55 West 39th St, 14N | New York, NY 10010 info@velocityconsulting.com (212) 629-0690

Services

Velocity’s full range of due diligence services enable owners, investors and financers to fully understand the true condition and worth of commercial real estate properties to help streamline the deal closing process.

Our team of experienced environmental scientists, engineers, architects and analysts combine technical and regulatory expertise with an innate understanding of commercial real estate and can produce reports that are both detailed and easy to understand for informed decision making. Often, the result of our research conducted during our Phase I assessments precludes the need for a Phase II investigation—saving our clients considerable time, money and effort.

Environmental Services

Our environmental due diligence services document known and potential site conditions that could result in future risk and liabilities that can affect property value.
We conduct in-depth, physical inspections for environmental risks such as soil and water contamination, asbestos, mold and vapor intrusion. We also research the site’s ownership history by examining maps and historical records for previous occupants, as well as state, federal, local (even tribal) databases records.

    Our Environmental Services include:

  • Phase I Environmental Site Assessment (ESA)
  • Third-Party Report Reviews / Desktop Reviews
  • Mold Inspections
  • Vapor Intrusion Surveys

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Engineering Services

Our engineering due diligence services evaluate the physical facilities and core systems of the property (heating, A/C, roof, facades, exterior etc.) to assess their current condition.

Our detailed reports identify the property’s present condition, the anticipated usefulness of key structures and systems, potential problems, and the estimated cost for their repair or replacement. Our research includes thorough walk-through inspections, review of equipment testing reports, and interviews with current and former occupants, owners, management, municipal agencies and other sources.

    Our Engineering Services include:

  • Property Condition Reports (PCA)
  • Seismic Risk Assessments
  • Construction Monitoring
  • Plan and Cost Reviews
  • Third-Party Report Reviews / Desktop Reviews

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Portfolio Services

With offices in New York, Chicago and Los Angeles, Velocity has the resources to send staff on-site nationwide to inspect and evaluate multiple properties in a client’s portfolio simultaneously.

Velocity is also often called upon to perform third-party reviews on Phase I ESA and PCA reports prepared by another party to ensure that applicable industry standards and the project’s scope of work particulars are met.

We then prepare a summary of the previous report’s findings and show where industry or client requirements are not met, as well as any other discrepancies we might discover. We then work with the client to ensure proper corrective measured are enacted.

    Our Portfolio Services include:

  • Phase I Environmental Site Assessments (ESA)
  • Property Condition Assessments (PCA)
  • Probable Maximum Loss Assessments (PML)
  • Third Party Report Reviews / Desktop Reviews

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