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USDA

USDA Rural Development has specific engineering and environmental due diligence requirements for multifamily housing financing.

USDA Rural Development Engineering Due Diligence

The USDA Rural Development engineering due diligence requirements entail a Capital Needs Assessment, which is required for new construction loans, rehabilitation loans, transfers of ownership, loan servicing, and the Multifamily Housing Preservation and Revitalization Program (MPR). The Capital Needs Assessment or "CNA" includes a description of the property, condition of all materials and systems, accessibility issues, environmental issues, and immediate and long term estimated repair / replacement / improvement costs and schedules.

USDA Rural Development Environmental Risk Management

The USDA Rural Development environmental review typically includes the following: 1) a USDA NEPA review; 2) a USDA Phase I Environmental Site Assessment; 3) Form 1940-20 Request for Environmental Information; 4) lender comments regarding off-site conditions; 5) a Land Survey; and 6) a FEMA 81-93 Standard Flood Hazard Determination.

Your USDA Due Diligence Experts

Partner can handle all USDA Rural Development requirements from soup to nuts.  We are experts in CNAs, Phase I Environmental Site Assessments, NEPA reviews, ALTA Surveys and Flood Hazard Determinations.  Let us be your one stop shop for USDA due diligence!