Project Capital Needs Assessments and HUD 232 Loans

If you want to get approved for a HUD 232 loan, third-party reports like Appraisals/Market Studies and Environmental Assessments are essential, but most properties will also need another third-party report, a Project Capital Needs Assessment, also known as a PCNA. PCNAs are intended to determine how much it will cost to maintain and repair a project over time, by examining each of a building’s major systems, determining their likely lifetimes, and estimating when they’ll need to be replaced.