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Acquisition – Due Diligence: Architectural and Civil Works
The following is a useful general list of items pertaining to architectural and civil works that can come handy while conducting an acquisition analysis. Architectural/Structural Overview: Review of Zoning and Other Applicable Statutory Regulations Review of Operating Certification(s) Review of Code Violation History Review of Pending Mandatory Upgrades Review of all Permit Applications & Violations […]
Continue readingAcquisition – Due Diligence: MEP Systems
Systems Overview – Mechanical Electrical Plumbing (MEP) Mechanical – HVAC: HVAC Plant (central M local) – Base Load Capacity Check Plant Sizing; Rule of thumb: 350 sq ft / ton or 400 cfm / ton Check Spare Capacity (Chilled Walled Supply / Condensor Water Supply) Age of Major Equipment – Preventative Maintenance and Emergent Service History […]
Continue readingAcquisition – Due Diligence: General
General Investigation Investigate reason for Sale Investigate the owner’s original intent for such an investment Speculative Investment Build to suit – lease Build to suit – own use Understand owner’s business philosophy Investigate owner’s business history Investigate owner’s professional standing Investigate general attributes of the building: Age Locational Characteristics Basic Construction Initial Impression of Condition […]
Continue readingProperty Title
Title Title is an abstract term frequently used to link an individual or entity who owns property to the property itself. When a person has “title,” he is said to have all of the elements,including the documents, records, and acts, that prove ownership. Title establishes the quantity of rights in real estate being conveyed from […]
Continue readingOrigin and Evolution of Wall Street
Origin Many accounts give different versions of the history of the name – Wall Street. The most popular and accepted one is that the name derives from de Waal Straat, what early Dutch settlers called the edge of their settlement. They had built a wall to protect themselves from the Indians, pirates and the British […]
Continue readingOther Financing Sources For Real Estate Investments
Seller Financing A source of credit for a real property buyer is often the seller. If the seller is willing to take back a mortgage as part or full payment of the purchase price, it is referred to as seller financing. This type of financing is used when: Third-party mortgage financing is too expensive or […]
Continue readingBasic Concepts: Real + Estate
Getting Real Lets start with dissecting the very word Real Estate. The ‘Real’ part of the word has its origin in the English Common Law; where the word realty meant land and everything tangible that is permanently attached to it, such as buildings and other structures. All other intangible or movable things on the property […]
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