Commercial Building Consulting ServicesFor every stage in the life of your project.
Property Condition Assessment (PCA)
Underwriting lenders, building owners, investors, and prospective purchasers need current information concerning the physical condition of commercial buildings. CBC performs debt and equity side due diligence evaluations for clients nationwide. Whether it is a PCA for mortgage financing purposes or to determine immediate repair and maintenance costs, a baseline Property Condition Assessment provides a detailed report identifying physical deficiencies and cost estimations for financial and strategic consideration. The “Standard Guide for Property Condition Assessments,” in accordance with the ASTM 2018-15, is used to evaluate current construction conditions. CBC’s experienced building inspectors conduct thorough walk through surveys. Then they return to the office to report in detail, the site-specific issues every lender, owner, or potential investor needs to know.
Property Condition Report (PCR)
You can expect the outcome of the PCA to be summarized in a lengthy Property Condition Report (PCR), that identifies system-by-system, all issues and recommendations concerning deferred repairs and maintenance. This narrative, written with concise descriptions and assessments, includes supporting photographs and documentation. Other associated items in the PCR include cost tables with data, repair costs, and estimations. Expected Useful Life (EUL) and Remaining Useful Life (RUL) for all site systems, such as HVAC, plumbing, electrical, elevators, escalators, and roofing, is detailed in the PCR that CBC provides for every Property Condition Assessment. This professional report, the PCR, specifically outlines the physical deficiencies of the building site, including: drainage, paving, curbing and parking, retaining walls, and other exterior surfaces. The building site “envelope” evaluation includes all exterior windows and walls. Structural considerations, such as the foundation and framing examinations are reviewed; Life Safety and ADA access evaluations are conducted, along with a review for code compliance, air quality, and other pertinent items. CBC is thorough, often alerting clients of unknown deficiencies.
I have been fortunate enough to work with CBC on a number of projects during my career, ranging from the renovation of a 276 unit multi-family property in Alabama to completion of a high-end Miami condo development. CBC has an extremely critical eye when it comes to sticks and bricks of real estate. In addition to extensive background in construction and engineering, CBC is unbelievably successful in finessing relevant information from any and every source, which makes them a tremendous asset when evaluating a property. CBC catches every physical detail, but is also versatile enough to take a step back and look at the property from the unique perspectives of owners, lenders and investors alike.Kurt Spring