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Tag Archives: due diligence

Phase I Environmental Site Assessment – SBA

You’ve been told you need to have a Phase I Environmental Site Assessment (ESA) and now may be looking for answers to the questions: Why you need one Where you get them How much they cost How long do they take Will it meet the Small Business Administration (SBA) environmental requirements . When ordering a Phase I…

Environmental Due Diligence: Phase I ESAs and Other Options

If you are buying a commercial property, you need to do environmental due diligence.  The gold standard for due diligence is the Phase I Environmental Site Assessment.   The Phase I ESA is basically a research project into the properties current and past use and how these uses could potentially affect the environment.   As a buyer,…

Fannie Mae Inspections

A property inspection, also known as a Physical Needs Assessment (PNA), is one of the first steps in an equity or transfer of ownership lending transaction involving Fannie Mae as the insurer of the loan.  Partner Engineering and Science, Inc. specializes in transactions that Fannie Mae consider their “small loans” division. These are loans that are less…

No substitute for experience when it comes to HUD Project Capital Needs Assessments

Due to market conditions, the last few years have seen an increase in HUD/FHA loans.  In turn, the need for HUD due diligence reports has increased.  Consultants who have specialized in this area in the past have a backlog of work for several weeks, and in some cases, months.  As the law of supply and…

Selection of a Phase I Environmental Site Assessment Vendor In North Carolina

When ordering a Phase I Environmental Site Assessment in North Carolina, careful consideration should be given the credentials of the firm and their experience with similar property types. Partner Engineering and Science has been involved in more than 5,000 environmental site assessments in North Carolina covering a wide range of property types.

The Importance of Erosion Control Inspections During Collateral Analysis

In order to quantify potential liabilities, it is important to make sure that erosion/stormwater inspections are completed as part of the collateral analysis process.

Real Estate Secured Lending – Gas Stations

Typically, when a lender is considering a real estate secured loan collateralized by a gas station, the environmental risk associated with the real estate can be a major factor in the lending decision.

TRIENCE (noun) – pertaining to and the study of the ENVIRONMENT, ENGINEERING AND ENERGY as they pertain to facility management

TRIENCE (noun) – pertaining to and the study of the ENVIRONMENT, ENGINEERING AND ENERGY as they pertain to facility management. Is Trience really a word?  Do people really study these things?  Are they teaching Trience in high school labs and college lecture halls?  Is Trience part of the newly enacted federal government regulations developed to…