Environmental Due Diligence
InÂ commercial real estate transactions, environmental due diligence is often aÂ requirement for buying, selling Â or rehabilitating property. While it is easy for buyers and sellers to treat environmental due diligence as a box to be checked in a transaction, it can be helpful to step back and consider how important due diligence is to protecting stakeholders in a real estate deal. Environmental due diligence typically starts with an ESA Phase 1 report, which is a visual inspection and review of historical property records to determine if any hazardous materials might be at play in a property.Â
In addition to the ESA Phase 1 report, lenders, insurers, investors, or other stakeholders may require other due diligence reports. Additional due diligence reports include:Â aÂ
Hazardous Materials Survey,Â Property Condition Assessment (PCA), aÂ
Probable Maximum Loss Report,Â American Land Title Association Survey, Subsurface Soil Examination.Â Some, or all of these reports can be bundled with the ESA Phase 1.
Speak with one of our friendly client representatives today to discuss your needs and how we can quickly and efficiently meet them. Call us atÂ 1-800-595-7616Â or use our quick and easy to fill out contact form.
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Essel staff are fully trained and certified for all inspections they will perform.
While others may outsource tasks to the lowest bidder, we use only in-house engineering professionals.
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