Commercial Real Estate Due Diligence Underwriters, analysts, and loan officers who want to deepen their knowledge of Commercial Real Estate Due Diligence are well served to learn a little about each type of third party report that is needed to underwrite a commercial real estate transaction. Five of the most commonly required commercial real estate due diligence reports are Phase I Environme... Read More »
Cliff Notes from CMBA State of the State
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 »
Does the Size of a Property Matter When It Comes to Doing Due Diligence?
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 up cost is based on the amount of contaminati... Read More »
SBA SOP 5010 5 (E)- NAICS Codes for Environmentally Sensitive Industries
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 »
Business Environmental Risk in Phase 1 ESAs
Business Environmental Risk evaluation in the Phase 1 Environmental Site Assessment process Read More »
Off-Site VEC and De Minimis Environmental Conditions
Is a VEC a REC or a de minimis environmental condition? Read More »
Understanding SBA SOP 5010 5 (C)
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 »
Phase 1 Environmental Site Assessments – A Comprehensive Overview
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 1 ESA use for business risk versus CERCLA Innocent Landowner defense Read More »
