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Answering a Few Questions about LA’s Seismic Retrofit Ordinances

SEISMIC RETROFIT ORDINANCES ARE NOW IN EFFECT IN SAN FRANCISCO AND LOS ANGELES Although seismic retrofit ordinances are now fully in effect in San Francisco and Los Angeles, many property […]

Can Retrofit Ordinances Create Liability Risk?

THE AIM OF SEISMIC RETROFIT ORDINANCES IS TO CREATE A MORE SEISMICALLY RESILIENT BUILDING STOCK, LIMIT… …costly damage, and most importantly – protect life safety of building occupants in case […]

Building Seismic Safety Gaining Political Momentum

ACROSS THE STATE OF CALIFORNIA, SEISMICALLY UNSOUND BUILDINGS ARE GAINING THE POLITICAL ATTENTION NEEDED… …to create and enforce regulations to address risk. Last week, the City of Los Angeles announced a policy […]

Fannie Mae Guidelines Approaching, Lenders Still Have Questions

FANNIE MAE’S NEW MULTIFAMILY GUIDELINES FOR UNDERWRITING AND DUE DILIGENCE… …are less than a week from implementation, and additional revisions were just released on January 27th. As the industry readies […]

New San Francisco Seismic Ordinance

A RECENTLY PASSED SAN FRANCISCO ORDINANCE WILL REQUIRE SEISMIC RETROFITS OF BUILDINGS Recently, San Francisco passed a mandatory Soft-Story Retrofit Ordinance that will require a seismic retrofit of existing buildings […]

Freddie Mac Announced New Seismic Policy

FREDDIE MAC ANNOUNCED ITS NEW SEISMIC RISK POLICY FOR MULTIFAMILY SELLER/SERVICERS TO FOLLOW… …on April 24, 2013. Mark Field, Underwriter for the Targeted Affordable Group, summarized the new procedures on […]

A Second Serving of Risk

As We Look Back on the Year and Ready Ourselves for a New One, It Is a Perfect Time For Lenders to Ask: “Are my risk management policies protecting me […]

When Do You Need to Think About Seismic Risk?

How Do You Know When You Need to Consider Seismic Risk? Several Seismic Zone Maps Can Provide Direction. Most structured finance lenders—CMBS, Fannie Mae, Freddie Mac—and most life companies require […]

Understanding Probable Maximum Loss Reports

With Lending Back in The Swing of Things, Understanding This Process Can Be Crucial for Asset Owners. Structured finance is back, and with it comes all of the due diligence […]

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