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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.

Call: 281.537.1200

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Email: consultants@rainmakermarketing.com. Address: 15519 Dawnbrook Drive, Houston, Texas 77068. 281.537.1200. Open M-F 9 to 5 (CST).

About Rainmaker Marketing Corporation...

Rainmaker Marketing Corporation, Inc. is a B2B consulting firm built from the ground up by Clint Lovell on the premise of providing market feasibility studies (hence the name Rainmaker Marketing) to the senior housing development industry for projects seeking FHA/HUD-insured financing. Rainmaker started business in 1993, though its roots extend back to 1988. In the intervening years, the depth of services has been enhanced to provide a complete continuum of due diligence documents and consulting services.

Today, Rainmaker has completed literally hundreds upon hundreds of consulting assignments on projects in the housing, health care, retail, commercial office and hospitality industries throughout North America - including projects in 45 of the 50 states, Canada, Mexico and the Caribbean Basin. The resulting reports and consulting services provided by Rainmaker have resulted in billions of dollars in new development. Our clients have included publicly-traded companies, privately-held companies, government bodies and not-for-profit organizations.

When Should You Be Talking To Rainmaker?

If you will be seeking construction financing from a third-party lender (or investor) with whom you do not already enjoy a previous underwriting relationship, then you need to be talking to Rainmaker. If you have insufficient equity or assets necessary to sustain a construction mortgage financing for a new construction project, then you need to be talking to Rainmaker about the alternatives. If you have doubts, Rainmaker is the firm to turn to when it's time to deal with them.