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Author Archives: Joe Derhake PE

Environmental Due Diligence

EEL on a Vapor Encroachment Condition (VEC)

Posted on by Joe Derhake PE

Expected Environmental Loss (EEL) on a Vapor Encroachment Condition (VEC)? Expected Environmental Loss is a term I coined and introduced on my previous blog post.   EEL is essentially the mean or expected loss that an owner will experience if they own a given asset with an associated recognized environmental condition (or Vapor Encroachment Condition, VEC).    The term…

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Environmental Due Diligence

Expected Environmental Loss

Posted on by Joe Derhake PE

If I own 100 gas stations for 20 years, what is my Expected Environmental Loss (EEL)?      For an environmental consultant to provide some sort of measure of “expected” environmental risk and related financial loss, as opposed to the worst-case risk, is extremely valuable to real estate investors.   Real estate investors constantly balance risk and reward.  …

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Environmental Due Diligence

Mission Critical: It’s All About the People

Posted on by Joe Derhake PE

My mission statement came from a conversation with my father.    My father was 5 years retired and he was reflecting on his career.   He was an automotive engineer for Cadillac and Buick.   He had a fine career getting promoted up the ladder as an engineer and as an executive.  When I asked him what was…

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Building Experts | Energy

California Energy Disclosure Law’s Implementation Delayed Again

Posted on by Joe Derhake PE

The California Energy Commission delayed the implementation of AB 1103, California’s landmark energy disclosure law.   This is the 4th time that the law’s implementation has been delayed in the past two years.   Now the first set of buildings will require energy disclosure in January of 2012–unless the law is delayed again. No doubt the law…

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Commercial Real Estate Finance | Environmental Due Diligence | Fannie Mae | Freddie Mac/Fannie Mae | Multi-Family | SBA Real Estate Finance

Phase 1 Environmental Site Assessments – A Comprehensive Overview

Posted on by Joe Derhake PE

A comprehensive overview of Phase I ESAs, their use and purpose, and the various types of Phase 1s required by different entities.

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Environmental Due Diligence

San Francisco Commercial Energy Performance Disclosure and Energy Audit Ordinance

Posted on by Joe Derhake PE

New San Francisco Existing Commercial Building Energy Performance Ordinance

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Environmental Due Diligence

Quality Control / Quality Assurance – Phase I Environmental Site Assessments

Posted on by Joe Derhake PE

Phase I ESA QA/QC – how/when do things slip through the cracks?

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Environmental Due Diligence

Probable Maximum Loss (PML) Scope of Work for CMBS Lenders

Posted on by Joe Derhake PE

Entry by JoeDerhake Entry The commercial mortgaged-backed security (CMBS) industry has been reborn in 2010.  CMBS underwriters call their new underwriting paradigm CMBS 2.0.   Providers of third party reports such as Phase I Environmental Site Assessments, Property Condition Assessments and Probable Maximum Loss reports ask: What does CMBS 2.0 mean to our trade?    The Phase…

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