Commercial Inspection Services
Commercial Asset-Level Field Inspection Specialist
With more than 40 years in construction, development, and capital project management, Rick Wheat is a Florida-based commercial field inspector covering the Southeast and available for both interior and exterior assignments. Part of his background includes coordinating a Private Equity group with the acquisition and/or disposition of over 10,000 affordable apartment units throughout the Southeast. Most recently, he has assisted with executive oversight of a $580MM, 44-property multifamily portfolio (4,700+ units) in (10) states nationwide.
Mr. Wheat has performed thousands of onsite unit and property inspections related to:
- Capital expenditure evaluation
- Draw inspections and deployment verification
- Physical condition reports
- Insurance and underwriting site assessments
Mr. Wheat earned his Florida Building Contractor’s license in 1983, then elevated it to a General Contractor’s license two years later. As such, he built or renovated several $million in commercial and high-end residential projects. In addition to his significant construction knowledge, Rick is a Certified Commercial and Residential Mold Inspector and Remediator, giving him strong risk-recognition capability without crossing into structural or code compliance scopes unless requested.
Mr. Wheat is fully insured, is available throughout the Southeast U.S., and is comfortable with interior access and lender/insurance-driven reporting requirements.
Capital Expenditure Evaluation
A major role in a proper Commercial Field Inspections is the structured process of reviewing, analyzing, prioritizing, and recommending major investments in long-term assets to determine whether they create sufficient financial and strategic value.
When dealing with commercial real estate (office, multifamily, retail, industrial), this typically involves evaluating large investments such as roof replacement, mechanical systems, parking lot reconstruction, unit renovations, or full repositioning strategies.
Best For:
Lender and Insurance verifications, strategic planning
Draw Inspections and Deployment Verifications
Provide independent, field-based confirmation that construction or capital improvement funds are being deployed appropriately, work is progressing according to scope and schedule, and completed items justify requested disbursements.
These services protect lenders, investors, and ownership groups by verifying that capital is properly applied before funds are released.
Informed by operational performance and physical asset realities. Ideal for seeking clear, unbiased perspective on work in place.
Best For:
Investors, Owners, and Lenders
Physical Condition Reports
The process of assessing, recording, and reporting the physical “As-Is” condition of a property and verifying its adherence to applicable contractual, and operational standards.
Deliverables often include:
- Narrative summary
- Photographic documentation
- Observed deficiencies
- Remaining useful life estimates (if applicable)
Best For:
Property acquisitions, partnership evaluations
Insurance & Underwriting Site Assessments
Provides structured, field-based evaluations of a property conducted to identify physical risks, verify insurability, and support underwriting decisions for insurance carriers and lenders.
These assessments provide objective documentation of site conditions that may affect risk exposure, premium pricing, loan approval, or coverage terms.
May be used for:
- Property condition and maintenance level
- Deferred maintenance concerns
- Risk mitigation practices
Best For:
Insurance Carriers, Lenders, Ownership Groups
Discuss Your Needs
Not sure which service fits your situation? Let’s talk through your asset or project and determine the right approach.