USRC Transaction Ratings
USRC Transaction Ratings reflect the most technically superior PML methodology in the industry
Is it time to sell or refinance your building?
USRC Transaction Ratings give your team due diligence reports based on the only consensus engineering methodology in the industry for seismic risk assessment. It delivers consistent information regardless of the engineer performing the evaluation. Technical reviews are performed to maintain credibility. Your Transaction Rating will remain confidential with the USRC. Each Transaction Rating:
Greg Michaud – Chair of the Commercial Real Estate Finance Council & Head of Real Estate Finance, Voya Investment Management
“Seismic due diligence is very important to the commercial lending and real estate industries. Many in the commercial real estate industry consider the current state of PML reporting to be fractured: lacking consistency, credibility, and professional licensing verification. Just as the accountants created the PCAOB (Public Company Audit Oversight Board) to provide credibility to their members audit reports, I am encouraged that the structural engineering profession is finding ways, such as the USRC, to provide consistency, audit procedures and a revocable certification to those who prepare this critical piece of transactional due diligence.”
Disclaimer
USRC Rating Definitions have been derived from technical publications originally developed by the Structural Engineers Association of Northern California (SEAONC). SEAONC granted the USRC permission to use these documents. Any differences between USRC Ratings and related SEAONC documents are solely the work of the USRC and do not reflect any opinion, endorsement, or approval by SEAONC. While US codes and engineering practices are among the most advanced in the world, evaluations of building performance subject to natural disasters include a significant amount of uncertainty: unknowns related to forecasting actual event location, size and duration, the actual intensity to which the building is subject, and the quality of the building design and construction. Current building analysis, evaluation and correlation methods do not address or remove all these sources of uncertainty. Due to many factors including but not limited to variations in construction, differing site conditions, and variations in natural and man-made events, the performance evaluation of a single building includes a significant amount of uncertainty.