Common use of Transaction-Specific Due Diligence Materials Clause in Contracts

Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider material, (b) the Asset Information and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a cash flow pro-forma, plus historical information; (e) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (f) indicative debt service coverage ratios; (g) indicative loan-to-value ratios; (h) a term sheet outlining the transaction generally; (i) a description of the Mortgagor and sponsor, including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and financial statements; (j) a description of Seller’s relationship, if any, to the Mortgagor and sponsor; and (k) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (Realty Finance Trust, Inc.)

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Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider material, (b) the Purchased Asset Information Schedule and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a cash flow pro-forma, plus historical information; (e) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (d) a current rent roll and roll over schedule; (e) a cash flow pro-forma, plus historical information; (f) indicative debt service coverage ratios; (g) indicative loan-to-value ratios; (h) a term sheet outlining the transaction generally; (i) a description of the Mortgagor Borrower and sponsor, including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and financial statements; (j) a description of Seller’s relationship, if any, to the Mortgagor Borrower and sponsor; and (k) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (Starwood Property Trust, Inc.)

Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider material, (b) the Asset Information and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a cash flow pro-forma, plus historical information; (e) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (f) indicative debt service coverage ratios; (g) indicative loan-to-value ratios; (h) a term sheet outlining the transaction generally; (i) a description of the Mortgagor Borrower and sponsor, including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and and, if available, financial statements; (j) a description of Seller’s relationship, if any, to the Mortgagor Borrower and sponsor; and (k) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (TPG RE Finance Trust, Inc.)

Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, risks and all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider materialIssues, (b) the Asset Information and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a copy of the sponsor’s business plan, including indicative debt yield (based on net operating income after free rent periods, if any) (e) a cash flow pro-forma, plus historical information; (ef) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (fg) indicative debt service coverage ratios; (gh) indicative loan-to-value ratios; (hi) a term sheet outlining the transaction generally; (ij) a description of the Mortgagor Borrower and sponsor, including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and financial statements, if available; (jk) a description of Seller’s relationship, if any, to the Mortgagor Borrower and sponsor; and (kl) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

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Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider material, (b) the Asset Information and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a cash flow pro-forma, plus historical information; (e) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (f) indicative debt service coverage ratios; (g) indicative loan-to-value ratios; (h) a term sheet outlining the transaction generally; (i) a description of the Mortgagor Mortgagor, sponsor and sponsorMezzanine Borrower (if applicable), including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and financial statements; (j) a description of Seller’s relationship, if any, to the Mortgagor Mortgagor, sponsor and sponsorMezzanine Borrower (if applicable); and (k) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (Colony Credit Real Estate, Inc.)

Transaction-Specific Due Diligence Materials. Each of the following: (a) a summary memorandum outlining the proposed Transaction, including transaction benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the Eligible Asset that Seller believes a reasonable buyer would consider material, (b) the Asset Information and, if available, maps and photos of the underlying real estate directly or indirectly securing or supporting such Eligible Asset; (c) a current rent roll and roll over schedule; (d) a cash flow pro-forma, plus historical information; (e) a description of the underlying real estate directly or indirectly securing or supporting such Eligible Asset and any other collateral securing such Eligible Asset, the related collateral securing such Eligible Asset, if any; (f) indicative debt service coverage ratios; (g) indicative loan-to-value ratios; (h) a term sheet outlining the transaction generally; (i) a description of the Mortgagor Borrower and sponsor, including experience with other projects (real estate owned), their ownership structure (including, without limitation, the board of directors, if applicable) and financial statements; (j) a description of Seller’s relationship, if any, to the Mortgagor Borrower and sponsor; and (k) copies of documents evidencing such Eligible Asset, or current drafts thereof, including, without limitation, underlying debt and security documents, guaranties, the underlying borrower’s and guarantor’s organizational documents, warrant agreements, and loan and collateral pledge agreements, as applicable, provided that, if same are not available to Seller at the time of Seller’s submission of the Due Diligence Package to Purchaser, Seller shall deliver such items to Purchaser promptly upon Seller’s receipt of such items.

Appears in 1 contract

Samples: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.)

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