When you invest in a commercial property, you should always order a property condition assessment (PCA) as part of your due diligence process. The PCA (also called a “facility condition assessment” or FCA) is the commercial equivalent of the home inspection. Because of the relative complexity and size of the commercial investment, however, it is…
In commercial construction lending, the plan and cost review (PCR) is a standard part of the underwriting process. So standard, that most lenders don’t think much about who provides the PCR or what’s in it, so long as it gets done. That’s a mistake. A thorough, accurate, and expert PCR can prevent costly mistakes, while…
We don’t have to tell you that construction lending is high risk and that the more complex the project, the more risks there are. As part of construction lending due diligence, most institutions require a Plan and Cost Review (PCR). What many lenders don’t know, however, is that not every PCR provider has the expertise…
As we head into the new year, we like to look back to see which of our posts you enjoyed in the previous year, so we can bring you more of what you want. We thought it would be fun for you to see which of our posts were the most popular in 2017. Based…
Outsourcing is not a new phenomenon in the business world. Businesses of all sizes enjoy the benefits of focusing on their core expertise while outsourcing non-core functions to other companies. For many large organizations such as hospitals and universities, facilities management and construction management are routinely handled by outside companies. What is new is the…
Hurricane Harvey flood waters have largely receded from Houston, and Hurricane Irma has long since passed through Florida, both leaving massive water damage in their wakes. Many people continue to be homeless or displaced, and many businesses are unable to operate. Hundreds of residential and commercial buildings remain unusable due to water damage. Our teams…
Mercury was a common component of rubberized athletic flooring for two decades, between the 1960’s and 1980’s. It was used as a catalyst with liquid polymers and other components to form a solid rubber-like material that was touted as an excellent replacement for older wood floors. Thirty years later, many of these floors are nearing…
Whether you’re buying new property, planning a new use for an existing property, or simply caring for your property as it is, inspections are a regular part of commercial property ownership. It’s also a part of property ownership that is rapidly changing, becoming better, faster, and cheaper, thanks to new technologies. Here are three technologies…
