Property
Property Location
Property Marketability – how quickly can the property be sold in the current market
Lien Position – first position required
Income from Property (will the proforma service the debt)
Structure
Loan to Value Ratios
Transaction Structure (total capitalization of the project)
Clean Title
Borrower
Financial Status of Borrower
Exit
What are the Exit Alternatives
Does the structure/timing support a reasonable expectation that the loan will be refinanced at exit