Retail – Due Diligence Submission List

1.  12 Month Trailing Income & Expense Statement – Please include occupancy and CAM broken down by month

2.  2022 and 2023 Income & Expense Statement – Please include occupancy and CAM broken down by month

3.  3 Year Proforma – Please include occupancy and CAM broken down by month

4.  Historical Sales – Prior three (3) years for all major tenants(s) who lease more than 15% of the total square footage in the property

5.  Current Detailed Lease Abstract – Current rent roll (or other evidence of leasing status) showing for each tenant the following:

1. Tenant name
2. Suite number
3. Square footage of leased space
4. Current annual base rental rate, plus any percentage rent
5. Future rental increases
6. Expense payment provisions
7. Stated options or fixed renewals
8. Lease and occupancy commencement and expiration date
9. Any co-tenancy, go-dark or termination provision
10. Current sales per square foot
11. Vacant space

6.  Borrower Information

1. Please include a brief description of the borrower, principal, and property manager, including real estate experience
2. Corporate and personal current Financial Statement(s)
3. Personal profile

7.  Sources and Uses of Funds Statement

8.  Brochure and Pictures of Property

9.  Capital Expenditures – Detailed since purchase and future projections

10.  Property Demographics

1. Year built and last year renovated
2. Breakdown of spaces, including net rentable square footage
3. Total amount net rentable square footage
4. Site Plan and Area Map
5. Neighborhood Description
6. Competition Analysis