In preparation for Backer due diligence, you will need to stand up a virtual dataroom. For this, we recommend you use a virtual dataroom service that allows you to track investor engagement (e.g. Docsend).
At the minimum, your dataroom should include:
An overview speaking to your historical performance
Material speaking to the performance of your borrowers
Transaction structure and security overview document explaining how security works in the instance of a default
Agreements you have in place with your borrowers
Deal Specific Documentation such as:
Term sheets
Loan Agreements
Security Agreements
Any other transaction documents you think necessary