Regulatory Investigations

Option 1: Regulatory Review

 

Purpose: Our Regulatory Review intends to identify recognized environmental conditions associated with the Property and the adjoining Properties. Our Regulatory Review includes a records search, a municipal investigation, and a written report that includes our findings, conclusions, and recommendations. This investigation does not include a site inspection. A title investigation can be included for an additional charge.

 

Benefits: Our Regulatory Review is specifically designed for smaller loans providing high levels of collateral or for Properties that would not be seeking protection under CERCLA or “innocent landowner’s defense.” Our Regulatory Review will give you a “snapshot” of the Property and the adjoining Properties thereby achieving a satisfactory level of comfort.

Option 2: Environmental Site Assessment (ESA) & Transaction Screen (ASTM E1528-14)

 

Purpose: We offer this ESA to identify recognized environmental conditions associated with the Property. Our ESA includes a regulatory search, a municipal investigation, an on-site inspection, an on-site inspection, interviews with the Property Owner/Occupant (as available), and a written report including our findings, conclusions and recommendations. A title investigation can be included for an additional charge.

 

Benefits: The purpose of the ESA is to identify, to the extent feasible, “recognized environmental conditions” in connection with the Property.


Our ESA is specifically designed for newer properties, residential type properties, loans with higher levels of collateral or Properties that would not be seeking protection under CERCLA or “innocent landowner’s defense”. Our ESA will give you a more in depth look at the Property and the adjoining Properties thereby achieving a higher level of comfort.

Option 3: Phase I Environmental Site Assessments, (ASTM E1527-13 / All Appropriate Inquiry (AAI))

 

Purpose: As always, we continue to offer Phase I Environmental Site Assessments in compliance with AAI and ASTM E1527-13. The purpose of which is to identify, to the extent feasible, “recognized environmental conditions” in connection with the property, and to investigate all past and present ownership uses and operations at the property with respect to the range of contaminants within the scope of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), and petroleum products.

 

Benefits: Our Phase I Environmental Site Assessments are intended to permit the “user” to satisfy one of the requirements to qualify for the “innocent landowners defense” to CERCLA liability; that is, the practices that constitute “all appropriate inquiry” into the previous ownership and uses of the property consistent with good commercial or customary practice” as defined in 42 USC 9601(35).