Property Condition Assessments

Property Condition Assessments and Building Evaluations

Partner performs Property Condition and Building Assessments for lenders and real estate investors.

Lenders

CMBS Lenders, insurance lenders, and some portfolio lenders routinely order Property Condition Assessments (PCA). Partner prepares PCAs to meet the requirements of rating agencies such as Standard and Poor’s, as well as to the scope of work defined by ASTM E2018.

Partner’s PCA reports discuss all major building systems and site improvements and includes a Replacement Reserve Table and an Immediate Repairs Table. The Immediate Repairs Table indentifies Capital Needs and prices all failing or damaged building systems and life safety issues.

Real Estate Investors

Real Estate Investors are interested in insuring that their investment is a solid one, with no surprises. Partner tailors our investigations to the asset and the investor’s concerns. Partner can perform extremely thorough building evaluations where all major systems are tested and evaluated.

While more thorough evaluations are generally more expensive, Partner often saves our clients money well in excess of our fee by identifying major building deficiencies prior to our client taking ownership.

While our assessors are very knowledgeable, our assessments can be enhanced by our network of specialists. Partner maintains relationships with expert specialists in every building system. The specialist reports can then be folded into our Property Condition Assessment Report.

Property Condition Assessment:

Scope

Site Assessment

Interviews

City Building Department

Building Systems Evaluated

HVAC Systems

Elevators

Plumbing

Data and Telephone

Boilers

Electrical

Fire Suppression Systems

Building Evaluation

Foundation

Structure

Roof Diaphragm

Interior Finishes

Building Envelope

Site Improvements Evaluated

Pavement

Drainage

Signage

Lighting

ADA Access

Mexico Due Diligence work Fannie Mae and Freddie Mac Due Diligence work