Elevation Certificate for a Mixed-Use Building
A mixed-use building puts shops, offices or restaurants on the lower level and apartments or condos above. That mix makes flood paperwork harder than it looks. An elevation certificate records how high key parts of a building sit compared with the expected flood level. In a mixed-use building, those parts don’t all serve the same […]
Why an Elevation Certificate Can Become Important Years After You Buy the Property
Most homeowners get an elevation certificate once, at closing, then never think about it again. It sits in a folder somewhere, forgotten. Then one day a call comes in. Maybe it’s an insurance agent. Maybe it’s a buyer’s lender. Maybe it’s a contractor asking questions before a permit gets approved. Suddenly that old document matters […]
Why Lenders Sometimes Request an Elevation Certificate During Refinancing
If you are refinancing a property, and your lender asks for an elevation certificate, you are not alone. This surprises many developers. But it is a normal part of refinancing for some properties. Knowing why lenders ask for one can save you time and help you avoid delays at closing. Why Refinancing Can Lead to […]