A Capital Needs Assessment (CNA) is a reporting tool that assesses current and projects future capital needs of multi-family properties. A Capital Needs Assessment allows real estate investors to mitigate risk and to plan for large capital expenses over a reserve term. It also provides an analysis of architectural and building systems, recommendations for specific improvements, and funding estimates for long-term capital repair and replacement activities. Additionally, CNA's also identify safety hazards and code violations that pose liability concerns, deferred maintenance items and items beyond useful life that require replacement.
Capital Needs Assessments are used for funding applications, rehab planning, improving compliance with the ADA, FHA or UFAS, or simply project planning and budgeting.
PM Environmental’s qualified architectural consulting staff provides Capital Needs Assessments to meet requirements of the Department of Housing and Urban Development (HUD), Fannie Mae, Freddie Mac, USDA, state and local agencies, or other lender specific requirements during a property transfer of ownership, rehabilitation or refinance.