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Environmental Risk Screen

The Environmental Risk Screen (ERS) tool introduces environmental screening in the context of a tiered risk management design and monitoring of collateral to ensure minimal likelihood of environmental degradation of the property. It is intended to help risk managers assess likely risks surrounding past or present commercial business activities.

The ERS tool has two main components, each supported by relevant documentation. The screening section identifies which issues are significant and worth addressing as well as those which have little to no adverse impact on the property. The screening section is followed by a recommendations section which addresses options that are available to the risk manager.

While products exist which calculate the risk level of a property using complex algorithms, these environmental risk ratings are essentially what a Zillow property value estimate is to a valuation professional. While a prudent lender would never consider lending based on a Zillow estimate, they often green-light the environmental aspects of a property based on data which has not been properly vetted. Our ERS tool is intended to be dynamic, as federal guidelines and regulations change or new knowledge arises relevant to environmental projects.

ENVIRONMENTAL RISK SCREEN
$750
Per Report
  • Records Review
  • Adjoining Property History
  • Research Findings
  • Aerial Maps
  • Summary
  • Conclusions
  • Recommendations
  • Signed by an Environmental Professional
  • Meets SBA requirements for RSRA

Phase I Report

Our Phase I reports are in compliance with the latest ASTM Standard E-1527-13, which went into effect on December 31, 2013. The report includes a site inspection; interviews with owners, occupants, environmental agencies and neighboring properties; review of environmental databases; analysis of local geologic conditions as well as review of historical records for the subject property. The purpose of the report is to determine if there are any known or potential significant environmental liabilities at the property. These liabilities can occur as regulatory-mandated cleanup, toxix-tort liability (civil), regulated waste disposal, human health exposure, land-use limitations, and potential civil liability for devaluing nearby properties.

We utilize a number of controls to ensure that Phase I’s are performed in a uniform and professional manner. Phase I reports are completed using the ASTM E 1527-13 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process. Completed Phase I reports are then subjected to a series of reviews for thoroughness and accuracy. Our Environmental Professionals have a significant amount of education and field experience which makes them uniquely qualified to assess the potential for liability in real estate transactions.

PHASE I REPORT
$1,750
Per Report
  • Records Review
  • Site Inspection
  • Adjoining Property History
  • Research Findings
  • Comprehensive Aerial Maps
  • Interviews
  • Conclusions & Recommendations
  • Signed by an Environmental Professional
  • Meets ASTM requirements for AAI and CERCLA
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