Major structural, electrical, plumbing and HVAC components of each structure, as well as site improvements, are carefully examined for condition, status of completion, life cycle costs, sufficiency for their intended use, and extent of defects and depreciation in a Property Condition Assessment report. Inspectors at Orr Environmental Solutions, LLC (OES) conduct interviews with site personnel, perform document reviews, and conduct walk-through surveys noting the physical condition of the building systems and components of a Property Condition Assessment report.
Systems surveyed in a Property Condition Assessment will include the following:
Site and Grounds – pavement, curbs, loading docks, walks, landscaping, irrigation, site drainage, exterior lighting, walls, fencing/railings, signage and exterior amenities.
Structural Systems – Foundations and structural framing of walls, columns, intermediate floors and roofs.
Building Envelope – Roofing systems, exterior finishes, stairs and steps, exterior doors and windows.
Interior Building Components – Interior finishes of common areas and tenant areas. Condition of soft goods will not be assessed.
Mechanical Systems – Property-owned electrical, heating ventilation/ air conditioning, plumbing and conveyance systems.
Regulatory Compliance – Life safety, fire suppression systems, and general visual review of property compliance to the Americans with Disabilities Act (ADA). OES services include contacting the local building, zoning, and fire department / authorities to identify any currently outstanding building or fire code violations at the subject property.
Upon completion of the physical property condition assessment, OES Consultants will provide a Property Condition Report (PCR) outlining the systems and components along with any deferred maintenance or deficiencies observed. Based on industry standard, OES then formulates a list of immediate repairs and costs that will be incurred during the life of a loan. Immediate repairs can be defined as significant building code violations, fire code violations, safety concerns and deterioration to the building caused by deferred maintenance. In addition to the assessment, OES develops a Modified Capital Reserves Schedule that approximates repairs and replacement costs most likely to occur over the evaluation period. This schedule allows the client to plan for large expenditures in advance of their replacement.
OES’ PCA reports comply with industry standards based on ASTM E-2018-15 requirements along with Freddie Mac, Fannie Mae or HUD guidelines.
Environmental professionals at Orr Environmental Solutions, LLC are committed to quick turnaround times and thorough evaluation to enable you to promptly make business decisions based upon reliable environmental determinations. Orr Environmental Solutions, LLC understands that providing fast, thorough, cost-effective answers to your environmental questions is critical.
The value of doing business with Orr Environmental Solutions, LLC is three-fold: 1) credentialed professionals that listen to the specific needs of the client, 2) follow through according to those specific needs, 3) a finished product that has full support of Orr Environmental Solutions, LLC professional staff.
From start to finish, Orr Environmental Solutions, LLC will furnish environmental determinations you need to get business done.
PCAs allow buyers, sellers, and lenders to evaluate the condition of their property and assess its potential risk. The purpose of a PCA is to observe and report on the physical condition of the subject property and to provide professional recommendations regarding future issues including financial risk or liability to the client.