Engineering Consulting

Engineering Consulting

Since its founding in 1992, AEI Consultants has performed thousands of engineering assessments on various commercial property types for both private and public clients throughout North America.

AEI works closely with our clients to understand their particular deal requirements. AEI works to ensure the most reliable and thorough reporting. With nearly twenty years of industry experience, AEI has developed a keen understanding of the specific needs and requirements of each lending institution. We pride ourselves on our willingness to work with our clients to deliver a service that meets both lender and client specific scopes of work and report formatting.

AEI’s Engineering Service Offerings include:

• Debt Financing Property Condition-Physical Needs Assessments(PCA/PNA)
• Seismic Risk Analysis utilizing both the SEL and SUL methodolgies
• Green Building Assessments
• Building Energy Performance Assessments/ Energy Star Audits
• LEED Consulting
• Equity-Financing Property Condition Evaluations

AEI provides these services for a myriad of financial institutions including domestic and foreign commercial banks and lenders, mortgage conduits, agency institutions like Freddie Mac, Fannie Mae and HUD, insurance companies, private real-estate companies, investment banks, and individual investors to ensure the underwritten value of a loan is consistent with the condition of the property at the time of inspection.

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Property Condition Assessments

The purpose of a Property Condition Assessment is to observe and report on the physical condition of the subject property and to provide professional recommendations regarding future issues including financial risk or liability to the client.

Major structural, electrical, plumbing and HVAC components of each structure, as well as site improvements, are carefully examined for condition, status of completion, general code conformance, life cycle costs, sufficiency for their intended use, and extent of defects and depreciation. AEI’s Building Sciences team interviews site personnel, performs document reviews and conducts walk-through surveys noting the physical condition of the building systems and components.

Systems surveyed will include the following:

• Site and Grounds - pavement, curbs, loading docks, walks, landscaping, irrigation, site drainage, exterior lighting, walls, fencing/railings, signage and exterior amenities.
• Structural Systems -Foundations and structural framing of walls, columns, intermediate floorsand roofs.
• Building Envelope - Roofing systems, exterior finishes, stairs and steps, exterior doors and windows.
• Interior Building Components - Interior finishes of common areas and tenant areas. Condition of soft goods will not be assessed.
• Mechanical Systems -Property-owned electrical, heating ventilation/ air conditioning, plumbingand conveyance systems.
• Safety and Code Compliance - Life safety, fire suppression systems, and general visual review ofproperty compliance to the Americans with Disabilities Act (ADA).AEI services include contacting the local building, zoning, and firedepartment / authorities to identify any currently outstanding building orfire code violations at the subject property.

Upon completion of the physical assessment of the property, AEI will provide a Property Condition Report (PCR) outlining the systems and components along with any deferred maintenance or deficiencies observed.Based on industry standard, AEI then formulates a list of immediate repairs and costs that will be incurred during the life of a loan. Immediate repairs can be defined as significant building code violations, fire code violations, safety concerns and deterioration to the building caused by deferred maintenance. In addition to the assessment, AEI develops a Modified Capital Reserves Schedule that approximates repairs and repla