Benefits of Environmental Due Diligence
Why is Environmental Due Diligence Important?
In commercial real estate transactions, environmental due diligence is performed to identify environmental conditions related to the property involved. Many properties have environmental issues, and without performing environmental due diligence a purchaser and its lender may unintentionally risk loss of property value or liability for remediation costs.
The First Step
Identifying the appropriate level of environmental due diligence for a transaction is the first step in the process. The Phase I Environmental Site Assessment (ESA) is generally the first part of the due diligence process to identify environmental risk and minimize the purchaser's and lender's liability.
Gosling Czubak offers the following features to deliver a thorough, yet expedient, environmental assessment. Contact us to discuss how we can assist with your next project.
What is the Benefit?
|Quick turnaround||Our experienced team can often complete ESA reports within 2 weeks.|
|Comprehensive approach||Our multi-discipline team can complete the due diligence process from start to finish, eliminating "hurry up and wait."|
|Proven Experience||Our staff has the ability to navigate complicated and unique situations.|
|Knowledge of SBA loan process and requirements||Eliminates the need for resubmittal of SBA loan applications due to environmental assessment portion|
|Follow up services||If site is contaminated, we can complete further investigation and/or remediation.|