Due Diligence

In this step, our team of professionals and board of advisors analyze the following documents: market study report from a well-known market research company (JLL, Douglas and Elliman etc.), economic feasibility study by a well-known third-party company (JLL, Douglas and Elliman stc.), appraisal, financial proformas, evidence of titles, copies of contracts (and closing statements) and deeds, copy of survey, and (if a development assemblage) detailed Tax Map outlining fee owned properties, air rights and inclusionary air rights. At this point we also have the economic impact study that calculates the amount of jobs to be created which determines the amount of EB5 funds to be raised.
Our professionals will also review verification letters from the construction company affirming hard costs, soft costs, FFE, and A&E along with a Gantt chart timeline; schematics, unit layouts, floor plans, construction plans, renderings and drawings (schematics and conceptual plans needed at the onset of the raise and final renderings required prior to funding.
Bios of the architect of record; zoning opinion from a respected zoning attorney and massing studies from architect; environmental studies phase I and II appraisal of property from an authorized independent appraisal firm and plans for loan repayment supported by proper documentation.