[vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text]From an investor’s perspective, an accurate appraisal is crucial for any multifamily investment. The process of developing an adequate multi-family property appraisal is unique because every rental apartment building will differ in location, interior & exterior renovations, parking availability, suite mix, layout and sizes, zoning & re-development potential. All these factors will combine to result in differing appraised values of the asset. It is important for an appraiser to clearly & concisely communicate what they know about the current market and the specific multi-family property they are assessing. Experienced appraisers mirror the actions of buyers and sellers in the market in order to give their opinion of the most probable selling price for the multi-family property. To support their market value, an appraiser should provide comparable sales, while also emphasizing a realistic range for the capitalization rate. In addition to getting an unbiased opinion of value, the appraisal will ultimately dictate the financing one may achieve in a transaction, as financial institutions rely on appraisals to base their loans on.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text]Environmental site assessments, which involve identifying potential or existing environmental contamination liabilities, are one of the most critical steps in the due diligence process for a commercial real estate investment. Below are a few reasons why it is incredibly valuable to compile accurate environmental reports for your potential investment: 1. Identify Environmental Risks: A major component of the due diligence process is to identify and assess the potential for environmental risk associated with the investment. Common environmental concerns are associated with Underground Storage Tanks, used for storing oil for heating purposes. These tanks may have been decommissioned over time, but it is necessary to identify if they still exist on the property and if they have leaked oil. Other causes for concern are gas stations and dry cleaners that may have operated on or near the site, which may have caused potential contamination. 2. Identify Hazardous Materials: Hazardous materials, such as asbestos, can be found anywhere from drywall compound to vinyl flooring, posing potential health risks when it is disturbed and becomes airborne, specifically during a renovation. It’s important to identify this for both health purposes and for any costs that would be associated with demolition & disposal if an investor is considering renovating the property. 3. Remediation & Risk Assessment: When you learn early on that you will have a higher cost associated with removing harmful contaminants on your property, you can budget accordingly to help remove your environmental risk & liability.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text]Due Diligence is one of the most vital parts of the transaction process in a commercial real estate investment. One way our Team differentiates itself from the competition is the level of detail we are committed to during the due diligence process. To assist our clients, it is our goal to understand every detail of the transaction so we can accurately identify opportunity or risk and advise our clients accordingly. In the end, we deliver a highly organized due diligence package to our clients via an electronic data room and a physical binder, conveniently containing the due diligence documents requested within the contract. Top 5 Benefits of “The Due Diligence Binder” Organization: You will have access to all the Due Diligence documents in one convenient location which will save you time. Accuracy: We vet the leases / tenancy agreements and rental increase notices to verify the revenue and confirm operating expenses against actual utility bills to ensure accurate income and expense details for our clients, and identify any potential discrepancies prior to removing subjects. Efficiency: One of the benefits of our assistance is it allows our clients to be more efficient in their due diligence periods, reducing the risk of extensions and allowing them to possibly be more competitive in their offers regarding due diligence timing. Convenience: We regularly receive positive feedback from our clients who find it convenient to refer to our due diligence packages when either lenders or lawyers request supporting documents, or even after closing when they need to reference documents. Confidence: Our detailed due diligence process allows our clients to proceed through their transaction with confidence that they can rely on revenue and expense figures and identify and calculate any risks. [/vc_column_text][/vc_column][/vc_row]