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Category Archives: Environmental Due Diligence

Building Energy Performance Disclosure

Entry by JoeDerhake Thank you to Tony Buonicore with Building Energy Performance News and Jack Huntress of EDR! As many of EDR’s commonground readership know, this April the ASTM approved the formation of a committee to develop a national standard on Building Energy Performance Disclosures.    EDR and Tony Buonicore (one of EDR’s founders) have provided…

Foreclosure Phase I Environmental Audits (1 Comment)

Entry by JoeDerhake Entry This year I think half of the Phase I Environmental Audits that I do are on properties queued for foreclosure.  The Phase I Environmental Audits must meet the ASTM Standard 1527-2007, but in a foreclosure environment there are a few differences.   First, most clients want the Phase I Environmental Audit to be…

Probable Maximum Loss Reports (1 Comment)

Entry by JoeDerhake Entry As an engineer that has been providing lenders Probable Maximum Loss (PML) reports for the past 15 years, I was hopeful that the two new ASTM Standards published in 2007 would standardize the practice of PMLs.    However, the ASTM Standards are overly flexible and have not resulted in sufficient uniformity.   For…

Risk Classification: Standard Practices?

As I mentioned in my first posting, I took a survey of the Environmental Bankers Association Membership as to what is and is not a recognized environmental condition.  The results were presented at the Environmental Bankers Association Conference in Utah on June 9th.   The survey results are posted on the EBA’s Website and my website…

Can a closed site still be a REC? (4 Comments)

Entry by JoeDerhake For the past 2 months I have been administering a survey on behalf of the Environmental Bankers Association.  I have surveyed 20 Environmental Consultants, 19 Environmental Bankers, and 4 Environmental attorneys on what is and is not a REC.   I presented 7 case studies and asked 30 questions on risk tolerance and…

Phase Is on Foreclosures (2 Comments)

Entry by JoeDerhake For environmental consultants, new loan due diligence has given way to pre-foreclosure due diligence.  As professionals, it’s our responsibility to examine the services and recommendations we provide to our clients and adjust these to our customer’s needs.  To understand the fundamental differences between the new loan Phase I ESA and a pre-foreclosure…

Energy Audits and Disclosures–New Law (1 Comment)

Entry by JoeDerhake When you buy a car, the fuel efficiency is on the window.  Well, in California starting January 1, 2010 the same will be required of buildings. California commercial buildings will be benchmarked by the Energy Star Standards as required by California Law, Assembly Bill 1103.    After January 1, 2010 building owners will…