Untitled Document

PCS-L Description: A PCS-L is a limited scope physical inspection and evaluation of the condition of an existing property's major building systems and related ancillary structures & amenities. It is meant to be utilized in situations where a lender is refinancing a property where they already have an existing loan, for purchasers of properties generally valued below $1MM, and for new acquisitions/loan requests where the property value is generally less than $1MM. It identifies aspects of the property's general physical condition (at the time of the on-site observation) which require immediate and/or near term repair and/ replacement and provides an estimate to remedy the specific item. In addition, a photo record of the inspection is provided.

The typical building systems & components addressed include:
Site Improvements
Building Superstructure & Exterior
Building Systems
Conveying Systems
Amenities & Ancillary Structures
Services performed: LQA will prepare a succinct, comprehensive report, based on its expert review (as available) & analysis of the following:
Physical Building Structure (including all systems listed above)
Appraisal Report
Previous Structural Report
Maintenance Reports & Logs
Limited Interviews with property management/site personnel
Limited Interviews with Tenants

Report Size: 12 +/- pages + photos & exhibits
Typical Turnaround Time: 5 - 7 business days
Typical Price Range: $750 - $1,250
Typical Users: Banks, Thrifts, Non-bank Financial Institutions, SBA Lenders, Insurance Companies, Pension Funds, REIT's, Building Purchasers, Municipalities, Master Servicers, Special Servicers, Mortgage Bankers