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For developers of senior
housing to attract senior housing investors to their rental senior
housing and entry-fee senior housing projects, all necessary due
diligence must be completed in advance of the listing. Rainmaker
Marketing Corporation will require the production of certain
documents and/or third-party reports be supplied prior to Rainmaker
Marketing Corporation entering into a syndication agreement with the
developer (or sponsor, if different from the developer). Our goal
here is to create a comprehensive disclosure of the risks that would
meet the same threshold tests as would be expected in a private
placement offering of securities.
The required reporting is at the sole risk and expense of the
syndication plan sponsor (the developer and/or owner/operator) and must
be in form and substance satisfactory to Rainmaker Marketing Corporation
in its sole judgment.
The required documents and services for a construction phase
project funding include:
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Market Feasibility Study.
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Financial Feasibility Study.
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Proposed Capital Funding Plan.
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Business Plan of Operations.
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All Contracts (electronic file execution copies for the
construction contract, development agreement, property management
agreement, design, engineering, etc.).
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Tenants-In-Common Ownership Plan & Supporting Documents.
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Financial Statements (Project).
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Tax & Legal Opinions.
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Schematic Phase Architectural Design Documents.
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Schematic Phase Outline Construction Specifications.
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Draw Schedule.
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Value Engineering Report.
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MEP Report.
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Construction Cost Estimate (contractor's).
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Utility Will-Serve Letters.
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Approved Development Plat.
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Title & Title Insurance.
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Environmental Phase I.
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Metes & Bounds Survey, Topo Survey & Specialty Surveys.
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Letter of Intent or Bankable Loan Commitment for Construction
Loan.
The required documents and services for a pre-construction phase
project funding include:
-
Market Feasibility Study.
-
Financial Feasibility Study.
-
Proposed Capital Funding Plan.
-
Business Plan of Operations.
-
All Contracts (electronic file execution copies for the
construction contract, development agreement, property management
agreement, design, engineering, etc.).
-
Tenants-In-Common Ownership Plan & Supporting Documents.
-
Financial Statements (Project).
-
Tax & Legal Opinions.
-
Conceptual Architectural Design Documents.
-
Utility Will-Serve Letters.
-
Approved Development Plat.
-
Title & Title Insurance.
-
Environmental Phase I.
-
Metes & Bounds Survey, Topo Survey & Specialty Surveys.
For more information, contact Rainmaker Marketing Corporation.
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