Untitled Document

APCI Description: An APCI is an Annual overview of a property for which a loan is already in place. It gives the lender a general overview of the condition of the property and allows a comparison of any deterioration from year-to-year; this allows the lender to react to deteriorating situations, as well as to help identify problems before they become severe. It also allows a servicer to comply with annual property inspection requirements (i.e. CMBS primary servicers, portfolio lenders, etc.) It generally includes reviewing the existing tenancy , as well as providing a general description of the property, and determines the current condition of numerous designated line items. LQA can utilize it's existing forms, your specific internal forms, or mutually prepare a form to satisfy your specific needs. A representative sample is usually taken for multi-family projects. Cost estimates of deferred maintenance items are generally not provided. In addition, a photo record of the inspection is provided.

The typical items addressed include:
Neighborhood
Building Interior
Building Exterior
Regulatory Issues
General Property Economics
Deferred Maintenance
Environmental Concerns
General Comments

Services performed: LQA will prepare a succinct condition report, based on its expert review (as available) & analysis
of the:

Physical Building Structure (including all systems listed above)
Previous Condition Report
Limited Interviews with property management/site personnel
Limited Interviews with Tenants

Report Size: 3 +/- pages + photos
Typical Turnaround Time: 3 - 5 business days
Typical Price Range: $250 - $500