Our Chartered Building Surveyors and full Members of the Royal Institution of Chartered Surveyors. We regularly act for banks and funders to ensure their developments are regularly inspected and monitored.
There are many aspects to a development that can cause delay or unforeseen expense. At Blackacre, our surveyors have experience monitoring high value projects on behalf of large lending institutions.
We act for banks and capital lenders, ensuring that risk to their investment is mitigated.
Our initial development monitoring reports involve a full review of the construction project, including its parties, planning permissions, contract documentation and development programme etc. prior to commencement. As a result, we can advise the lender about the risk profile of commencing funding for the development. In addition, we undertake interim inspections to site and provide reports to comment on the progress of the project. We monitor this during the construction phase and report on any matters of concern.
Blackacre are fortunate to have the necessary skills to provide both Building Surveying and Valuation services. We are therefore on a number of bank and lender panels. We provide not only Monitoring but GDV valuation services.
Development Monitoring from Blackacre
Our surveyors have been involved with all kinds of monitoring work, from new build residential schemes, to office fit outs and even major repairs of Grade Listed buildings. We work with a number of lenders and financial institutions, including Lloyds Bank, HSBC and Handelsbanken. At Blackacre we provide detailed reports that specify exact concerns and potential risks to the lender allowing for suitable drawdown of the facility.
Please feel free to contact us to discuss this service in more detail.