The Commercial Real Estate Informational Portal

Welcome to CRE-Expert.com

Welcome to the Commercial Real Estate Expert Blog! A host of industry leading real estate professionals, lawyers, and consultants providing the latest in real estate relevant news and advice.

Tag Archives: Phase I

Environmental Due Diligence | Real Estate

File reviews: digging to uncover business environmental risks

Posted on by janetannan

Under ASTM E1527-13, file reviews are a much more pertinent part of Phase I Environmental Site Assessments (ESA) to accurately identify the potential for Recognized Environmental Conditions (REC) and assess business environmental risk associated with a property.

Read More →
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.

Read More →
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…

Read More →
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?

Read More →
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…

Read More →
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…

Read More →
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,…

Read More →
Environmental Due Diligence | Freddie Mac/Fannie Mae

Freddie Mac Environmental and Engineering Best Practices

Posted on by Erika Petty

On Monday, Freddie Mac released guidance on best practices for engineering and environmental reports.  The guidance notes common report issues, advises methods for selecting the best consultants and evaluating environmental and engineering consultant reports, and notes specific responsibilities. Common errors noted include failure to follow requirements of the Freddie Mac Multifamily Seller/Servicer Guide such as…

Read More →
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…

Read More →