Before a bank agrees to provide financing, or an equity provider invests in a real estate development offering, they must understand the risk inherent in a potential project.
We provide that understanding at pre-loan/investment due diligence. We will review the overall development plan against the necessary zoning, regulatory aprovals, construction documents, program schedules, and proforma to confirm feasibility and evaluate risk.
We then monitor development and construction progress, and identify potential issues to ensure both proper progress payment, and the adequacy of the remaining undrawn loan to cover the cost to complete.
Bauer also provides related project assessment and cost to complete evaluations for the Surety industy.