As part of our complete line of services for lenders, syndicators, and investors, Moran Consultants offers Property Condition Assessments (PCA). Also referred to as a Capital Needs Assessment (CNA) or Commercial Building Assessment (CBA), this report offers a high-level understanding of the condition of a building or facility. During our assessment, one of our experienced, in-house consultants will evaluate the building systems and classify them on a good, fair, or poor rating. They will also identify any immediate cost repairs and/or short-term repairs that would require attention within the first 12 months. Our team can also provide a replacement reserve table that can be calculated on a 7-year, 10-year, 12-year, or 15-year term.
Why Choose A PCA From Moran Consultants?
Investors, lenders, and insurers often require Property Condition Assessments to identify potential property issues and determine the property’s current value with an enhanced level of accuracy. However, a Property Condition Assessment can also help buyers negotiate a lower offering price if the assessment shows areas of concern. Due to its importance, you want to make sure you are getting a comprehensive report laying out all building details and potential risks. Moran Consultants’ PCAs are created under the current industry standards as defined by ASTM E2018-15 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. Meeting the requirements to perform a PCA for Freddie Mac / Fannie Mae, a report for these properties can be made as well. No matter what your needs may be, our company strives to create a personalized service that is hand-crafted to meet your standards. Below you can find a list of what is included in one of our Property Condition Assessments.
Moran Consultants’ PCA Scope of Work:
- Visual Observation of the Site
- Interviews with On-Site Staff
- Building Department and Fire Marshal’s Report Records Search
- Evaluation of Building Systems
- Mechanical, Electrical, Plumbing
- Vertical Transportation (Elevators, Staircases)
- Building Evaluation
- Interior Finishes
- Building Envelope
- Site / Civil Improvements Evaluation
- Site Elements
- ADA Compliance Evaluation
- Multi-Family Federal Fair Housing Act Compliance Evaluation
- Environmental Risks
With over 50 years of industry experience, our consultants can help you make an informed decision before making a critical investment. Not only is the information gained from a Property Condition Assessment critical for negotiating the purchase price, but it is also vital in the development of a complete renovation scope and budget, as well as planning for capital expenditures over the term. You can learn more about the importance of acquiring a Property Condition Assessment in our blog ‘The Importance of Capital Needs Assessments (CNA) or Property Condition Assessments (PCA) Prior to the Purchase of Commercial Real Estate’. Call us today at 866-545-3350 or contact us online to begin the process and see how Moran Consultants can help you make an informed decision on your investment.
Want to be notified of upcoming news? Subscribe below!