The Value of a Property Condition Assessment

 

A Property Condition Assessment, or PCA, offers an in-depth look at a property to survey the current condition of the building or asset and to reveal any short-term or long-term repair and replacement needs. Many commercial lenders employ this proactive approach to avoid potential risk later in the life of a loan that uses an existing building as collateral. 

During a PCA, a qualified engineer will interview someone with detailed knowledge of the property to learn about the age and maintenance of the various systems and components.  They will also perform a field inspection using ASTM standards as a benchmark to determine the condition of the following:

  • Mechanical, Electrical, and Plumbing Components and Systems
  • Building Envelope
  • Structural Components
  • Interior Elements
  • Roofing
  • Vertical Transportation
  • Life Safety Mechanisms

The field inspector will not inspect concealed spaces or otherwise inaccessible areas of a building.

In addition to reporting on the physical aspects of the property, the investigator will provide a complete cost analysis of the costs to repair or replace any portion of the property based on current construction costs in the area where the property is located.  The information garnered from this evaluation is a valuable tool used to ascertain investment and capital risks on a building and its systems when a borrower is using the asset as collateral or when a lender is lending money for improvements to the building or building systems.

Lenders who employ Dayhill’s PCA are always happy that they did. It offers a greater understanding of the property in question so they can make informed decisions about their construction lending. 

Philadelphia Business Journal names Village at Valley Forge/King of Prussia Town Center Project of the Year

Dayhill Group was pleased to be a part of this project by mitigating its lender client’s risk, providing underwriting support via a Plan and Cost Review, and providing construction monitoring services that were performed throughout the life of the project. We are excited to see what the future holds for this revitalization endeavor in King of Prussia.

King of Prussia gets a downtown

 

New Horizons

Dayhill Group provides risk management services on diverse construction projects. The Dayhill team carefully combines its experience in the construction industry with its knowledge of current risk factors facing today’s lenders and owners to formulate an approach that addresses the unique needs of each project. It is their expertise and commitment to a higher standard of service that has Dayhill poised to play a prominent role in construction risk mitigation for projects across America.

Pictured: 141,000 S.F. Bryn Mawr Medical Arts Pavilion, Bryn Mawr, PA

Dayhill Group provided Funds Control and Site Inspection services for the lender of this project.

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Revitalizing History

Dayhill Group provides risk management services on diverse construction projects. The Dayhill team carefully combines its experience in the construction industry with its knowledge of current risk factors facing today’s lenders and owners to formulate an approach that addresses the unique needs of each project. It is their expertise and commitment to a higher standard of service that has Dayhill poised to play a prominent role in construction risk mitigation for projects across America.

Pictured: Built in 1865, the Louella House has a rich history that has enveloped its three stories and more than 20,000 square feet of living space. Situated on one and one-half acres in historic Wayne, PA, the house has grown from its original use as a single-family home to become a hotel, a boarding school for girls and a 25-apartment residence. Its most recent renovation has transformed it into 12 luxury condominium residences that uniquely combine Wayne’s historic architecture with innovative restoration techniques.

Dayhill Group provided a Plan and Cost Review and Site Inspection services for the lender of this historic restoration project.

Visionary Leadership

Dayhill Group is poised to help you acquire project financing through our vast network of lenders and investors. This service introduces you to the varied representatives who specialize in providing financing for diverse project types.  By specifically targeting only those lenders who meet your needs, we will save you time and money while we maximize your opportunity for success.

Dayhill can also provide you with energy development services. With experience in diverse sectors of renewable energy, our finance professionals will develop the right solution for your renewable project needs.

Pictured:  Solar panels added as shown will offset 99 percent of the Lancaster Solid Waste Management Authority’s Transfer Station Complex’s  electrical usage.

Dayhill Group provided energy development and project financing services for this project.

Minimizing Risk

Dayhill Group provides risk management services on diverse construction projects. The Dayhill team carefully combines its experience in the construction industry with its knowledge of current risk factors facing today’s lenders and owners to formulate an approach that addresses the unique needs of each project. It is their expertise and commitment to a higher standard of service that has Dayhill poised to play a prominent role in construction risk mitigation for projects across America.


Pictured: The first certified Passive House project in Philadelphia, PA
Architect: Plumbob / Developer: Onion Flats

Dayhill Group provided funds control services for this project.

Creating Opportunities

Dayhill Group provides risk management services on diverse construction projects. The Dayhill team carefully combines its experience in the construction industry with its knowledge of current risk factors facing today’s lenders and owners to formulate an approach that addresses the unique needs of each project. It is their expertise and commitment to a higher standard of service that has Dayhill poised to play a prominent role in construction risk mitigation for projects across America.

Pictured: 1.5 MW DC commercial-grade, roof mount solar project
using thin-film technology in Woodbridge, NJ.

Dayhill Group provides owner’s representative and funds control services for this project.

Safeguarding Interests

Dayhill Group provides risk management services on diverse construction projects. The Dayhill team carefully combines its experience in the construction industry with its knowledge of current risk factors facing today’s lenders and owners to formulate an approach that addresses the unique needs of each project. It is their expertise and commitment to a higher standard of service that has Dayhill poised to play a prominent role in construction risk mitigation for projects across America.


Pictured: Turkey Hill Dairy’s landmark venture “The Turkey Hill Experience”
—a 26,000 square-foot museum celebrating Turkey Hill Dairy’s rich history and delicious products like their ice cream and teas. A renovation of the former Ashley and Bailey Silk Mill in Columbia, PA, this attraction will revitalize the small town and stimulate the local economy.

Dayhill Group provides construction monitoring services for the lender of this museum project which is open for business.