ASTM Changes That Could Affect Your CRE Transaction.Discover what is new with ASTM regarding your future Phase I reports. By: Scott Leonard | 10/16/19 Change is coming, possibly as soon as the end of 2019! ASTM E1527-13, the Standard Practice for Phase I ESAs is well along in its mandatory revision cycle Emergent trends in
Demystifying Environmental Due Diligence in a CRE Ecosystem Anthony Romano: Hello folks. We’re going to wait 30 seconds for a couple more folks to join and then we’ll kick this off. Okay. I think we’re good to go. So hello and good morning to those of you calling in from the west coast and good
Tobi Lutz, joined CREtelligent (formerly eScreenLogic) in late 2019 as Chief Administrations Officer. Tobi is an intelligent, action-ready, executive with expertise in organizational development, leadership, employee relations, and management. Over the past 12 years, she was a strategic partner at CoreLogic, where she led a global team as Vice President of Human Resources. Tobi also played an integral part in their mergers and acquisitions deal team.
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Chris joins us with over 20 years of experience leading B2B enterprise sales, channel partner management, and business development. His experience and knowledge span globally, having formerly worked for CoreLogic in Australia, as their Director of Banking & Financial Services. Chris brings acute insights into the financial services industry, with a passion for developing and implementing innovative due diligence solutions, which will propel CREtelligent (formerly eScreenLogic) into a new realm of workflow solutions for the Commercial Real Estate Industry. Chris possesses a keen sense of how to build and scale highly effective teams with an eye for developing and implementing innovative solutions.
Jim joined CREtelligent (formerly eScreenLogic) in 2020 as our Chief Product and Marketing Officer. Most recently he served as Director of Innovation for LuxerOne (Acquired by ASSA ABLOY OTCMKTS: ASAZY), CMO for Fanola North America (Now Bold Beauty Brands, North America), and CustomerLink Systems (Acquired by Intuit. 2016 NASDAQ: INTU). Jim is passionate about recognizing new and emerging opportunities and forging product and partner paths to get there fast and with flexible, iterative solutions that can morph and grow as market needs develop.
Mark Hockridge joined theCREtelligent (formerly eScreenLogic) team in 2019 as Chief Operating Officer and President of the Due Diligence Division. He is a passionate creator, innovator and business optimizer who thrives on facilitating connection among great people. He possesses a remarkable ability to develop and execute winning strategies. Hockridge is a tried and true servant leader with proven success, a pioneer in marketing automation and well respected across multiple industries. He loves to build and lead amazing teams with world-class culture and is equally at home as an entrepreneur, intrapreneur, or corporate leader.
Anthony, our Chief Executive Officer (CEO), joined the CREtelligent (formerly eScreenLogic) team in December of 2018 to lead company business strategy & execution. He spent the better part of the last 15 years in executive and leadership roles at CoreLogic (NYSE: GLGX) and First American Financial (NYSE: FAF), most recently as the Chief Revenue Officer for FAF’s Mortgage Solutions Division. Prior to that, Anthony was a co-founder of CustomerLink Systems, a vertically integrated CRM platform service eventually acquired by Demand Force. He holds a business degree in management and economics from Sacramento State University. His primary focus is standing up a multi-dimensional Go-To-Market organization (marketing, sales, account management, and business development).
Christopher is a results-driven professional with 15+ years of business operations, sales, taxation, accounting, and client-relations experience with businesses ranging from early start-up and rapidly growing companies to Fortune 500 global multi-national corporations. After earning his MBA from USC, Chris spent the first part of his career with Pricewaterhouse Coopers in San Francisco working with pre- and post-IPO clients. He later joined Ernst & Young, completed his CPA, and now focuses on business strategy and operational finance.
Commercial Real Estate professionals often require a fairly detailed vetting process in order to utilize a new vendor. We get it.
In order to make that process as simple and through for you as possible we have assembled a downloadable “Due Diligence Package” for you to start the ball rolling. As soon as you complete this quick registration form, you will be able to receive our Statement of Qualifications, Certificate of Insurance and our Current Customer Referral list.
Product: EnviroScreenPROTo place an additional order, please complete the required information below and a Client Service Representative will be in touch with your shortly to complete your order.
Environmental Transaction ScreenAn ETS is a limited-scope environmental analysis intended to identify Potential Environmental Concerns in general accordance with ASTM 1528-14. Environmental Transaction Screens are commonly performed for commercial real estate and recommended for low-risk properties where few risks from surrounding properties are anticipated.
An ETS can satisfy conventional loan requirements because it follows ASTM Standard Guidance E1528-14. Unlike a Phase I Environmental Site Assessment (ESA), an ETS does not require analysis of the historical land use of adjacent properties. For certain properties these limitations on the scope of a Phase I ESA strikes the perfect balance between rigorous environmental due diligence and keeping transaction times and costs to a minimum. Please note the ETS does not meet the all-appropriate inquiry requirement of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and is therefore not eligible for the liability limitations the Act provides for.
• Meets SBA Requirements for lower risk sites
• Fully compliant with ASTM Standard Guidance E1528-14
• Limited scope streamlines service times: delivered within seven business days from site inspection Includes in-person site reconnaissance
• Features careful records review of physical setting, historical aerial photographs, city directories, and Sanborn/Fire insurance maps, and a comprehensive regulatory database search
• Identifies Potential Environmental Concerns (PEC)
• Enhanced File Review (EFR) available at additional cost
• If your commercial real estate property is relatively low risk, an ETS is a quicker, more cost-effective, environmental due diligence option.
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