A Building condition assessment is an integral part of any Industrial, Commercial and Investment Real Estate transaction. Typically the buyer will borrow money from a financial institution (lender) for funding the purchase – a mortgage on the property is hence established. The underwriting of the loan if often based upon an appraisal, environmental reports and building inspection. However there are many situations where a deal fails to materialize as the lender is not satisfied that the building condition meets their lending criteria, so in order to approve the loan, they may request repairs to the building or lower the amount they are prepared to lend. The challenges in completing the trans
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