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Tag Archives: environmental assessment

Environmental Due Diligence

SBA Loan Requirements

Posted on by Gary Reynolds

In accordance to SBA’s SOP 5010 5 (C), when obtaining a 504 or 7a Loan SBA requires an Environmental Investigation of all commercial Property upon which a security interest such as a mortgage, deed of trust, or leasehold deed of trust is offered as security for a loan or debenture. The type and depth of…

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Environmental Due Diligence

Phase I Environmental Site Assessment – SBA

Posted on by Gary Reynolds

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…

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Commercial Real Estate Finance | Environmental Due Diligence

Environmental Due Diligence: Phase I ESAs and Other Options

Posted on by Kelly Javier

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,…

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Commercial Real Estate Finance | Environmental Due Diligence | Fannie Mae | Multi-Family | Real Estate

Fannie Mae Inspections

Posted on by Thomas Hill

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…

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Environmental Due Diligence

Phase I Environmental Site Assessment Risk Decisions (2 Comments)

Posted on by Joe Derhake PE

Entry by JoeDerhake Entry When doing Phase I Environmental Site Assessments, sometime the facts are on the border between a recognized environmental condition and an environmental issue.   This blog is my latest in a series of borderline decisions.   Here is the scenario: the Phase I ESA finds a classic REC on site.  Let’s say we…

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Environmental Due Diligence

Phase 1 Environmental Site Assessment and Erosion Control

Posted on by fromeo

One of the many unfortunate effects of the burst in the housing bubble is an overabundance of partially completed subdivisions and erosion control issues due to lack of maintenance.  In many cases, these subdivisions have been graded and have been left void of any vegetation.  In some cases, they have been partially developed with a…

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Environmental Due Diligence

Phase I Environmental Site Assessment Risk Decisions

Posted on by Joe Derhake PE

Entry by JoeDerhake Entry When doing Phase I Environmental Site Assessments, sometimes the facts are on the border between a recognized environmental condition and an environmental issue.   This blog is my latest in a series of borderline decisions.   Here is the scenario: the Phase I ESA finds a classic REC on site.  Let’s say we…

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Environmental Due Diligence

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

Posted on by fromeo

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…

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Environmental Due Diligence

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

Posted on by Amy Rudegeair

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.

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Environmental Due Diligence

Environmental Professionals as Required by ASTM E1527 (3 Comments)

Posted on by Joe Derhake PE

Entry by JoeDerhake Entry There has been much discussion about the creation of a national environmental professional registration system and having a new ASTM Standard to require that a ‘Registered’ Environmental Professional conduct a Phase I Environmental Site Assessment (ESA). I support such a requirement, as Environmental Professionals too often have to compete with either…

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