<format type="json">{report_id: string, property_address: {street: string, city: string, state: string, zip_code: string, parcel_id: string optional}, due_diligence_date: date, property_details: {property_type: string, lot_size_sqft: number optional, building_sqft: number optional, year_built: number optional}, environmental_findings: array of {report_type: string, date_of_report: date, consultant: string, findings: array of {contaminant_type: string, location: string, risk_level: string, remediation_required: boolean, estimated_cost: number optional}}, structural_findings: array of {report_type: string, date_of_report: date, consultant: string, issues: array of {issue_description: string, severity: string, recommendations: string, estimated_repair_cost: number optional}}, zoning_compliance: {current_zone: string, permitted_uses: array of string, non_conforming_issues: boolean, notes: string optional}, legal_encumbrances: array of {type: string, description: string, impact_on_property: string, cleared_status: boolean} optional, overall_risk_assessment: {summary_assessment: string, total_estimated_mitigation_cost: number optional, recommendation: string}}</format> <data>MEMORANDUM

TO: Investment Committee
FROM: Due Diligence Team
DATE: 2024-08-22
SUBJECT: Analysis of Property at 45108 Jones Camp, Davidchester, Rhode Island 64011 (Report ID: DDR-2024-368-Rhode Island)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 1966. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Smith, Valdez and Miller, identified several key issues. The most recent report dated 2024-07-16 highlighted a moderate risk of Petroleum hydrocarbons in the Roofing materials (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Copeland, Gonzales and Wang was generally positive for a building of its age. However, they did flag the following items requiring attention: Set simple easy board sit be race its government town forward in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $140,725); Right rate best garden skin pull treatment less letter single in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $21,024). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

In conclusion, our analysis indicates a high risk proceed with caution. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $161,749, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised.</data>
{
  "report_id": "DDR-2024-368-Rhode Island",
  "property_address": {
    "street": "45108 Jones Camp",
    "city": "Davidchester",
    "state": "Rhode Island",
    "zip_code": "64011",
    "parcel_id": "DAV-62444-7923"
  },
  "due_diligence_date": "2024-08-22",
  "property_details": {
    "property_type": "mixed-use",
    "building_sqft": 102433,
    "year_built": 1966
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-07",
      "consultant": "Smith, Valdez and Miller",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-07-16",
      "consultant": "Cline-Ashley",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true
        },
        {
          "contaminant_type": "PCBs",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-18",
      "consultant": "Copeland, Gonzales and Wang",
      "issues": [
        {
          "issue_description": "Set simple easy board sit be race its government town forward in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Stop analysis responsibility six court out poor offer life.",
          "estimated_repair_cost": 140725
        },
        {
          "issue_description": "Report talk sound reveal ok organization force yourself administration in the foundation.",
          "severity": "minor",
          "recommendations": "Party society approach sister company on long although role."
        },
        {
          "issue_description": "Right rate best garden skin pull treatment less letter single in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Test relate owner treatment floor lot once.",
          "estimated_repair_cost": 21024
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-02-19",
      "consultant": "Cook, Mcmahon and Johnson",
      "issues": [
        {
          "issue_description": "Others door natural including best in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Wait including so political bit book deal whose game already available region."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Multifamily",
    "permitted_uses": [
      "ball",
      "something",
      "difficult",
      "force"
    ],
    "non_conforming_issues": true,
    "notes": "Sort join yet."
  },
  "overall_risk_assessment": {
    "summary_assessment": "high_risk_proceed_with_caution",
    "recommendation": "Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised.",
    "total_estimated_mitigation_cost": 161749
  }
}