Eric Morgan serves as CREtelligent’s Chief Strategy Officer. Eric is part of CREtelligent’s leadership team, primarily responsible for CREtelligent’s Mergers & Acquisition strategy and execution, including sourcing opportunities, negotiations, and due diligence for CREtelligent’s acquisitions. Eric is also in charge of third-party alliances and partnership opportunities. Before joining CREtelligent, Eric served as a Managing Director at Wells Fargo Securities, Merlin Securities, Susquehanna International Group, and Bank of America Securities. He has a broad background in finance, operations management, technology, and sales with institutional financial firms. Eric is a graduate of California State University, Sacramento, with a Bachelor’s in Business Administration.
An Effective Environmental Due Diligence Report for Low-Risk Commercial Properties
Does your commercial real estate property require additional environmental assessment?
Determining where to go next can be a frustrating experience and could increase wait times and your client’s out-of-pocket expenses. An Environmental Transaction Screen (ETS) could be the answer. An ETS is a lower-cost, faster alternative to a Phase I Environmental Site Assessment (ESA). Ordering an ETS provides thorough environmental site assessment while insuring your CRE transaction proceeds smoothly.
What is the difference between an ETS report and Phase I ESA?
An ETS is a limited-scope environmental analysis intended to identify Potential Environmental Concerns in general accordance with ASTM Standard Guidance E1528-14. Environmental Transaction Screens are commonly performed for commercial real estate and recommended for commercial properties where few risks from surrounding properties are anticipated.
Effective Reports for Low-Risk Properties
Does your commercial real estate property require additional environmental assessment?
Determining where to go next can be a frustrating experience and could increase wait times and your client’s out-of-pocket expenses. An Environmental Transaction Screen (ETS) could be the answer. An ETS is a lower-cost, faster alternative to a Phase I Environmental Site Assessment (ESA). Ordering an ETS provides thorough environmental site assessment while insuring your CRE transaction proceeds smoothly.
What is the difference between an TSA report and Phase I ESA?
An TSA is a limited-scope environmental analysis intended to identify Potential Environmental Concerns in general accordance with ASTM Standard Guidance E1528-14. Transaction Screen Assessments are commonly performed for commercial real estate and recommended for low-risk properties where few risks from surrounding properties are anticipated.
A ETS can satisfy conventional loan requirements because it follows ASTM E1528-14. Unlike a Phase I 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 strike the perfect balance between the need for rigorous environmental due diligence and the need to keep transaction costs and times down. 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.
Environmental Transaction Screen Cost-Effective Solutions
To learn more about RADIUS and this product,
Schedule a Demo here:
Product: EnviroScreenPRO
Environmental Transaction Screen
