Development Project Planning Virtual Whiteboard

Step 1.

Mobilization

Underway

Step 2.

Concept Plan & Property Offer

Step 3.

Construction Plan & Budgets

Step 4.

Proforma Financials & Investor Deck

Step 5.

Funding Stack & Support docs

Step 6.

Property Acquired & Construction Launch

Step 1. Mobilization

Following the normal preparation step that each development project goes through, the Phoenix MBS team and InteliMOD Developer Services has started on the path to create the required documents and plans for funding review. To date, the items we have received are listed to the right.

Below is a diagram of typical due diligence steps performed pre closing, Phoenix MBS assists with each step through the process and helps prepare necessary documentation as listed on the right.

Upon completion of these tasks this section of the whiteboard will close, and the next step will be posted.

  • TC Survey and Mapping Report of Property
  • Selling Price of Property
  • DOTec Engineering Quotation For Initial Services
  • USHX Project Overview

Next Step Documentation

  • A property purchase offer letter that details the terms and the time to closing
  • Additions to the engineering quotation to align with the closing timeline
  • Document the opinion of local state agencies regarding permits and entitlements
  • Pre-Closing expense budget to determine all closing costs needed.

Additional Immediate Tasks

  • Build a timeline with milestones for each mobilization subtask to better track progress and identify potential bottlenecks.
  • Initial risk assessment for the property and funding process at this stage.
  • Coordination with local agencies early, so any permit-related challenges can be anticipated and mitigated.

Brief Note on Next Steps:

  • Step 2 – Concept Plan & Property Offer: Once Step 1 is complete, we can focus on refining the concept plan, validating the property offer, and preparing the presentation for investors.
  • Steps 3-6: Construction plans, proforma financials, funding stack, and property acquisition will naturally follow as we build on this strong foundation.
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