Pre Acquisition Due Diligence

Weissman Construction Services (WCS) provides Construction Pre-Acquisition Due Diligence Reviews to Equity Investors and Construction Lenders nationwide.  Since 1999, WCS, or its principal, has prepared Pre-Acquisition Reviews for hundreds of properties spanning 24 states and the US Virgin Islands. The majority of these reviews have been for multifamily housing projects financed with low income tax credits, but projects have also included commercial, mixed-use, and transit-oriented developments.

 

Documents reviewed and included in each report include:

 

  • Plans and Specifications

  • Phase I Environmental Site Assessments

  • Phase II Environmental Reports / Hazardous Materials Reports

  • Contractors Resume and Qualifications

  • Architects Resume and Qualifications

  • Construction Contracts

  • Architectural Contracts

  • ALTA Surveys

  • Flood Zones / Wetlands

  • Seismic Zones

  • Radon Zones

  • Construction Schedules

  • Schedule of Values

  • Zoning Approval / Verifications

  • Conditions of Approval, if any

  • Will Serve Letters / Utility Availability

  • Tax Credit Applications, if applicable

  • Geotechnical Report

A sample of these projects are listed below: