The requirement
A Level 1 Seismic Risk Assessment is required for properties with a Structural Risk Factor (Form 4099.C), dated within 12 months before the Commitment Date, reporting SEL and SUL at 10% in 50 years, and meeting ASTM E2026 and E2557.
When is an SRA required?
Fannie Mae screens the site first. If the USGS peak ground acceleration is 0.15g or more (10% in 50 years), the lender completes Form 4099.C. A Level 1 SRA is required when the form identifies a Structural Risk Factor.
What the report must contain
- Level 1 scope, including a site visit
- SEL (Scenario Expected Loss) and SUL (Scenario Upper Loss) at the 10% in 50-year level
- Preparation in accordance with ASTM E2026 and ASTM E2557
How old can the report be?
The SRA must be dated within 12 months before the Commitment Date. A report prepared for an earlier financing will usually need to be updated or re-issued.
What happens after the results?
Fannie Mae accepts an SEL of 20% or less on every building that also meets the ASTM E2026 building stability requirements. Above 20%, or with a stability issue, your lender must contact Fannie Mae Multifamily Insurance to agree mitigants. Above 40% on any building, the loan cannot be delivered. The 20% and 40% SEL lines explained
How we deliver it
- Our Qualified Field Assessor performs the site visit; our team completes the analysis, and a California-licensed Civil Engineer (PE) reviews and stamps the report
- We prepare the report to ASTM E2026-24, with SEL and SUL at 10% in 50 years
- Level 1 report PE-reviewed and stamped 5 business days after the site visit
| Inquiry response | Same business day (Mon–Fri) |
|---|---|
| Level 0 desktop assessment | 3 business days from complete data |
| Level 1 SRA | PE-reviewed and stamped report 5 business days after the site visit |
| Level 2 detailed assessment | Quoted per project |
Related: Fannie Mae and Freddie Mac SEL thresholds · Seismic reports for CRE refinancing · Report levels · ASTM E2557 vs. E2026