What is a Capital Needs Assessment?

A Capital Needs Asessment (or "CNA") is similar to Property Condition Assessment, but specific to meet the inspection requirements for HUD/FHA multifamily loans. These include the HUD 221(d)(4), HUD 223(f), HUD 223(a)(7), and HUD 232 (for senior healthcare facilities).

Several require and advise HOA's and apartment communities to perform a regular capital reserve study, with rotating inspections. Our CNA exceeds those requirements.

As with the PCA, the goal of the CNA is to forecast future costs of maintaining a commercial property and identify any urgent repair or maintenance needs.

Do You Need a Capital Needs Assessment?

Use this simple questionnaire:

1. Do you have a maintenance plan for every major system on campus?
2. Do you have a ticketing system for repeating building problems?
3. Do you have a written plan for major renovations and capital improvements?
4. Are you certain about the quality of your hotel's infrastructure?

If you answered "no" to any of these four question, a capital needs assessment may well be a good use of your time and resources.

WBTreece Consultants is fully trained and certified to assess multi-family properties in Raleigh, Charlotte, Greensboro, and Wilmington NC, and provide a comprehensive CNA. We follow the industry accepted standards of ASTM E2018 and CCPIA.

Read more about how to get started with a CNA, or download a copy of the ASTM E2018 and CCPIA Standards.