the property inspection
Property inspections of commercial and multi-family buildings are a critical component of the servicer’s responsibility for proactive asset management of a property. The inspection is an opportunity to gain first hand information about the current physical condition and operations of a commercial or multifamily property. The inspection is used to identify any recent upgrades or to identify trends and potential risks that may negatively impact the ongoing income potential of the asset. It also allows the servicer to monitor the physical condition of the subject property throughout the life of the loan.
Property Condition Reports, A property inspection is a monitoring tool completed by or for the
servicer on behalf of the stakeholder to ensure the collateral for the commercial
real estate loan is being properly maintained by the borrower and its affiliates, as
well as to assess the status of the subject property from damage due to natural
or manmade significant events.
Gold Star Appraisals, Inc. takes this responsibility very seriously. We are here in order to protect your collateral. Our experienced team of inspectors are Mortgage Banker Association (MBA) certified and conduct thorough and detailed inspections. We also have a fire and mold certified inspector on staff. Whether you are a servicer, investor, property manager, a tenant considering the lease of a building, or a building owner seeking to learn more about the property either before listing it for sale or undertaking renovations, we can provide the services you need. Our Commercial Building Inspections are performed in accordance with the Mortgage Bankers Association's professional standard. The inspection scope may be modified to meet your needs.
