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Tag Archives: phase I esa

Environmental Due Diligence

Does the Size of a Property Matter When It Comes to Doing Due Diligence?

Posted on by Kelly Javier

Does size matter? I often hear from clients that they aren’t concerned about the potential environmental liability for properties that are particularly small. The problem is, that in the instance of liability on a property that is contaminated, it doesn’t matter whether a property is 0.5 acre by 10 feet or several acres. Contamination clean…

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Environmental Due Diligence

Pre-Lease Phase I Environmental Site Assessments

Posted on by Joe Derhake PE

Our Phase I Environmental Site Assessment (ESA) practice most commonly focuses on pre-loan and pre-acquisition due diligence, but pre-lease Phase I ESAs are common enough.    In this blog I seek to highlight the value equation for pre-please Phase I ESAs as well as give users the tools to decide what, if any, environmental due diligence…

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Environmental Due Diligence

EDR ScoreKeeper – 2011 Trends in Phase I Environmental Site Assessments

Posted on by Erika Petty

I noticed in EDR ScoreKeeper’s Q1 2011 and Q2 2011 report that big consulting firms are growing at a larger rate than small firms.  Apparently lenders and real estate investors are increasingly choosing larger firms for their Phase I Environmental Site Assessments.   I spoke with two national lenders who said that they were trying to…

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Environmental Due Diligence

Environmental Due Diligence for Loan Work Outs

Posted on by Erika Petty

For lenders, conducting the appropriate level of pre-foreclosure environmental due diligence is crucial to managing the risk of lender-owned real estate portfolios.  Though the economy is on a tenuous path to recovery, commercial real estate foreclosures persist.  Lenders may be dealing with foreclosure backlogs for years to come. Partner’s Amy Rudegeair co-authored an award-winning article…

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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

Fannie Mae Form 4262

Posted on by Kelly Javier

Fannie Mae has come out with an update to Form 4262.  Some of the changes that are now included is a seperate worksheet to “Insert Brochures or Documents.” To view the the worksheet go to Partner Engineering and Science’s Fannie Mae page.

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Environmental Due Diligence

Understanding SBA SOP 5010 5 (C)

Posted on by Gary Reynolds

Since the latest revision to SBA’s SOP 5010 5 (C), that came out in October 2010, I have been asked some reoccurring questions in regards to the Environmental Requirements on 504 and 7a loans. One of those reoccurring questions is when there is a NAICS Codes match does it mean that I will have to have…

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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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