“Legal Due Diligence Issues in Real Estate Purchase Transactions”
The Real Estate Finance Journal 03/06/07 By Everett S. Ward
Below is an excerpt:
The primary purpose of due diligence is to obtain information, and the extent and type of due diligence that purchaser's counsel may undertake will depend on, among other factors:
(i) the risk profile and business objectives of the purchaser;
(ii) the type of real estate asset involved;
(iii) the time frame for completion of the transaction;
(iv) the cost of conducting due diligence; and
(v) whether the purchaser will obtain third party financing either pre-transaction or post-transaction closing.
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Originally published in The Real Estate Finance Journal, March 6, 2007