Can someone share their Multi-Family/Mixed-Use Acquisitions Due Diligence Checklist with me or better post it here for the group

Does someone have a solid due diligence checklist for MF/Mixed Use acquisitions that they can share. A NYC focus would be ideal. Thanks.

 
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Operations Current Rent Roll Income and Expense Report - trailing 12 months Income and Expense Report - prior 2 years Aged Receivable Report Budgets: current and prior year Assocaition Documents Utility Billing Reports - last 12 months Summary of Capital Expenditures - current and last three (3) years Standard Lease Form Leases General Ledger: current year and prior two years All Utility Bills: previous two (2) years Work Order History: prior 12 months Unit Inspection Logs 5 Year Capital Budget Current Payroll Summary (listing: employee, function, pay rate, hours, bonus/commission and length of employment) Summary of Employee Benefits (type; insurance, vacation, etc.)

Revenue Agreements Antenna and Roof Top Licenses Cable Licenses Marketing Agreements Vending Agreements

Service Contracts Operating Contracts (trash, laundry room, vending machine, landscaping, snow removal, fire and security alarm, pest contol, advertising, etc.) Other Service Arrangements Equipment Rental Agreements Personal Property Inventory

Tax Bills Tax Bills - past three (3) years plus current year Tax Contest Information Notices of Special Assessment Other Taxes (Rental Income, Inventory, etc.)

Condemnation and Notices of Violation/Insurance Threatened or Pending Litigation Threatened or Pending Condemnation Action Notices of Violation Health Department Notices Insurance Certificate Insurance Loss Report: current and prior three (3) years

Environmental and Other Third Party Reports Appraisal - most recent Engineering Reports ADA and FHA Reports Termite/Bed Bug Reports Fire/Life Saftey Reports Phase I Environmental Reports Phase II Environmental Reports Wetland Reports & Permits Soils Reports Flood Plain Reports Environmental Permits

Title and Survey Most Recent Title Policy Most Recent Survey Subdivision Plats Misc Recorded Plats Any Threatened or Pending Litigation

Construction Documents/Warranties Building Permits Permanent Certificate of Occupancy Record Drawings (i.e. construction drawings, as-builts, site plan, plans & specs, MEP, etc.) Roof/Mechanical Warranties

Loan Documents for Debt to be Assumed Promissory Note Mortgage or Security Deed Other Loan Documents Payment Schedule Escrows Held in Connection with Loan

 

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