Protecting Your Construction Funding
Based in Raleigh, North Carolina, Smart Site Reviews helps construction lenders and equity investors evaluate development and construction projects from early site diligence through construction monitoring, closeout and, if necessary, distressed-project support. For existing commercial real estate, along with a limited visual assessment, we provide property condition assessments for lenders, investors and buyers evaluating physical condition, significant repair needs and anticipated capital expenditures.
Our principals bring backgrounds in construction, civil engineering, site design, commercial real estate, development, construction monitoring, and real estate and finance-related legal practice to help clients identify issues earlier and make better-informed funding and project decisions, so projects don’t get worse … before they get worse.
Before Construction
Site Readiness Review
We review:
- Property and surroundings
- Zoning and land use compliance
- Entitlements and approvals
- Utility access and capacity
- Floodplain, wetlands, environmental and geotechnical reports
- Roadway and site access
- Permits and licenses
Plan and Cost Review
We analyze:
- Budget and contingency
- Contracts, agreements and schedules
- Drawings and specifications
- Permits and approvals
- Regulatory documentation
- Project team capabilities
during Construction
Construction Draw Review
We provide:
- Periodic site reviews
- Thorough photo and video documentation
- Analysis of remaining funds and schedule
- Review of relevant documents
- Reports delivered within five business days
- Market knowledge and experience
Distressed Project Support
We assess:
- Stalled, delayed or distressed projects
- Scope completed/remaining and funds
- Budget, schedule and restart issues
- Permits, inspections and certificate of occupancy path
- Site preservation concerns
- Current site conditions
- Special assets status
existing properties
Property Condition Assessment
We offer:
- Visual review of major building systems and site improvements
- Documentation of significant deficiencies and deferred maintenance
- Baseline PCAs with repair-cost opinions
- Optional longer-term analysis of anticipated capital replacements and reserves
- Limited-scope reviews