Lender Zoning Report
Because commercial real estate transactions are complex and expensive, lenders seek to evaluate risk associated with financing a project before closing its sale. This lender due diligence provides confidence to the lender and investor that the intended use of the property will comply with local laws.
Zoning reports are one aspect of lender due diligence. These reports provide reliable site zoning analysis and compliance review that is supported by local municipal documentation to give a reliable, independently confirmed statement about property compliance with existing zoning regulations.
The lender zoning report provides:
- A snapshot of the zoning conditions of a property that is the target of an acquisition or refinance.
- An understanding of the current zoning ordinances, which are constantly changing.
- Careful scrutiny of special-use district overlays that add a level of complication to understanding the permitted uses for a development site or redevelopment project.
- An outline of any variances between property conditions shown in a land survey and current zoning requirements.
The Masterplan team is uniquely positioned to offer lender zoning reports because of our comprehensive knowledge of zoning. Our team will spend the time needed to research every permit, approval, violation, and related information on file for a property to summarize the history of the site and provide clients with full documentation that also brings any violations to light. Our reports are customized to lender requirements based on the type of project and location.