Partner’s Technical Director – Structural Engineering, Joshua Marrow, PE and Principal, Jenny Redlin, REA presented an informative webinar today regarding the Essentials of Seismic Risk Assessments. This hour long presentation covered many important topics such as; Why do we perform Seismic Risk Assessments? Who are Seismic Risk Assessment Users? Why a Seismic Risk Assessment is Pruden... Read More »
Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems are evaluated for short a... Read More »
Commercial Real Estate Due Diligence Underwriters, analysts, and loan officers who want to deepen their knowledge of Commercial Real Estate Due Diligence are well served to learn a little about each type of third party report that is needed to underwrite a commercial real estate transaction. Five of the most commonly required commercial real estate due diligence reports are Phase I Environme... Read More »
Environmental and engineering due diligence in relation to real estate transactions often poses questions about how, when and why. As an industry leader in providing assessments, Partner had taken to task to also be industry leaders in educating the real estate industry on the When of ordering a report, the Whys, the Hows, and the effects of the report once received. After publishing three videos ... Read More »
The Property Condition Report is a due diligence tool that helps buyers and lenders of real estate to understand the condition of the asset they are buying. The most important section of the Property Condition Report is the Immediate Repairs table and the Replacement Reserves Table, where we express to the report user the capital spending that needs to happen in the near term and long term res... Read More »
We hope this video will help inform the commercial real estate industry about the purpose of a PCA, the PCA process, and the value of the Property Condition Report (PCR). Read More »
The SBA published their latest update their environmental policy in SOP 50 10 5 (C). The SOP revisions take effect on October 1st, 2010 we should all bone up on a few of the new elements of SOP 5010 5 (C) (pages 199 – 206 & 310 – 317). One now technical, but important point, is that the Reliance Letter has had a revision and the Reliance Letter from SOP 5010 5 (B) will no longer be a... Read More »
On Monday, Freddie Mac released guidance on best practices for engineering and environmental reports. The guidance notes common report issues, advises methods for selecting the best consultants and evaluating environmental and engineering consultant reports, and notes specific responsibilities. Common errors noted include failure to follow requirements of the Freddie Mac Multifamily Seller/Servi... Read More »
