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Environmental Professional Certified Commercial Property Evaluation
A Phase I Environmental Site Assessment (ESA) is an evaluation of a real estate holding, property, or site, that identifies potential or existing environmental contamination liabilities. Our Environmental Professionals will thoroughly assess the historical and current usages of the site and adjacent properties, perform a rigorous site inspection, review available regulatory databases, and conduct interviews with local regulators, owners, and occupants to gain a clear perspective on potential environmental risks.
Environmental Professional Certified Commercial Property Evaluation
A Phase I Environmental Site Assessment (ESA) is an evaluation of a real estate holding, property, or site, that identifies potential or existing environmental contamination liabilities. Our Environmental Professionals will thoroughly assess the historical and current usages of the site and adjacent properties, perform a rigorous site inspection, review available regulatory databases, and conduct interviews with local regulators, owners, and occupants to gain a clear perspective on potential environmental risks.
Procuring an Environmental Site Assessment.
Requirements vary between lending institutions, but ESAs are typically required during the due diligence process to avoid potential environmental risk and liabilities. Each Phase I ESA report follows the guidelines set forth in American Society of Testing Materials (ASTM) guidance document No. E1527-13. A Phase I ESA is essential for safeguarding a lender’s investment. Environmental due diligence is needed to ensure the lender is not inheriting someone else’s environmental legacy, should the borrower default.
From the forgotten historic corner gas station site, auto repair facility, industrial manufacturing sites, or dry-cleaner site, there are numerous past activities which could have affected groundwater and/or subsurface media at commercial sites. The Phase I ESA report is comparable to that of a title search performed before purchase or refinance. An ESA ensures the investment is sound and that there are no skeletons in the closet.
Procurring an Environmental Site Assessment.
Requirements vary between lending institutions, but ESAs are typically required during the due diligence process to avoid potential environmental risk and liabilities. Each Phase I ESA report follows the guidelines set forth in American Society of Testing Materials (ASTM) guidance document No. E1527-13. A Phase I ESA is essential for safeguarding a lender’s investment. Environmental due diligence is needed to ensure the lender is not inheriting someone else’s environmental legacy, should the borrower default.
From the forgotten historic corner gas station site, auto repair facility, industrial manufacturing sites, or dry-cleaner site, there are numerous past activities which could have affected groundwater and/or subsurface media at commercial sites. The Phase I ESA report is comparable to that of a title search performed before purchase or refinance. An ESA ensures the investment is sound and that there are no skeletons in the closet.
Phase I Environmental Site Assessment Tips to help.
Phase I Environmental Site Assessment (ESA): The gold standard of EDD reports. This tool has all the required features of our Environmental Transaction Screen (ETS), but also includes:
- An EPA-certified EP’s personal review of adjacent properties’ historical use, including a review of historical aerial photographs, city directories, and Sanborn/fire insurance maps
- Compatibility with Small Business Administration’s (SBA) EDD Guidelines and inclusion of insurance
Specifications
Call To Order
866.901.7201
Phase I ESA Tips to help.
Phase I Environmental Site Assessment (ESA): The gold standard of EDD reports. This tool has all the required features of our Environmental Transaction Screen (ETS), but also includes:
- An EPA-certified EP’s personal review of adjacent properties’ historical use, including a review of historical aerial photographs, city directories, and Sanborn/fire insurance maps
- Compatibility with Small Business Administration’s (SBA) EDD Guidelines and inclusion of insurance
Specifications
Product: EnviroScreenPRO
Environmental Transaction Screen
