Architectural & Engineering Due Diligence
Our team of engineers possesses the experience and skills to deliver thorough due diligence on office or industrial buildings, warehouses, retail centers or apartment complexes. Our experience over the past decades includes providing analysis of individual buildings and large portfolios from 3,000 square feet up to 1,000,000 square feet. In performing a property condition assessment, we complete a site inspection to observe the property, improvements and evaluate their apparent physical condition. These improvements include a review of the following major property systems: site improvements, building structures, building envelope, interior finishes and fixtures, mechanical and electrical systems and life safety and building codes. In addition to our inspections, we also review available documentation such as maintenance records and building plans, conduct interviews with personnel associated with the project’s operation, and review municipal records at the local building and fire departments to ascertain the nature of any outstanding violations. Using the information obtained, we evaluate the cost of repairs, replacements and significant maintenance items and provide our clients with a cost estimate for the immediate needs at the subject property, as well as the ongoing capital reserves the property will require throughout a loan term. This information assists the client in their decision-making process regarding loan financing and operating costs, as well as with portfolio management for acquisitions.