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Tag Archives: Property Condition Report

Environmental Due Diligence | SBA Real Estate Finance

Summary of the SBA’s SOP Environmental Policy Revisions in SBA SOP 50 10 5 (C)

Posted on by Gary Reynolds

The SBA published their latest update their environmental policy in SOP 50 10 5 (C).    The SOP revisions take effect on October 1st, 2010 we should all bone up on a few of the new elements of SOP 5010 5 (C) (pages 199 – 206 & 310 – 317). One now technical, but important point,…

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Environmental Due Diligence | Freddie Mac/Fannie Mae

Freddie Mac Environmental and Engineering Best Practices

Posted on by Erika Petty

On Monday, Freddie Mac released guidance on best practices for engineering and environmental reports.  The guidance notes common report issues, advises methods for selecting the best consultants and evaluating environmental and engineering consultant reports, and notes specific responsibilities. Common errors noted include failure to follow requirements of the Freddie Mac Multifamily Seller/Servicer Guide such as…

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Energy | Environmental Due Diligence

Property Condition Report, What is Included?

Posted on by Joe Derhake PE

Property Condition Report What is included in a Property Condition Report (PCR)? The short answer is that the Property Condition Report evaluates all improvements.    Most Property Condition Reports done for lenders are done within the scope and limitation of the ASTM Standard E2018.  My firm, Partner Engineering and Science, typically defines the scope as follows: Conduct…

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