The Commercial Real Estate Informational Portal

Welcome to

Welcome to the Commercial Real Estate Expert Blog! A host of industry leading real estate professionals, lawyers, and consultants providing the latest in real estate relevant news and advice.

No substitute for experience when it comes to HUD Project Capital Needs Assessments

Due to market conditions, the last few years have seen an increase in HUD/FHA loans.  In turn, the need for HUD due diligence reports has increased.  Consultants who have specialized in this area in the past have a backlog of work for several weeks, and in some cases, months.  As the law of supply and demand would dictate, consultants who had avoided HUD work in the past (very good consultants) are now attracted to both the availability of work and higher fees offered by this market sector.  Who can blame them?  Unfortunately, when it comes to a HUD PCNA, Phase I ESA, or A&E/Cost review, there is no shortcut, no Cliffs notes, no winging it and absolutely no substitute for experience.