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Tag Archives: Gas Stations

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 | SBA Real Estate Finance

Summary of the SBA’s SOP Environmental Policy Revisions in SBA SOP 50 10 5 (C)

Posted on by Gary Reynolds

The SBA published their latest update their environmental policy in SOP 50 10 5 (C).    The SOP revisions take effect on October 1st, 2010 we should all bone up on a few of the new elements of SOP 5010 5 (C) (pages 199 – 206 & 310 – 317). One now technical, but important point,…

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Commercial Real Estate Finance | Environmental Due Diligence | Site Surveys (ALTA)

Real Estate Secured Lending – Gas Stations

Posted on by Amy Rudegeair

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.

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Commercial Real Estate Finance | Environmental Due Diligence

Are Gas Stations Taboo for lenders

Posted on by khouston919

My previous experience with gas stations comes from a regulatory standpoint where the focus for evaluating the USTs was compliance. Currently, as an environmental professional, the evaluation of a gas station for a lender, involves more than just compliance when performing a Phase I ESA on gas station. The Energy Act of 2005 required that…

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