phase I assessment Archives

9 Must-Know Contamination Terms for Developers

Robert B. Greene, PE, PG, CIH, LEED AP Robert B. Greene, PE, PG, CIH, LEED AP

Superfund Drum Disposal - GLE Associates

Dealing with a contaminated property for the first time can feel like a nightmare in wonderland. The headaches are numerous, and the costs can be outrageous. The bureaucratic maze of regulations can make your head spin, and even the terminology is impossibly complicated. Whether you’ve purchased a property only to learn later that it’s contaminated,…

Contamination Remediation: What Developers Need to Know

Robert B. Greene, PE, PG, CIH, LEED AP Robert B. Greene, PE, PG, CIH, LEED AP

Nobody likes to hear that a potential development site has contamination on it. Nevertheless, it is certainly better to hear this before a purchase rather than after. Unfortunately, developers often rush into a purchase without adequate environmental due diligence, and wind up with unpleasant news on the wrong side of the closing date. Even in...

Phase I versus Phase II Environmental Site Assessment

Robert B. Greene, PE, PG, CIH, LEED AP Robert B. Greene, PE, PG, CIH, LEED AP

Nearly every commercial property purchase or re-finance today involves at least a Phase I Environmental Site Assessment (ESA). This assessment helps lenders and buyers mitigate the risk involved in the purchase, by identifying likely cases of environmental contamination. Increasingly, buyers and lenders alike demand a Phase II environmental site assessment, as well, if the Phase...

Environmental Risk Management: What Lenders Need to Know

Edmund Smith, CHMM Edmund Smith, CHMM

Potential environmental problems on collateral property represent one of a commercial lender’s largest risk exposures. The discovery of previously unknown contamination can cause a property’s value to plummet, while simultaneously entailing remediation costs far in excess of any remaining value derived from the property. These costs can quickly become the lender’s problem when the borrower...

Tag: phase I assessment

9 Must-Know Contamination Terms for Developers

Contamination Remediation: What Developers Need to Know

Phase I versus Phase II Environmental Site Assessment

Environmental Risk Management: What Lenders Need to Know

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