Project: 422 Butternut Street, NW
Client: The Adams National Bank
Location: Washington, DC
Assignment: Distressed Project Recovery Services
Scope:
• Analyze developer's "cost to complete" budget and advise client on efficacy
• Review work in place for conformance to contract requirements
• Make recommendation to client for loan draws to be paid to developer
• Notify client of defective, deficient or non-conforming work performed by developer
Key Facts:
• Project is a conversion of apartment buildings to 30 condominium units
• Three-story building is sited on a 25,000+ square foot lot with "at grade" parking
