What is an Engineering Report?

Engineering Report Definition

An engineering report is an assessment of a property’s physical conditions and risks by an engineer and other specialists that could affect the property’s value. This report might contain issues or flaws found in the property. Like architectural reports, engineering reports are typically only required for HUD multifamily loans that finance new construction or substantial rehabilitation, such as the HUD 221(d)(4) loan, or the HUD 232 loan for senior healthcare properties.

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