	RAINMAKER MARKETING CORPORATION 281.537.1200

TIC Plan Real Estate Syndicates - Continued...

All TIC plan commercial real estate syndicates sponsored by RMC have due diligence documentation burdens that must be satisfied prior to the issuance of the tenants-in-common purchase option contract. The due diligence documentation requirements are based upon the given phase and conform with the following:

Pre-Construction Phase Syndications. These syndications present, more or less, the highest level of commercial real estate speculation risk because the project is not fully defined (much less fully completed). The due diligence documentation required includes, but is not necessarily limited to, the following documents being delivered in electronic file format:
1. Title & Title Insurance Report.
2. Environmental Phase I Report.
3. Approved Development Plat.
4. Evidence of Permissive Zoning.
5. Evidence of Construction Permitting.
6. Utility "Will-Serve" Letters.
7. Market Feasibility Study.
8. Financial Feasibility Study.
9. Business Plan of Department Operations.
10. Capital Funding Plan Proposal.
11. Keyman Officers & Managers Resumes.
12. Contracts - Design, Engineering, Construction, Property Management & Specialties.
13. Schematic Phase Architectural Design Documents.
14. Schematic Phase Outline Construction Specifications.
15. Value Engineering Report.
16. Staffing Plan.
17. Media Management, Advertising, Marketing & Sales Plan.
18. Insurance Specimen Policies.
Construction Phase Syndications. This level would necessarily include the documents of the Pre-Construction Phase (above) and provide the following additional documents:
1. Construction Loan Commitment.
2. Takeout Loan Commitment (Perm or Mini-Perm).
3. Gross Maximum Upset Price Construction Contract.
4. Pre-Opening Operations Plan.
Post-Construction Phase Syndications. The post-construction phase syndication would include all of those items above, together with the Certificate of Occupancy that serves as the key condition precedent to closing.

If you have additional questions, then contact Rainmaker Marketing Corporation today.

Do You Know The Secret?

When it comes to commercial real estate development finance, it doesn't matter whether you need to raise $5 million or $50 million, the out-of-pocket costs, advance fees and project due diligence costs will always require the same relative investment dollars the promoters have to fund. Do you know what that amount is? Do you know the Secret?

Rainmaker Marketing Corporation can trace its history back all the way to 1989. Incorporated in 1993, Rainmaker Marketing Corporation has evolved over time into a full-service business to business consulting firm. Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties. Today, Rainmaker Marketing Corporation serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on commercial real estate syndication services. Rainmaker Marketing Corporation’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: consultants@rainmakermarketing.com

Commercial Real Estate Development Finance, Due Diligence Documentation, Syndication & Project Management Consulting

15519 Dawnbrook Drive, Houston, Texas 77068.