Smart Deck Confidential
Confidential data room
Cadence Data Room
Diligence for a construction lender and a limited-partner investor.
$112.4MStabilised value
$85.75MTotal dev cost
$5.62MStabilised NOI
Stage 1 · OpenTeaserHeadline metrics and this index, available to qualified parties.
Stage 2 · On requestNDASign the confidentiality undertaking to open the full room.
Stage 3 · Post-NDAPhase one accessTitle, entitlement, the appraisal model and the operating pro forma.
Stage 4 · ConfirmedPhase two accessConstruction contracts, leases, and corporate and legal.
Document index
Land & titleLender · Equity
  • Title report and ALTA survey
  • Zoning and entitlement approvals
  • Plat and subdivision map
  • Boundary and easement survey
  • Land purchase contract
Entitlement & environmentalLender
  • Site plan approval
  • Grading and drainage permits
  • Phase I environmental (ESA)
  • Geotechnical report
  • Utility will-serve letters
Design & constructionLender
  • Architectural and civil drawings
  • Horizontal and vertical plans
  • GMP construction contract
  • Draw schedule and budget
  • Completion guarantee and bonds
  • Monitoring-surveyor scope
Operations & managementEquity
  • Property management agreement
  • Lease-up and marketing plan
  • Rent roll and unit mix
  • Operating budget
  • Amenity and staffing plan
Debt & securityLender
  • Construction loan term sheet
  • Permanent loan and refinance terms
  • DSCR sizing schedule
  • First-charge security package
  • Interest reserve and guarantees
FinancialLender · Equity
  • Development appraisal model
  • 5-year operating pro forma
  • Sources & uses + debt schedule
  • Sensitivity and scenario analysis
  • Third-party valuation
  • Insurance schedule
Corporate & legalLender · Equity
  • SPV structure chart
  • Cap table and waterfall
  • LP and operating agreement
  • Sponsor track record and KYC
  • Material-contracts register
Who reads what Lender: security, debt terms, valuation Equity: model, returns, waterfall Both: appraisal, pro forma, title