Partner Engineering and Science, Inc. is pleased to launch our spring webinar series. This series offers new and updated webinars that discuss commercial real estate trends, standards updates and changes as they affect the commercial real estate industry. Registration for all webinars is at no cost to industry professionals. Webinar Topics Include: The Essentials of Seismic Risk Assessments Why ... Read More »
Being that Colorado is an area with a high radon propensity, it is important to know how radon can impact a real estate transaction. Sellers, lenders, and developers need to be aware of the risks of radon and how it can impact their commercial real estate deal. Radon testing can be completed to assess whether a particular building has elevated levels and radon mitigation, if necessary, can o... Read More »
It’s been a full month since this year’s MBA CREF conference and time to look back at the conference happenings. During the 2013 MBA CREF conference that took place from February 2 through February 6, the California Mortgage Bankers Association (CMBA) presented their State of the State breakfast. This year, Mary K. Ludgin, Ph.D., Managing Director, and Director of Global Investment R... Read More »
The benefits of green building and energy efficiency are real and increasingly want to be realized by commercial real estate investors and tenants alike. Partner Engineering and Science, Inc.’s green retrofit of their new company headquarters in Los Angeles provided Partner with firsthand experience in realizing those benefits. By undertaking this project, Partner is now able to provide inva... Read More »
An Old Persian Proverb teaches that “One pound of learning requires ten pounds of common sense to apply it.” By applying this lesson when reading through Appendix 4 of the current SBA SOP 5010 5 (E) the NAICS Codes of Environmentally Sensitive Industries, lenders can save their borrowers time and money. I’ve had many lenders contact me with an order for a Phase I Environmental Site Assessm... Read More »
Video on Phase I ESAs. Read More »
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 a Phase I AAI Compliant ESA? The answer to this is a definitive YES, and NO! Take a look at ... Read More »
A comprehensive overview of Phase I ESAs, their use and purpose, and the various types of Phase 1s required by different entities. Read More »
Phase I ESA QA/QC - how/when do things slip through the cracks? Read More »
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 an Environmental Investigation to be performed varies with the risks of Contamination. Here i... Read More »
