Due Diligence Work in Mexico
Partner conducts numerous environmental and engineering assessments on properties located throughout Mexico.
Phase I Environmental Site Assessment
A Phase I Environmental Site Assessment is the gold standard for evaluating the environmental liability associated with a real estate asset. Partner is truly an expert at the implementation of the ASTM 1527-2000 and ASTM 1527-2005 standards. Our Phase Is are done by Environmental Professionals who meet the requirements of the EPA's new AAI Standard.
Our experience in Phase Is dates back to before the creation of the ASTM Standards. Having performed Phase Is on tens of thousands of properties, we offer our clients a perspective on every property type.
"All Appropriate Inquiries" Rule
The EPA's All Appropriate Inquiries Rule governing the scope of Phase I Environmental Site Assessments went into effect on November 1, 2006. The real estate industry's response was mixed, with some lenders adopting the new standard and other lenders holding on to the ASTM 1527-2000.
Partner is providing both types of reports to the industry. Our key executives have been instrumental in instructing lenders by speaking at conferences and conducting seminars on the advantages of the new AAI Standard.
Property Condition Assessments and Building Evaluations
CMBS Lenders, insurance lenders, and some portfolio lenders routinely order Property Condition Assessments (PCA). Partner prepares PCAs to meet the requirements of rating agencies such as Standard and Poor's, as well as to the scope of work defined by ASTM E2018.
Partner's PCA reports discuss all major building systems and site improvements and includes a Replacement Reserve Table and an Immediate Repairs Table. The Immediate Repairs Table indentifies Capital Needs and prices all failing or damaged building systems and life safety issues.
Real Estate Investors
Real Estate Investors are interested in insuring that their investment is a solid one, with no surprises. Partner tailors our investigations to the asset and the investor's concerns. Partner can perform extremely thorough building evaluations where all major systems are tested and evaluated.
While more thorough evaluations are generally more expensive, Partner often saves our clients money well in excess of our fee by identifying major building deficiencies prior to our client taking ownership.
While our assessors are very knowledgeable, our assessments can be enhanced by our network of specialists. Partner maintains relationships with expert specialists in every building system. The specialist reports can then be folded into our Property Condition Assessment Report.
Probable Maximum Loss
The Probable Maximum Loss, the PML, is the premier tool used by real estate investors and lenders to evaluate how buildings will behave during a seismic event. Partner's clients can trust that the PML report will accurately identify assets with high seismic risk.
To assist in the underwriting transaction, Partner performs Seismic Damageability Assessment/Probable Maximum Loss reports. In preparing a PML, Partner evaluates the likely costs incurred from seismic damage to structures on a given site. Partner's licensed engineers inspect and discuss building types, critical connections, local soil conditions, and local seismic activity to use in calculating the PML for 50 years and/or 500 years. The PML is intended to suggest how the property will be affected by a probable seismic event, not guarantee how the property will perform in a seismic occurrence.
Partner prepares PMLs to meet the requirements of the scope of work defined by ASTM E 2026-99 Standard Guide for Estimation of Building Damageability in Earthquakes (the Standard), as well as adhering to Scenario Upper Loss (SUL) as identified in the Standard. Partner also utilizes the Modified Mercalli Intensity Scale to consider the reduction, or attenuation, or ground motion at the distance between source and site increases, the scale is calibrated I to XII.
