Lenders Annual Servicing Inspection of collateral is required for most commercial loans. NBI regularly uses client specific forms, or we can create a form that will address your specific needs.
Our annual servicing inspections cove all types of properties – including apartment buildings, office buildings, shopping centers, hotel/motels, high rise urban buildings, nursing homes, mobile home parks, recreational parks and buildings, restaurants/bars and more.
Scope of an annual inspection:
- Property interior and exterior
- Deferred maintenance issues
- Potential life safety issues
- Prosperity of the tenants
- Overview of the surrounding area
- Rent rolls where applicable
- Vacancy rate
- Competition in the area
- Major tenants entered or left the market
- Confirmation of Repair
- Code violations
- And Much more