At one time or another, every building owner is faced with the need to undertake a large project, whether it’s upgrading an aging plumbing system, replacing a roof, or repairing unsafe facade conditions. Getting the most out of a Major Capital Improvements Program requires proper planning and financing.
The first step is to engage a professional engineer to prepare a Capital Needs Assessment Report, which evaluates the condition of major building systems and prioritizes repair/replacement items with budget and time estimates. Next, owners need to allocate funds for undertaking the recommended building upgrades.
To help owners and managers successfully take on capital improvement projects for their buildings, RAND and Capital One Bank are presenting a free seminar on the topic:
How to Prepare for and Finance a Major Capital Improvements Program
Wednesday, October 14, 2015, 6:30 PM
Location:
RAND Engineering & Architecture, DPC
159 West 25th Street (just east of Seventh Avenue)
11th Floor
New York, NY 10001
The seminar will cover the following issues and more:
- Types of Capital Improvement Programs
- What systems are covered in a Capital Needs Assessment Report?
- Report contents
- Factors that banks evaluate
- Financing options
- Types of loan structures
- Board issues
- Legal issues
The seminar will run for one hour, followed by a question-and-answer session.
Seating is limited, so if you would like to attend please reserve a spot by contacting Isabelle Walsh at iwalsh@nullrandpc.com; 212-675-8844, ext. 246.
Wine and hors d'oeuvres will be served starting at 6:00 PM, so come early and enjoy the spread.
Friends and colleagues are welcome, so please feel free to pass along this information.
We look forward to seeing you there!
Ivan Mrakovcic, RA is RAND's Physical Condition Survey Team Leader. He will be one of the presenters at the seminar.
