Hazard Site Due Diligence List

Due Diligence List for Hazard Site

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Hazard Site Due Diligence List by Mind Map: Hazard Site Due Diligence List

1. Basic Info

1.1. Address

1.2. Owner/Seller

1.3. Contract Status

1.4. Purchase Price

2. Important Dates

2.1. Accepted Contract

2.2. EMD Due

2.3. Additionally EMD

2.4. Seller Disclosures Delivery

2.5. Inspection Contingency

2.6. Review of Disclosures / Leases

2.7. Appraisal Contingency

2.8. Loan Contingency

2.9. Close of Escrow

3. Title and Lot Review

3.1. Title Report

3.2. Subdivision Map / Plat Map

3.3. Survey (if required)

3.4. Current Tax Assessments

3.5. Projected Tax Assessments

3.6. Zoning

3.7. Easements

3.8. Encroachments

3.9. Restrictions

3.10. Current Liens

3.11. CC&Rs (if any)

4. Inspection

4.1. Environmental

4.2. Phase 1

4.3. Phase 2

4.4. Building Inspection

4.5. Lot gross Acreage

4.6. FAR

4.7. Usable Land

4.8. Flood Area

4.9. Engineering Report

4.10. Mechanical Reports

4.11. Roof

4.12. Asbestos

4.13. Seismic

4.14. Foundation

4.15. Electrical

4.16. Gas

4.17. Water

4.18. Plumbing

4.19. Parking

4.20. Plan and Architect Review

4.21. Structural Engineer

4.22. Public Records

4.23. ADA Report

4.24. Fire Code Report

4.25. Landscape

4.26. Personal Property Inventory

4.27. Soil / Drainage

4.28. Mineral Rights

4.29. Accessibility

4.30. Traffic Patterns

4.31. Fashion Valley Tunnel Construction

4.32. Nearby Properties

4.33. Phone Utility

4.34. Cellular Service(s)

4.35. Trash Services

4.36. Other Utilities

4.37. Law Violations / Litigation

4.38. Certificates of Occupancy

4.39. Request for Repairs / Credit

4.40. Deliver to Seller

4.41. Deliver to Debt Partners

4.42. Deliver to Equity Partners

5. Government & Public

5.1. Politics of the State

5.2. Politics of the City

5.3. Politics of the Site

5.4. Current Density

5.5. Planned Changes

5.6. Laws Affecting Property

5.7. Discussion with Key Officials

5.8. Public Sentiment

5.9. City Services

5.10. Historical

6. Seller Disclosures

6.1. Rent Roll

6.2. Leases and Subleases

6.3. Concessions

6.4. Tenant Financial Statements

6.5. Gross Sales Reports

6.6. 3-5 Years Books and Records

6.7. Vacancy Report

6.8. Management Contracts

6.9. Maintenance Contracts

6.10. All Warranties and Guarantees

6.11. Tenant Estoppels

6.12. Leases to Renegotiate

6.13. Meeting with Management

6.14. Meeting with Maintenance

6.15. Property Disclosures

6.16. Tax Records

6.17. Capital Budgets

6.18. Capital Expenditures

6.19. Real Estate Tax Bills

6.20. Insurance Policies

6.21. Claims

7. Financing

7.1. Equity Source

7.2. Equity Structure

7.3. Debt Source

7.4. Lender

7.5. Construction Loan

7.6. Seller Financing (if applicable)

7.7. Assumable Debt (if applicable)

7.8. Secondary Loan (if applicable)

7.9. Rate / Terms

7.10. Funding Conditions

7.11. Renegotiate Rate / Terms

8. Financial Projections

8.1. Current Rents

8.2. Proforma Rents

8.3. Current Expenses

8.4. Proforma Expenses

8.5. Debt Service Obligation

8.6. DCR

8.7. CAP Rate

8.8. Exit CAP

8.9. GRM

8.10. Exit GRM

8.11. Construction Costs

9. Prior to Closing

9.1. Insurance in Place

9.2. Closing Funds Prepared

9.3. Water Transfer

9.4. Electricity Transfer

9.5. Gas Transfer

9.6. Leases Prepared

9.7. Wire Transfer Secured

9.8. Release of Contingencies

9.9. Meeting with all Tenants

9.10. Management in Place

9.11. Bank Accounts Established

9.12. Master Set of all Keys

9.13. Security Contract Assigned

9.14. Maintenance Contracts in Place

9.15. Trash Services in Place