Environmental Site Assessment
Phase I & Phase II
Executive Summary
Visual Inspection
Recognized Environmental Conditions (RECs)
Environmental Site Assessment Phase I
Typically requested as part of a commercial real estate transaction, the Phase I Environmental Site Assessment (ESA) is completed to research the current and historical uses of a property.
The intent is to assess whether current or historical property uses have impacted the soil or groundwater beneath the property and if this impact poses a threat to human health or the environment.
Issues present potential liability for the lender or owner, as well as affecting the value of the property. An ESA Phase I protects your investment.
Environmental Site Assessments: Phase I
TBK Environmental completes comprehensive Phase I & Phase II Environmental Site Assessment, for real estate transactions, property development, bank financing, refinancing, and foreclosures, as well as other in-house proactive audit programs.
All ESAs are completed to ASTM 1527-2005/2013 standard satisfying all appropriate inquiry.
Our in-house research department accesses an extensive archive of historical information as well as conducting:
- On-Site reconnaissance for a standard Phase I & II ESA with in-depth interviews of knowledgeable site contacts.
- Interviews with appropriate Government and Private Sector sources of information.
- Review of standard environmental record sources from local, state, and federal agencies within ASTM approximate minimum search distances.
When working with TBK for your Environmental Site Assessment, you can expect:
- Regular updates for all stakeholders during the process
- Strict client confidentiality
- Use of PARCEL for multiple site portfolios
- HUD, Fannie Mae/Freddie Mac compliance
- Incorporation of specific lender requirements for issuance or reliance language for the purposes of making loan decisions.