HUD’s version of a Property Condition Assessment, called a Project Capital Needs Assessment (PCNA), is a much different beast than the engineering assessments required for other multifamily lenders including Fannie Mae and Freddie Mac.
Low and Slow. HUD/FHA loans will have a lower interest rate but the financing process will take longer, due to a greater level of oversight and coordination. The same goes for HUD Project Capital Needs Assessments. Because many of the integral parts of the PCNA are reliant on various sources of information, it is vital that all parties involved (including the Lender, Appraiser, and Engineering Consultant) coordinate the flow of information, which takes time.
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February 03, 2025
Do you have portfolio expansion needs in multiple states? If so, you will need Geotechnical Consulting services to help with site selection, to check for geologic hazards and soil conditions, vet the quality of existing site features to remain in-place, and/or to support project design and construction.
January 31, 2025
Partner’s Emergency Fire Response Services As wildfires have become regular occurrences in southern California, Partner recognizes the difficulties that property owners face to bounce back. Partner’s experienced multi-disciplinary team is […]
January 28, 2025
In this Partner newsletter, we are taking deep dives into several urgent topics in commercial real estate, including evaluating and mitigating transition risks, how property resilience measures may impact the insurability of assets, and PFAS risk assessment and remediation strategies.
