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Brandon Miller using all qualifications and licenses of both Millermark Realty and Millermark Construction has completed countless due diligence packages for investors and banks. Investors have come to rely on these reports to determine if they proceed with the purchase of the asset and whether or not to ask for concessions or discounts at closing. These reports and their process can range from a 20-page report which takes usually 3 days up to a 150+ page report which takes over two weeks. Which report needed is determined by the investor or bank as to what level of details are needed.

Our more detailed due diligence reports cover the following:

• Potential Mortgage Amortization Schedule
• Property Inventory (Identify Personal Property)
• 12-Month Profit And Loss Statements
• Walk Each Individual Unit
  • Take Inventory
  • Note Conditions
  • Note Occupied/Vacant/Size/Type And Audit Rent Roll
  • Note Any Issues In Unit
• Current Budget
• Current Detailed Physical Conditions Of Asset
• Identify And Attach Survey If Found
• Identify Any Insurance Losses That Occurred For Previous Three Years
• Market Survey And Analysis
• 2-5 Year Projections
• Area Map And Location
• Identify And Attach Any Contracts That Survive The Closing
• List Any Capital Expenses For The Previous Three-Five Years
• Suggest Goals And Strategies If Asset Is Performing Below Market
• Marketing Materials Currently Used (Brochures, Floor plans , Advertisements Running)
  • Suggested Marketing Plan
• Suggested Capital Improvements
• Census, Local, Regional Data Where Asset Is Located
  • Statistical Digest
• Identify Life Safety Issues Sought
• Future Capital Items Budgeted (Roofs, Parking Lot, Pools, Structures)
• If Previous Phase 1 (Environmental Survey) Is Found
  • Typical O & M Plan
• Recommend Preventative Maintenance Program If Needed
• Identify Any Deferred Maintenance Issues
• Insurance Estimation Or Quote
• Photos Of The Project (Interior And Exterior) To Support Findings Of Report