ASSURE ABSTRACT EDUCATION SERIES
Commercial Due Diligence
with Kristin Pelatti
MARCH 23, 2023
1:00 PM EST
Virtual Only via ZOOM
371 S Oyster Bay Rd. Plainview, NY 11803
Requirements For NYS Licensed Real Estate Salespersons, Brokers, And Realtors
Commercial due diligence in the context of real estate refers to the process of evaluating the potential risks and opportunities associated with a proposed real estate investment. This process involves a detailed analysis of various aspects of the property, including its physical condition, location, tenancy, lease agreements, zoning regulations, environmental factors, and financial performance.
The following are some key components of commercial due diligence in real estate:
Physical inspection: A thorough physical inspection of the property is conducted to identify any potential issues, such as structural problems, environmental hazards, or building code violations.
Market analysis: A detailed analysis of the local real estate market is conducted to assess demand, supply, and pricing trends. This helps to evaluate the potential for rental income and capital appreciation.
Financial analysis: A detailed financial analysis is conducted to evaluate the property’s cash flow, profitability, and potential return on investment. This involves analyzing the property’s income statement, balance sheet, and cash flow statement.
Tenant analysis: A review of the property’s tenancy is conducted to assess the quality and stability of the tenants, lease agreements, and any outstanding arrears.
Legal review: A legal review is conducted to evaluate the property’s compliance with zoning regulations, building codes, and environmental laws. This helps to identify any potential legal or regulatory issues that may impact the property’s value or marketability.
Risk assessment: A risk assessment is conducted to identify potential risks, such as changes in the economic environment, interest rates, or supply and demand dynamics, that may impact the property’s performance.
What you will learn
About Our Instructors
Kristin R. Pelatti is a real estate/land use attorney and CEO of Assure Abstract. Kristin attended Siena College earning a B.S. in Accounting and Pre-Law Certificate. While in college, Kristin received her real estate license and began working as a salesperson at Keller Williams Hudson Valley Realty. As college went on her love for real estate and law grew and she was accepted into the accelerated program at Pace University School of Law. Kristin was on the executive board of the Pace Environmental Law Review and an active volunteer in the Land Use Law Center. Kristin graduated in 2018 with her Juris Doctor with a concentration in Real Estate and Land Use Law. Kristin was admitted to the New York State Bar and began practicing as a Real Estate and Land Use attorney. While practicing, she was accepted into a Fellowship at Pace University School of Law as the Land Use Law Fellow and received her LLM in Environmental Law with a concentration on Land Use and Sustainable Development. Kristin actively worked at this time with the Land Use Law Center facilitating numerous trainings for land use board of municipalities within New York. After her Fellowship, Kristin worked at MarksDiPalermo, PLLC as a Real Estate and Municipal Law Associate. In this positions she served as Deputy Corporation Council for the City of Rye. Kristin continued to represent buyers, sellers, lenders and investors in real estate transactions and as counsel for developers in various development projects appearing before land use boards for approvals needed. In 2021 Kristin co-founded Assure Abstract a title company focused on serving the Hudson Valley not only through title services but its philanthropic efforts to assist the communities it serves. Kristin is a member for BNI Alliance Builders and the New York State Bar Association.