hen contemplating existing and new construction projects on behalf of our clients, we run through the following Due Diligence requirements:
Supply & Demand
Confirm Market Needs
Property History
Ownership/Tenant/Vendor Review
Tenant Interview
Confirm Pro’s & Con’s of Property
Rental Surveys
Current Rents / Vacancies
Market Supply Surveys
Available Projects
Construction Inventory
Projects under/planned construction
Vacant Land Survey
List of sites available for development
Market Performa
Estimate of Income/Expenses for area
Expense Impact
Review of community issues
Review Market Yields
Confirm market yields for investors
Perform 10-yr. Analysis
Computer analysis of yields
Yield Models
Best/Most Likely/Worst Case Models
Level One & Two
Confirm environmental issues
Land Survey
Check for construction issues
Architect Site Design
Confirm development options
Site Engineer
Soil impact / structure issues
Utility Review
Confirm flow / Utility locations
Existing Vendor Contracts
Confirm Cost and current commitments
Construction Cost
Review Cost Options / Design Savings
Construction Schedules
Time Lines of project / escrow closing
Highest & Best Use
Review construction options
Employment Architect
Select and oversee plans
Employment of General
Select and oversee contractor
Construction Overview
See construction thru completion
Investor Options
Organize Investors
Lender Models
Compare different loan options
Employ Lender
Negotiate Letter of Intent
Document Review
Negotiate Loan commitment
Employ Attorney
Review legal issues
Exchange Structure
Facilitator over-site
Escrow
Oversee all escrow procedures
Employment of Management
On-site & Off-site
Marketing
Oversee marketing of project
Management
Manage Daily Operating Issues
Asset Analysis
Annual Review of Project Yields