Inspection Only (TI or Ground Up)
CFCS will conduct a site inspection, and provide an inspection report that is based upon the draw information provided by the Lender. Lender may also request invoice and lien release review.
For each inspection that you request, CFCS will:
- Provide a “CFCS Inspection Agreement” and request signature authorization from the requestor
- Within 3-5 days of the request, conduct an on-site inspection of the physical project
- Within 24 hrs after the inspection, produce an inspection report that will include:
- Verification of the percentage of completion at the time of the inspection
- Confirmation of materials that are stored on site
- Digital photographs of project progress
- A review of draw request(s) provided by Lender
- A copy of current job card signoffs
- A summary of inspector observations
For each inspection that you request, you must provide:
- Signed “CFCS Inspection Agreement”
- Copy of draw request
- Full information necessary to conduct inspection of property
- Safe access to property
- Access information (lock box, key code etc)
CRE Portfolio Inspection (Existing Portfolio Asset)
CFCS will conduct a site inspection, and provide an inspection report.
For each inspection that you request, CFCS will:
- Draw up an “CFCS Inspection Agreement” and request signature authorization from the requestor
- Within 3-5 days of the request, conduct an on-site inspection of the physical project.
- Within 24 hrs after the inspection, produce an inspection report that will include:
- General condition of the property
- Maintenance evaluation
- General occupancy evaluation
- Description of surrounding properties and area
- Digital photos that document the findings
For each inspection that you request you must provide:
- Signed “CFCS Inspection Agreement”
- Full information necessary to conduct inspection of property
- Safe access to property
- Access information (lock box, key code etc)
