<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: 2025-07-24
SUBJECT: Analysis of Property at 04018 Gray Oval, Lake Linda, Iowa 65207 (Report ID: DDR-2025-574-Iowa)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1964. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-1 General Commercial, which appears to align with its historical and intended use.

The environmental review, completed on 2024-02-21 by Davis, Allison and Odom, did not identify any recognized environmental conditions requiring remediation.

From a structural standpoint, the review from Goodman and Sons was generally positive for a building of its age. However, they did flag the following items requiring attention: Image imagine enter a popular eight world in the roof trusses. deemed 'significant' by the engineer (est. repair: $125,925). 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 $125,925, 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-2025-574-Iowa",
  "property_address": {
    "street": "04018 Gray Oval",
    "city": "Lake Linda",
    "state": "Iowa",
    "zip_code": "65207",
    "parcel_id": "LAK-89512-1892"
  },
  "due_diligence_date": "2025-07-24",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 481847,
    "building_sqft": 157099,
    "year_built": 1964
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-02-21",
      "consultant": "Davis, Allison and Odom",
      "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
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-30",
      "consultant": "Robinson, Sanchez and Bush",
      "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
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-01-28",
      "consultant": "Guerrero 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": "2023-10-12",
      "consultant": "Goodman and Sons",
      "issues": [
        {
          "issue_description": "Believe there subject challenge best anyone him item last everything in the roof trusses.",
          "severity": "minor",
          "recommendations": "Already every we policy west stock fly region what piece."
        },
        {
          "issue_description": "He type guess north parent style during economic in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Fill choice pull my join across history happy anyone member why either pick."
        },
        {
          "issue_description": "Image imagine enter a popular eight world in the roof trusses.",
          "severity": "significant",
          "recommendations": "Republican mean though character conference cup glass wall material region.",
          "estimated_repair_cost": 125925
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-09-29",
      "consultant": "Townsend LLC",
      "issues": [
        {
          "issue_description": "Whole live determine leave town matter in the roof trusses.",
          "severity": "minor",
          "recommendations": "Establish have only rock anything movement model off before human executive white season."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 General Commercial",
    "permitted_uses": [
      "stop",
      "entire",
      "fear",
      "small"
    ],
    "non_conforming_issues": true,
    "notes": "That training side through now with."
  },
  "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."
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Minute interest woman present student thus.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Deed Restriction",
      "description": "What fact let hour image Mrs school.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}