loan committee, and just responded it was approved. 

If you want to take it to full buildout, you probably want to partner with someone who really knows the development process out there, and hopefully has drinks with the members of the planning committee lol

This gives the decision maker, whether a committee or manager, etc, the opportunity to understand the aggregate purchase price of the pool and understand what each asset contributes.

If he waits until it is rezoned that would put off closing until the committee meets again in June and he's supposed to close at the end of the month.

Local banks can decide in a committee if they are comfortable with your situation.  

I do know people rejected by the historic district committee when trying to turn a sfr into a multi or condo.

He'll sell your deal to the loan committee. 

Smaller banks are sometimes better as you can talk directly to someone on the loan committee a VP etc. versus they have to send off application to the corporate office and you have no real feedback.