Lease Abstracting - Commercial Real Estate Due Diligence Reporting Services

For lease abstracts and abstracting, there is no substitute for Rainmaker.  We strive to make it both affordable and relevant; the operating goal is to complete a lease abstracting assignment (regardless of size) in seven (7) days from date of receipt of materials and payment.  Our services program focuses on:

• Flexible Convenience.  Our goal is to make the services of Rainmaker as streamlined with our client's operations, preferences, and expectations to the greatest degree possible.  Rainmaker creates the abstract form to the client's specifications.  If you have a form you have been using, we will be happy to adapt our report to your form design to keep things consistent.  If you don't have one, don't worry.  We'll be glad to create one to your specifications or you can use our standardized version.

• Timing.  Most abstracting projects require 7 days or less to complete and render back to the client.  Rainmaker strives to be done quickly and provide the information to allow for timely closings of escrow.   All commercial due diligence work is delivered to the client in a convenient electronic file format - no more waiting on mail delivery and no more reliance upon second and third generation copies of documents that inevitably become illegible with each successive copy generation.

• Price.  Our baseline abstract is still only $7 per document page reviewed, with a $125 minimum fee per abstract (how's that for inexpensive?).  If the client wants a comprehensive forensic financial analysis of the lease cash flows, the additional charge is only $1,500.  Document copying and scanning services remain at $1.00 per page for letter and legal sized documents.  

• Certificates.  Estoppel certificates and Subordination, Non-Disturbance and Attornment (SNDA) certificates can also be prepared of by our staff on the client's approved form, transmitted to each tenant, and electronically transmitted back to the client upon execution for as little as $25 per certificate.  Just $25 a certificate!

• Terms.  The Rainmaker approach is to make things easy and maintain a business approach that allows us to keep our prices low.  Most assignments require a retainer equal to at least 50% of the projected total project services invoice.  All assignments require payment in full prior to release of the completed assignment materials.

Other Due Diligence Services...

In many cases, the program doesn't begin or end with the abstracting processes and resulting reporting programs.  Most commercial real estate clients need additional information.  Rainmaker can round out the entirety of your due diligence needs by providing you with:

• Local Market Analyses.  Whether you need a snapshot of the market, a detailed NAICS expenditures analysis, or a comprehensive survey of local market competition, rates, occupancies, or tenant mixes, Rainmaker has the experience and expertise to deliver these services on a short schedule and keep the cost reasonable because commercial real estate consulting is our stock and trade.

• Property Inspections.  Complete inspection services that include photographic documentation, financial analyses of operating costs, capitalization scenario testing (we use three different capitalization models), tenant interviews, and adjacent tract analyses can all be undertaken by Rainmaker on an expedited basis.  A typical property inspection report requires only 14 days to schedule and complete and cost as little as $3,500 to complete (not including travel expense).

• Vendor Management.  Rainmaker can round out your due diligence needs by managing the entire third-party reporting process including RFP's, bid negotiations, scheduling and monitoring of vendor site access, report reviews, and related services.  Rainmaker offers a low hourly rate to provide this ongoing services program for your vendors.

• Seller File Management.  Rainmaker can create a comprehensive filing for all transaction related documents of the Seller and transmit the entire file electronically to the client, saving time, money, and organizational effort.

Contact us today to learn more about what we can do together.  We're just a phone call away from your next meeting.