JMK Environmental Solutions Inc.

JMK provides the critical tools necessary to make decisions about the economic feasibility of a real property. By assessing building components and systems before an acquisition, we are able to create accurate replacement cost reserves and deferred maintenance schedules. JMK's assessors have verified construction costs and schedules of value for many satisfied clients in the financial sector and the construction-lending industry.

The purpose of Physical Condition Assessment (PCA) is to evaluate what aspects of a property may affect its value over time. Representative samples of the major independent building components are inspected and judged in accordance with ASTM E2018 as well as lender guidelines including Fannie Mae and Freddie Mac. Code-compliance verification, estimation of cost-to-rectify and identification of ADA non-compliance issues are also conducted during site inspection and subsequent cost analysis.

Based on JMK's acute observations of conditions and inspection of major building components, a Repairs Cost Estimate is developed immediately in order to address issues requiring attention within the coming year. In addition, a Replacement Reserves Cost Estimate is prepared for the major building components requiring repair, replacement or maintenance in the 12 years following assessment.

The Remaining Useful Life (RUL) of property systems and components is also assessed and the cost for repairs and replacements is provided in the estimates. Our Project at a Glance provides a summary of the conditions observed during inspection as well as estimates for immediate repairs and a Replacement Reserves Cost Estimate. Such estimates are based on construction costs developed by means construction cost data, JMK's experience with similar properties and assumptions regarding future economic conditions.