Your Trusted Eyes and Ears in the Field
At Partner Residential Consultants, we firmly believe that reporting accuracy starts by deploying qualified professional Assessors onsite. Our approach isn’t about simply finding the cheapest local resource to take photos. Instead, we partner with credentialed field resources who possess the expertise to accurately assess the project. By leveraging knowledgeable professionals, we provide precise onsite observations, minimizing discrepancies in opinions regarding completed values.
Partner’s Construction Progress Assessment
Our Construction Progress Assessment (CPA) is offered as a comprehensive physical onsite “inspection only” or through Partner’s innovative Virtual Site Inspection solution. The assessment is designed to provide essential insights into the construction progress and overall condition of residential properties undergoing renovations or ground up building activity without pay application support documentation. The key features and components of the CPA include:
- Photographic Documentation: Our Assessors capture detailed photographs of the complete residential/multi-family projects, providing a visual record of construction progress and site conditions, with specific project element labeling.
- Site Conditions Data Collection: Assessors answer site condition observation questions during the onsite visit, providing valuable data on the state of construction, potential issues, and overall project health.
- Budget % Complete Value Assessment: Partner assesses the percentage values of observed work-in-place per provided line-item budgets. This analysis ensures alignment with the budgeted costs and progress milestones.
- Tailored Reporting Platform: Reports are processed through Partner’s specialized residential reporting platform ResiLynx, ensuring clarity, consistency, and adherence to industry and lender guideline standards.
Benefits for Residential Construction Lenders
Partner’s Construction Progress Assessments are a key tool in a proactive risk management program:
- Identify and Address Issues Early: Our thorough assessments uncover potential problems before they snowball into costly delays.
- Protect Your Investment: By proactively monitoring progress and costs, we help ensure projects stay within budget. This translates to reduced risk of cost overruns and safeguards your valuable loan portfolio.
- Build Trust and Transparency: Regular, detailed progress reports keep you informed and empower confident decision-making. This fosters a strong sense of security and trust with borrowers throughout the construction process.
Assurance Throughout the Project
Let Partner help you get the clear picture you need to manage risk, optimize loan decisions, and ensure a successful project outcome. Contact us today to discuss your lending needs and how we can be your trusted partner in residential construction lending.