Acquisition or refinance underwriting
Evaluate physical condition, environmental risk, and anticipated capital needs before the credit decision and closing.
Construction & real estate due diligenceNational Reach. Local Insight.
Request a proposal In the field. In the documents. On the record.A KOW client perspective
Commercial Real Estate Lenders
Property condition, environmental, agency, and capital-needs due diligence built for underwriting, closing, and asset management.
Your perspective
Technical work shaped around the responsibility you carry.
Existing-property lending brings physical, environmental, and capital questions into the underwriting process. The consultant’s work should distinguish material conditions from routine observations and show how those findings may affect the transaction, reserves, or post-closing plan.
KOW coordinates property condition, environmental, and capital-needs scopes around the lender’s requirements, reliance structure, property type, and timeline. Reports are organized so credit and asset-management teams can find the issues that matter without losing the technical basis behind them.
Where KOW enters
Before closing, during the work, and through the hold.
Portfolio or relationship lending
Apply a consistent diligence and reporting framework across multiple assets, markets, and transaction teams.
Follow-up and asset management
Revisit identified conditions, repairs, specialist recommendations, or changed property circumstances after the initial report.
What matters
Built around the questions you have to answer.
Defensible third-party diligence
Material condition and environmental risk
Near- and long-term capital needs
Work paced to the transaction
Questions to answer
What the report should make clear.
- 01
Are material physical or environmental conditions present?
- 02
Which repairs, investigations, or documents should be addressed before or after closing?
- 03
What near- and long-term capital needs should be reflected in underwriting or reserves?
- 04
Are the scope, reliance parties, limitations, and specialist needs aligned with the transaction?
A useful deliverable
What the report should do for your team.
Lead with material conditions
Place immediate repairs, environmental findings, major capital needs, missing information, and recommended specialist work where credit can find them.
Preserve the technical basis
Connect conclusions to observed condition, property records, historical sources, interviews, quantities, useful life, and stated cost assumptions.
Separate time horizons
Distinguish closing or immediate needs from short-term work, replacement reserves, and longer ownership considerations.
Make reliance and limitations explicit
Identify intended users, transaction context, accessible areas, unavailable records, excluded work, and conditions that could not be verified.
Proposal and kickoff
What to send at the start.
You do not need every item before contacting KOW. Share what is available, identify what is still coming, and flag the date the work must support.
Property address, property type, unit or area information, year built, and transaction type
Lender scope, agency or program requirements, reliance parties, report forms, and closing schedule
Property contact, access details, occupancy or operating constraints, and known restricted areas
Current rent roll or occupancy information when relevant to the agreed assessment
Available drawings, surveys, capital plans, repair records, environmental reports, testing, and prior assessments
Known conditions, completed or planned work, specialist concerns, and post-closing requirements under consideration
Priority services
Expertise for the work ahead.
Property Condition Assessments
Property condition reporting that identifies material deficiencies, immediate repairs, and expected replacement needs for financing, acquisition, and capital planning.
Explore service Phase I ESAEnvironmental due diligence that reviews property history, regulatory information, site observations, and interviews for recognized environmental conditions.
Explore service Fannie Mae PCAProperty condition and capital-needs reporting organized around the applicable Fannie Mae multifamily scope, forms, underwriting process, and transaction schedule.
Explore service Freddie Mac PCAProperty condition and capital-needs reporting prepared around the applicable Freddie Mac multifamily scope, forms, lender requirements, and transaction timetable.
Explore service Capital Needs AssessmentsA forward-looking schedule of major repairs and replacements based on observed condition, expected useful life, program requirements, and the planning period.
Explore service Transaction ScreensA defined environmental screening scope for lower-risk properties, portfolio triage, and transactions that do not call for a full Phase I ESA.
Explore serviceStart a conversation
Start a conversation for commercial real estate lenders.
Tell us what you’re working on. Our team will help define the right scope and get a proposal moving.
Request a proposal