Due diligence is a commercial real estate broker, investor, lender, and manager's best friend. Jumping into any commercial real estate deal without proper due diligence can lead to financial ruin or at the very least unnecessary headaches. Through due diligence, you can make educated, informed, and profitable decisions quickly and easily.
Due diligence is the process of reviewing all documentation about the property for any possible red flags with title, tenant relationships, property conditions, and other considerations.
The due diligence process is complicated. Proper due diligence will include six main areas of concern. These areas are property information, building systems, inspections, and reviewing all related reports, tenant information, seller disclosures, and financial modeling for the future of the property.
Each area has it’s list of documentation you will want to review before clearing any purchasing contingencies.
When purchasing a property, you don't want past legal, tenant, or property condition issues to impact you in the future. By taking the time to verify the hundreds of documents and data points, you can confidently see how a property can affect your portfolio. Proper due diligence provides valuable insight into an opportunity, reduces risk, and limits surprises.
The commercial real estate analysts at the Services Hub are well versed in due diligence can be a time saver and help you avoid costly mistakes from hasty decisions.
Clik.ai has been helping Commercial Real Estate investors, brokers, lenders, and managers with proper due diligence since 2017 and have helped identify $12 Billion in commercial real estate opportunities.
By working with the Servicing Hub, Commercial Real Estate investors and lenders can reduce operating expenses, stay competitive, free up time to focus on customer relationships, and spend time on deal analysis rather than due diligence.
When looking for a company to help with due diligence, consider the Services Hub. Our on-demand team of commercial real estate analysts are experts in due diligence, lease abstractions, lease audits, automated underwriting, commercial loan abstraction and much more.