Property Condition Assessment (PCA)
Property Condition Assessment, or ``PCA``, is required by Fannie Mae on all Green Financing Loans. The PCA is a comprehensive evaluation of the multi-family property the Green Rewards loan is intended for. In addition to detailing the physical condition of the property, it also indicates any anticipated capital expenditures that may be required over a specific time frame. The Property Condition Assessment is completed by a Third-Party Consultant that is approved and designated by Fannie Mae. Our professionals will help coordinate this important phase of the loan process.
High-Performance Building Assessment Report (HPB)
High Performance Building Assessment Report, or ``HPB``, is an energy and water audit that is part of the Property Condition Assessment for every Green Rewards loan. The HPB report will detail all energy and water efficiency measures, and quantify how these improvements will improve operating performance and the overall quality of the property. This report makes it easier for the borrower, consultant, and lender to gather, analyze, and report on energy and water usage in savings. The cost of the High-Performance Building Report is paid by Fannie Mae.