steve@weblinedesigns.com
Is a Buyer’s Environmental Due Diligence the Same as the Lender’s?
You would think, yes. But, in many cases it turns out the answer is, no. There are significant differences between a buyer’s environmental due diligence and a what a lender’s environmental due diligence may require.
The phase one environmental site … Read more
The Many Phases of Environmental Due Diligence
When a potential purchaser is looking to acquire a commercial real estate asset some level of due diligence should be conducted to determine if any Recognized Environmental Conditions (RECs) exist.
There was a time when the be all and … Read more
EPA Set To Launch New Information System
For over three decades, under the Superfund Act of 1980, the Environmental Protection Agency (EPA) has used the Comprehensive Environmental Response, Compensation and Liability Information System (CERCLIS) application to store information related to enforcement activities, clean ups, and releases. However, … Read more
Current Economic Climate Impacting Commercial Sales
Since 2008 in the aftermath of the Great Recession, many companies have been holding onto their cash and avoiding large real estate purchases. In addition, compared to historic data credit has been tight. Banks and Credit Unions were just not … Read more
Environmental Consultants Are Essential For Sellers Too
Generally in the course of a commercial real estate transaction, buyers are required by their lenders to show they’ve performed their due diligence. Part of this due diligence is hiring an environmental consultant to perform a Phase One Environmental Site … Read more
Avoid Liability – Phase One Reports Need To Include a Section on Vapor Encroachment
The purpose of a Phase One Environmental Site Assessment (ESA) is to limit a buyer’s liability when purchasing a commercial property. To do so, the report needs to turn up any yellow or red flags that would require a purchaser … Read more