Due Diligence

What to Look For in a Phase 2 Environmental Report

A phase 2 environmental report being reviewed by a business owner

A Phase 2 environmental report is one of the most important pieces of due diligence documentation used during commercial real estate transactions. However, in order to effectively leverage the information contained in these extensive reports, it is vital that you know what to look for. Generally, reading through the entire Phase 2 environmental site assessment […]

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Protect Your Commercial Loans Through a Phase 1 Environmental Study

A loan secured by a phase 1 environmental study for loans

Commercial real estate loans can quickly become complicated, as there are many moving parts and large sums of money involved. Plus, all parties involved need to be aware of any environmental issues at the property. Unfortunately, there is some confusion in the industry about the terminology used to describe an environmental site assessment. We want

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What Should You Do With Your Phase 1 ESA Report?

A lender reviewing a Phase 1 ESA report at her desk

In the United States, commercial properties are heavily regulated by federal and state entities. The most well-known of these entities is the Environmental Protection Agency. The EPA and state and municipal agencies will hold land owners accountable for any contamination that occurs to their commercial properties. Therefore, it’s critical for buyers, investors, bank lenders, commercial

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Your Guide to ASTM Recognized Environmental Conditions

An environmental consultant working on ASTM recognized environmental conditions

An Environmental Consultant Working on ASTM Recognized Environmental Conditions Phase I ESA (Environmental Site Assessments) are a valuable tool for commercial real estate brokers. Phase I ESAs can help brokers determine the usability of a subject property, which will help protect your company and your client. Such reports are also useful for valuing a piece

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