Lenders want to be sure that their loans are protected in light of the past few years of financial mortgage meltdown.
Nationwide, USA (PRWEB) November 11, 2013
The Planning & Zoning Resource Corporation (PZR) ventures into working with commercial lenders nationwide to offer zoning reports.
The company offers zoning due diligence reports, known as the PZR Report for commercial lenders to ensure their real estate investment is well protected. Zoning laws, which are constantly changing, dictate how a commercial site or property can be constructed, remodeled, or used for business.
Lenders want to be sure that their loans are protected in light of the past few years of financial mortgage meltdown. Zoning compliance has become a major factor on the closing checklist. The importance of zoning compliance is especially pertinent for the Lender who needs to know that the property can be re-constructed to the same building configuration in the event of massive casualty.
Essentially all commercial lenders today are insisting on zoning compliance and conformance evidence prior to funding. Lenders require that the property be in compliance with applicable zoning ordinances with respect to usage, parking, setbacks, height, density, coverage requirements and more.
The Planning and Zoning Resource Company is the nation’s largest provider of zoning due diligence and analysis while being the sole provider and creator of the PZR Report. PZR provides its clients with zoning report formats that are supported by municipal documentations and produces reliable, independently confirmed statements that speak to the compliance of property’s existing use, setbacks, height, density and parking. Their research includes specific zoning designation of the site as established by the current municipal code, uses allowed under the zoning designation established by the zoning ordinance, minimum setback requirements, building height and story requirements for compliance, minimum parking requirements and special circumstances that are in need on consideration. Additionally, PZR specializes in document acquisition for zoning and building code documents in all 50 states.
For additional information about the Planning and Zoning Resource Company please contact David Anderson at 1.800.344.2944, contact us, or http://www.pzr.com.