- Detailed narrative description of:
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1. Proposed
development (unit mix, proposed pricing, project amenities, |
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common
area features/finishes, unit features/finishes, parking, etc.)
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2. Area |
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3. Buyer profile |
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4. Six solid
reasons why homes will sell |
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- Detailed project summary budget and monthly forecast showing
assumed sales and closing pace, marketing and pre-development
expenditures, construction loan draw schedule, ongoing
acquisition/construction/mezzanine loan and equity balances and cashflow
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- Development timeline chart detailing zoning/permitting,
marketing and construction phases
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- Memo on zoning process and other governmental approvals (list
ALL required approvals and permits with status and estimated date of
receipt of each)
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- Written marketing plan and copies of floor plans, renderings,
brochures, logos, advertisements, etc.
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- Market study from an acceptable third party market research
consultant which is specific as to floor plans, pricing, sales velocity,
project amenities, with a particular focus on comparison to the
submarket's existing competitive inventory and anticipated
future development
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- MAI appraisal of the land and development as completed
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- Full set of Architectural Plans
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- Developer professional history, personal financials and business
credit references
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Page 2 |
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Developer Home Page |
