Commercial Real Estate Development Financing - Continued...

In order to qualify for the funding of your choosing, each new development project must complete the standardized due diligence process that is document-centric in execution.  To help you understand what is required of you in order to undertake a syndication; or, if you are seeking to understand the entirety of the syndication process as a condition precedent to investing, then you should become at least familiar with the necessary due diligence documents.

Here follows the typical list of documents required to undertake a syndication of commercial real property interests:

ARCHITECTURAL

1. Architectural Services Agreement - Design/Build Pre-Construction Phase Services Agreement.
2. Interior Design Services Amendment to Architectural Services Agreement.
3. Architectural Firm Profile.
4. Architectural Firm Personal Resumes.
5. Schematic Phase Design Documents.
6. Schematic Phase Outline Construction Specifications.
7. Project Elevation Drawings (or Virtual Tour).
8. Reserved.

CONSTRUCTION

9. Design/Build Construction Contract - Pre-Construction Phase Services Agreement.
10. Contractor Profile.
11. Contractor Personal Resumes.
12. Contractor Financial Statements (audited).
13. Contractor Bonding Capacity Letter.
14. Contractor Guarantee of Completion & Gross Maximum Upset Price (GMP).
15. Value Engineering Report/Independent Cost Estimate.
16. Reserved.

DEVELOPMENT

17. Development Management Agreement.
18. Developer Firm Profile.
19. Developer Personal Resumes.
20. Developer's Project Operations Plan.
21. Developer's Project Marketing & Advertising Plan.
22. Reserved.

ENGINEERING

23. Site, Survey & Civil Engineering Firm Profile.
24. Site, Survey & Civil Engineering Personal Resumes.
25. Site, Survey & Civil Engineering Contract.
26. Property Surveys (metes & bounds, encroachment, topo, etc.).
27. Approved Site Plan.
28. Approved Development Plat.
29. Structural Engineering Firm Profile.
30. Structural Engineering Firm Contract.
31. Structural Engineering Report.
32. Environmental Engineering Firm Profile.
33. Environmental Firm Personal Resumes.
34. Environmental Engineering Firm Contract.
35. Environmental Phase I Report.
36. MEP Report.
37. Reserved.

FINANCE & ACCOUNTING

38. Project Market Feasibility Consultant Firm Profile.
39. Project Market Feasibility Consultant Personal Resumes.
40. Project Market Feasibility Analysis Report.
41. Project Pro Forma Financial Presentation Consulting Firm Profile.
42. Project Pro Forma Financial Presentation.
43. Business Plan of Project Operations.
44. Entitlements Review.
45. Project Capital Funding Plan Proposal.
46. Reserved.

LEGAL & ORGANIZATIONAL

47. Project Sponsor Incorporation Filings.
48. Project Sponsor By-Laws or Operating Agreement.
49. Proposed Project Sponsor Tenants-In-Common Fractional Unit Syndication Contract.
50. Project Sponsor Legal Counsel Firm Profile.
51. Project Sponsor Opinion Letters (tax, organizational, legal capacity, etc.).
52. Reserved.

OPERATIONS & MARKETING

53. Property Manager's Firm Profile.
54. Property Manager's Personal Resumes.
55. Property Manager's Services Contract.
56. Property Manager's Plan of Operations.
57. Property Manager's Marketing & Advertising Media Plan.
58. Reserved.

PROJECT SITE

59. Title.
60. Title Insurance Specimen Copy.
61. Mortgage & Liens.
62. Utility "Will-Serve" Letters.
63. Approved Site Plan.
64. Evidence of Zoning for Intended Use.
65. Entitlement Contracts or Letters Of Intent for Entitlements.
66. Evidence of Construction Permitting Availability.
67. Flood Plain Certification.
68. Reserved.

About Rainmaker...

Rainmaker Marketing Corporation is the brainchild of Clint Lovell, a seasoned business finance consultant with more than 20 years experience.  Rainmaker is a B2B consulting firm that was incorporated in 1994 for the purposes of providing market feasibility studies to businesses seeking capital financing in the commercial and institutional markets.  Today, Rainmaker Marketing Corporation provides a comprehensive array of due diligence documentation services for most major industry groups.  Rainmaker Marketing Corporation also provides syndication management services for fractional commercial real estate syndicates that can provide mezzanine gap funding for income-producing commercial property developments as early as the pre-construction phase.  Rainmaker Marketing Corporation serves clients throughout North America and the Caribbean Basin.

Rainmaker Marketing Corporation, Inc.

15519 Dawnbrook Drive, Houston, Texas 77068

281.537.1200  

consultants@rainmakermarketing.com