Commercial Property Condition Assessments performed by Eagle Spec Inspections, dba follow the guidelines laid out by the American Society for Testing and Materials (ASTM) E2018-08. Additionally the Probable Maximum Loss Reports PML follow ASTM Standards laid out in ASTM E 2026-2007
Property Condition Assessment (PCA) / Seismic Assessment of Buildings (PML)
Mark Leclere owner and principal for Eagle Spec Inspections services the Commercial Real Estate industry and performs (PCA) Property Condition Assessments, Commercial Property Inspections; Construction Analysis Consulting Services; Due Dilligence Real Estate Inspections and Abbreviated ADA Accessibility Surveys. In turn creating a Property Condition Report providing useful life expectancy, cost analysis of immediate repairs & deffered maintenance or immediate full replacement cost opinions or replacement reserve cost opinions providing the client with a very comprehensive Property Condition Report (PCR) on their prospective asset purchase, sale or property holding.
Prepares PML Reports - Seismic Risk Assessment of Buildings. This structural / seismic screening protocol ultimately allows for the creation of a PML Report (Probable Maximum Loss from a Seismic Event) used by lenders, insurance companies and owners to assist in undewriting be it a loan or insurance policy or likely both within the commercial property purchase process. These PML Reports can have many different definitions based on the risk tolerence of various lenders, insurance companies and owners.
The purpose of a Property Condition Assessment (PCA) is to observe and report (PCR) on the current physical condition of a commercial asset and to provide professional 3rd party recommendations regarding current or future issues including financial risk, upcoming cost expenditures or liability to a potential buyer or existing asset owner.
The most sucessful commercial property investments or transactions are those with well defined risk and a clear understanding of the chosen property.