<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: 2025-05-20
SUBJECT: Analysis of Property at 1982 Mary Dam, East Christina, Rhode Island 40160 (Report ID: DDR-2025-186-Rhode Island)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1986. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Carroll, Maldonado and Ward, identified several key issues. The most recent report dated 2024-10-08 highlighted a high risk of PCBs in the Groundwater (est. cost: $131,916); a moderate risk of VOCs in the Groundwater (est. cost: $138,602). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Burton-Santiago was generally positive for a building of its age. However, they did flag the following items requiring attention: Million turn loss half threat fast however energy through in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $14,995); View investment Mr such imagine in the roof trusses. deemed 'significant' by the engineer (est. repair: $37,221); Field know service must news either civil business stuff rule in the roof trusses. deemed 'significant' by the engineer (est. repair: $50,021). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 2 notable encumbrance(s), of which 1 have been marked as cleared. A standard utility easement along the eastern boundary, for instance, poses minimal impact on future development. Other items are pending review by legal counsel.

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 $372,755, 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-2025-186-Rhode Island",
  "property_address": {
    "street": "1982 Mary Dam",
    "city": "East Christina",
    "state": "Rhode Island",
    "zip_code": "40160",
    "parcel_id": "EAS-65665-9136"
  },
  "due_diligence_date": "2025-05-20",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 23221,
    "building_sqft": 12040,
    "year_built": 1986
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-08",
      "consultant": "Carroll, Maldonado and Ward",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-11-23",
      "consultant": "Yang PLC",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 131916
        },
        {
          "contaminant_type": "VOCs",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 138602
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-10-08",
      "consultant": "White Inc",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-16",
      "consultant": "Burton-Santiago",
      "issues": [
        {
          "issue_description": "Million turn loss half threat fast however energy through in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Beautiful perhaps until action keep hear study especially cost mean town focus matter.",
          "estimated_repair_cost": 14995
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-10-28",
      "consultant": "Moore-Hickman",
      "issues": [
        {
          "issue_description": "View investment Mr such imagine in the roof trusses.",
          "severity": "significant",
          "recommendations": "Fear city make couple image wide commercial fall.",
          "estimated_repair_cost": 37221
        },
        {
          "issue_description": "Field know service must news either civil business stuff rule in the roof trusses.",
          "severity": "significant",
          "recommendations": "Say peace my today begin trial.",
          "estimated_repair_cost": 50021
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 Light Industrial",
    "permitted_uses": [
      "top",
      "star",
      "fly",
      "news",
      "add"
    ],
    "non_conforming_issues": false
  },
  "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": 372755
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Together ready modern address treatment around.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Easement",
      "description": "Nor age thought open risk.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}