What every HUD lender must know about the latest MAP Guidance
On January 29th 2016, HUD published revisions to its MAP Guide. Specifically, the changes impact the specific underwriting requirements relating to environmental, energy, accessibility, radon, and reserve analysis studies that must be performed during the due diligence stage. The revisions include the ability to provide more loan dollars for qualified properties due to less stringent coverage requirements and higher underwritten loan to values and the ability to include more repairs in your mortgage under section 223(f) due to an increase in the maximum per unit cost of rehabilitation allowed.
Moderated by Bradley Fountain, Director of FHA HUD Services at Partner, a panel of HUD due diligence experts including Joseph R. Lephew, LEED AP, Angelique Crews, and energy sustainability expert Tony Liou, will provide an overview of the changes, and their boots on the ground perspective on the impact on HUD opportunities. This webinar will dig into the following due diligence requirements that every HUD lender and borrower should be aware of:
The Intersection of Technology and CRE
How technology can offer a competitive advantage, but also creates new risks for CRE investors, owners, lenders and brokers.
Technology is having a profound impact on the way we use, build, and transact commercial real estate assets. It’s making our buildings smarter, and facilitating dynamic data that helps us make better, more informed investment and underwriting decisions. But, it’s also creating new risks: changing the demands we place on buildings, altering their value proposition, and creating new security concerns.
Joe Derhake, PE meets up with 5 experts to talk about the next big thing in CRE, and to find out how we can stay ahead of new risks while taking advantage of the new opportunities technology presents.
LA Seismic Retrofit Ordinance – What Owners and Lenders Need To Know
Late last year, the City of Los Angeles enforced a Seismic Retrofit Ordinance, which mandates the structural strengthening of the city’s vulnerable buildings in coming years in an effort to protect the city against major losses in case of the next major earthquake. The LA ordinance targets wood-framed soft-story and non-ductile concrete buildings, and is expected to impact more than 13,000 properties. San Francisco and several other cities across California have previously implemented similar seismic ordinances, with more cities expected to follow suit.
LA’s ordinance is the country’s most extensive to date, and will have a significant impact on property owners, as well as lenders who need to underwrite for the expense of potential retrofits. This educational webinar will provide information to help those lenders, owners, investors and brokers address new requirements as efficiently as possible. Joe Derhake, CEO of Partner will be joined by structural engineers as well as financing and insurance experts to clarify a number of key questions, including:
New 2016 ALTA Standards – Learn how this affects you!
After two years of committee meetings and discussions, the new ALTA/NSPS Land Title Survey Standards will go in to effect February 23, 2016. There have been significant changes that impact both the responsibilities of the surveyors and the client who is ordering the survey, a solid understanding of these new standards in essential for those purchasing or reviewing these surveys.
Frank S. Romeo, President of Partner Engineering and Science, Inc. moderates a panel of technical experts including James Davenport, PS, Martin Tirella, PLS, and Chris Daniels, PLS to explain what changes have been made and how this affects requirements for your ALTA surveys.
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