It’s sometimes difficult for a lender to determine the extent of due diligence necessary when funding a construction project. When engaging a consultant, you are looking for a partner and guide through the pre-construction, construction, and closing stages of a project. You want the deal started on the right foot. Therefore, whether you are affiliated with a larger lending institution with an internal engineering department or your construction lending is handled on a case-by-case basis, it is important to have a trusted ...
We have turned to Ryan Severino, Senior Economist and Director of Research at Reis, Inc., to opine upon the current market and offer some guidance and insight. We always enjoy and value hearing Ryan's outlook and hope you appreciate his "cautious optimism."
The New Year certainly has gotten off to an inauspicious beginning. With equity and commodity markets gyrating, fear has crept into the US economy and the real estate markets. However, as we look forward to what 2016 holds, we need to ...
Fannie Mae is offering several different loan products to encourage borrowers to include energy efficiency measures in a renovation scope. Loans are available for new construction, rehab, and as a supplemental financing source. Below is a quick summary of each loan product:
Green Building Certification:
Fannie Mae is granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition, or supplemental mortgage loan for properties with a recognized green certification. These certifications include Energy Star, LEED, and Enterprise Communities, among ...
Nova ran a virtual food drive in November and December and invited you to participate. Here are the results!
Over $1,000 was raised via clicks on the link in our holiday e-blasts. Thank you!!
Funds were donated to the ECO Soup Kitchen located in Saratoga Springs, NY in memory of Jennifer Warner. According to staff at the soup kitchen, the funds donated will provide approximately 250 meals.
Learn more about the ECO Soup Kitchen here.
Additionally, $350 in food, mostly fresh produce, was purchased and ...
It has been a busy year for Nova in Europe. We have delivered a range of projects, including property and environmental assessments on sites in the UK, France, Germany, the Netherlands, Spain, and Finland. During the year, we have worked on a number of large portfolios and have seen strong growth in several property areas, including logistics sites, offices, retail units, and land acquisitions. In particular, we have noted a continued growth of projects in the Netherlands, where both debt and equity project ...
Construction sites have a lot of equipment moving around, elevated work platforms, electrical installations, high-voltage systems, and often require heavy lifting. They can be dangerous places, but that doesn’t have to mean injury or illness. Slips, trips, falls, electrical shocks or burns, and blows from heavy or sharp objects can all be prevented with a strong workplace safety and health program. The effectiveness of a company in preventing injury and illness depends on the ability of employees to recognize both high-risk ...
A $5,000 Green Rebate is available from Freddie Mac for first time borrowers on multifamily buildings with 20 or more units and an Energy Star Score.
Benchmarking your property also has the following benefits:
Nova has extensive experience providing this service:
Nova’s Strategic Energy Group will provide a phone consultation to discuss the results of your benchmark and optional solutions for reducing your energy consumption. Our goal is to work with building owners to reduce operating expenses and increase your bottom line.
*For online accounts, account ...
This white paper was created by Nova Consulting Group, Inc. (Nova), for environmental due diligence users and environmental risk managers as a tool to assess petroleum vapor intrusion (PVI) risk to buildings that overlie or are near petroleum-contaminated soil and/or groundwater.
In June 2015, the EPA produced a document titled Technical Guide For Addressing Petroleum Vapor Intrusion At Leaking Underground Storage Tank Sites (EPA PVI Guide – EPA 510-R). This document states that “in contrast to chlorinated solvents, petroleum hydrocarbons generally biodegrade ...