
Bundled Services
Clients Gain Efficiency with One-Stop for Comprehensive Services
Commercial real estate is a high-value investment, so conducting proper real estate services is critical on all sides of a transaction. There are many areas of the real estate service process, including assessing proposed project feasibility, conducting market studies, construction monitoring, obtaining third-party reports on the building and site, and more.
Buyers of commercial real estate seek real estate services to confirm the value and condition of their property in order to reduce their investment risk. Lenders typically rely on third-party reports to confirm that a property is sound and to identify any necessary spending, both upfront and ongoing throughout the term of the mortgage.
There are several benefits to using a single source for bundled third-party reports.
- One point of contact adds efficiency by streamlining the real estate services process and expediting completion.
- Only one coordinated on-site visit is required for information collection because data can be used in all reports.
- When all reports are developed from a single set of data, it is easier to ensure the reports are consistent and use the same physical descriptions of the property such as land and building size, parking spaces, etc. One touch-point for all reports reduces communication and project management time.
- Time spent on data gathering and analysis is shared across all third-party reports.
- Economies of scale can help reduce report costs and expedite delivery.
BBG offers comprehensive real estate services, including the following third-party reports typically required by lenders:
- Property appraisal (or valuation) or desktop evaluation
- Property condition assessment (PCA)
- Environmental site assessment (ESA)
- ASHRAE commercial building energy audits
- Construction risk management
- ALTA surveys
- Zoning compliance reports
- Advisory services
Since BBG’s sole focus is service, clients can count on third-party reports that objectively and consistently assess the value, use and feasibility of real estate assets. BBG is one of the only national firms offering comprehensive services with the ability to bundle third-party reports for maximum efficiency.