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Due Diligence Checklist
When contemplating existing and new construction projects on behalf of our clients, we run through the following Due Diligence requirements:


FEASIBILITY STUDY FOR SITE DEVELOPMENT + EXISTING PROJECTS

  x Supply & DemandConfirm Market Needs
  x Property HistoryOwnership/Tenant/Vendor Review
  x Tenant InterviewConfirm Pro’s & Con’s of Property
  x Rental SurveysCurrent Rents / Vacancies
  x Market Supply SurveysAvailable Projects
  x Construction InventoryProjects under/planned construction
  x Vacant Land SurveyList of sites available for development
  x Market PerformaEstimate of Income/Expenses for area
  x Expense ImpactReview of community issues
  x Review Market YieldsConfirm market yields for investors
  x Perform 10-yr. AnalysisComputer analysis of yields
  x Yield ModelsBest/Most Likely/Worst Case Models


OVERSEE PROJECT REPORTS

  x Level One & TwoConfirm environmental issues
  x Land SurveyCheck for construction issues
  x Architect Site DesignConfirm development options
  x Site EngineerSoil impact / structure issues
  x Utility ReviewConfirm flow / Utility locations
  x Existing Vendor ContractsConfirm Cost and current commitments
  x Construction CostReview Cost Options / Design Savings
  x Construction SchedulesTime Lines of project / escrow closing


CONSTRUCTION ROLE

  x Highest & Best UseReview construction options
  x Employment ArchitectSelect and oversee plans
  x Employment of GeneralSelect and oversee contractor
  x Construction OverviewSee construction thru completion


FINANCING REVIEW

  x Investor OptionsOrganize Investors
  x Lender ModelsCompare different loan options
  x Employ LenderNegotiate Letter of Intent
  x Document ReviewNegotiate Loan commitment
  x Employ AttorneyReview legal issues
  x Exchange StructureFacilitator over-site
  x EscrowOversee all escrow procedures


LEASE UP

  x Employment of ManagementOn-site & Off-site
  x MarketingOversee marketing of project
  x ManagementManage Daily Operating Issues
  x Asset AnalysisAnnual Review of Project Yields