For Lenders

bay terrace - tacoma

BAY TERRACE - TACOMA

Bay Terrace Apartment Building

Falkin Associates represented the Construction Lender on this project. Acting as their subject matter expert and Construction Monitor, we kept the Lender up to date with monthly construction site visits and reported back to them with updated on Cost, Quality, and Schedule. This project includes the construction of 74 apartment units. The unit breakdown includes 30 one-bedroom units, 29 two-bedroom units, 9 three-bedroom flats, and 6 three-bedroom multi-story units.

Project Evaluation Report (PER)
Site Visit Reports (SVR)
Initial Construction Document Review
Plan / Cost Review
Monthly Site Visits
Pay Application Review
Schedule Compliance
Quality Review
Progress Photos

LENDERS PROJECTS

Client A

Historical building preservation with addition, creating new condominiums adjacent to Century Link Field Falkin Associates provided feasibility review, construction monitoring and payment control services throughout the construction phase.

Working for the equity investor, Falkin Associates provided project feasibility analysis, plan and specification review, budget approval, construction monitoring, change order analysis and approval, contractor payment control and final completion review.

Client A

Representing the construction lender, Falkin Associates provided pre-construction project evaluation, feasibility review, construction document review, budget analysis and schedule feasibility. During construction Falkin monitored the work in progress, schedule compliance, change order analysis and provided contractor payment control.

bay terrace - tacoma