Tenant Credit Rating

5290 Overpass Road, Suite 122, Santa Barbara, CA 93111
Ph: (805) 683-2755 Fax: (805) 683-4751
Email: alliance@alliance2.com

Review Letter

This option is designed for scrutiny of tenants where square footages and TI investments will be relatively small. Our analysis includes a review of available financial statements that are typically internally generated. The goal is to highlight any areas of obvious financial weakness that might exist and assess how that translates into tenant risk (see sample letter). We also make suggestions about whether credit enhancements seem warranted.

Estimated fee range:* $100 - $400

Note:*
The pricing on the reports is presented in estimated ranges since analytical projects vary widely in the complexity of financial documents, availability of market data, the cooperation of management, and other project-specific issues. The estimated fee schedules assume that a single company or market is being examined. The scrutiny of technology-based companies often requires specialized research efforts: markets are frequently ill defined; the ability of management to productize a technology must be judged; and complex technologies need to be examined.

Expenses are in-addition to analytical fees.

All invoice payments are due on a net 30 day basis unless alternative arrangements are made prior to the start of a particular project.

	5290 Overpass Road, Suite 122, Santa Barbara, CA 93111 Ph: (805) 683-2755 Fax: (805) 683-4751 Email: alliance@alliance2.com
Review Letter
This option is designed for scrutiny of tenants where square footages and TI investments will be relatively small. Our analysis includes a review of available financial statements that are typically internally generated. The goal is to highlight any areas of obvious financial weakness that might exist and assess how that translates into tenant risk (see sample letter). We also make suggestions about whether credit enhancements seem warranted. *Estimated fee range: $100 - $400**

Note:* The pricing on the reports is presented in estimated ranges since analytical projects vary widely in the complexity of financial documents, availability of market data, the cooperation of management, and other project-specific issues. The estimated fee schedules assume that a single company or market is being examined. The scrutiny of technology-based companies often requires specialized research efforts: markets are frequently ill defined; the ability of management to productize a technology must be judged; and complex technologies need to be examined. Expenses are in-addition to analytical fees. All invoice payments are due on a net 30 day basis unless alternative arrangements are made prior to the start of a particular project.