To ensure a streamlined due diligence process a developer working with Fund VII should be prepared to provide the following:

• A balanced sources and uses of funds;
• A detailed development budget including all hard and soft costs.  Make sure to include information
on any new construction, additions, exterior demolition, site work, landscaping, FF&E and development fees.
• 5 year operating pro forma for the project;
• A short executive summary of the project;
• A description of the ownership entity (LLC vs. partnership/managing member or General Partner, etc.);
• Part I and Part II approvals from the National Park Service;
• Copies of financing commitments (construction and permanent);
• Copies of existing ownership and developer entity documents; and,
• Current financial statement(s) for the guarantor(s).