When it comes to providing affordable housing units, there is a lot of direct social benefit to communities, while offering a financial opportunity for investors, syndicators and lenders. But the opportunity comes with significant risks due to the unique requirements for these projects. From the language in the construction contract to the necessity of ensuring…
This year is shaping up to be an intense year for hurricanes. The CDC and other agencies are urging individuals as well as business and property owners to be prepared not only for a busier-than-usual season, but for the additional complexities and risks of managing hurricane response in the midst of the COVID pandemic. Here…
As if 2020 weren’t already one for the history books, this year’s hurricane season is setting records before we’ve even reached the peak. This is the first year on record in which there have been nine named storms before the first of August. Additionally, this is the sixth season in a row in which tropical…
Environmental Site Assessments (ESAs) are a key tool in mitigating risk for commercial property buyers, lenders, and lessors. They are used to identify potential or existing environmental contamination that may cause liabilities for the owner, lessor, and/or lender. They usually assess environmental concerns regarding both the land and the physical improvements to the land. Why…
After the mortgage crisis of 2008, mass property foreclosures followed quickly, leading into what is now remembered as the Great Recession. This year, 2020, the COVID19 pandemic has shut down economies across the United States, threatening to create yet another wave of foreclosures. But will it be different this time? At GLE Associates, Inc. we…
As businesses across the United States have gradually reopened over the past few weeks, it has become increasingly clear that we will not be going “back to normal” anytime soon. Recommendations from the Centers for Disease Control, Environmental Protection Agency, and various industry publications have outlined new precautions for every environment, from offices to restaurants…
