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.
Continue reading the GlobeSt blog here.
May 12, 2025
Survey Insights into the Construction Industry’s Response to Tariffs By Robert W. Barone, R.A., LEED AP, Director of Construction Services at Partner Engineering and Science, Inc. | Published May 12th, […]
May 05, 2025
Bolstered by limited supply and a light construction pipeline, retail real estate is performing well and is expected to continue to perform through 2025. The industry is experiencing low vacancy and high rent spreads that are contributing to positive outcomes.
May 09, 2025
CHICAGO, IL – Partner Engineering and Science, Inc. is pleased to welcome Justin Arias to the position of Director based out of Chicago, Illinois l Mr. Arias brings over a decade of leadership experience to this role and a focus on operational management and organizational leadership.
