The senior housing and retirement living industry is one of the most heavily regulated businesses in America because we are charged with the care and support of one of our most fragile and vulnerable population sets - the frail elderly.  As a result of this fundamental market issue, senior housing project financing has evolved to include a considerable volume of due diligence information.  Before you go dashing off in one direction or another with your project, take a moment and review the following checklist to see if you are in fact ready to rock:

1. Market Feasibility Study.

2. Pro Forma Financial Presentation or Financial Feasibility Study.

3. Statutory Investment Incentive Entitlements Review.

4. Capital Funding Plan.

5. Business Plan of Department Operations.

6. Project Media Marketing Plan.

7. Owner's Program.

8. Key Milestone Event Schedule.

9. Environmental Phase I Report.

10. Title Report.

11. Zoning/Site Entitlement.

12. Approved Development Plat.

13. Approved Site Plan.

14. Schematic Phase Architectural Design Documents.

15. Schematic Phase Outline Construction Specifications.

16. Contractor's Bid/Estimate of Construction Costs.

17. Contractor's Construction Contract, Firm Profile, Financial Statements, Resumes & Bonding Letter.

18. Architect's Services Contract, Firm Profile & Resumes.

19. Value Engineering Report.

20. Construction Draw Schedule.

21. Pre-Opening Operating Plan.

22. MEP Report.

23. Utility Will-Serve Letters.

24. Survey (metes & bounds, topo, encroachments, etc.).

25. Property Control Agreement (option, purchase & sale or letter of intent).

26. Property Manager Contract, Firm Profile & Resumes.

27. Property Development Management Contract, Firm Profile & Resumes.

28. Site Photos.

29. Elevation Drawings (front and sides).