Real Estate Due Diligence
WE HELP SELLERS, PURCHASERS, AND LENDERS ESTIMATE THE EXTENT OF POSSIBLE EXPOSURE BY CONDUCTING PHASE I AND II ENVIRONMENTAL SITE ASSESSMENTS TO DETERMINE IF BUSINESSES OR PROPERTIES CARRY ANY POTENTIAL ENVIRONMENTAL LIABILITIES.
We help you complete your transactions by quickly determining if there are potential or known environmental issues at your property with our ASTM E1527-21 compliant Phase I Environmental Site Assessment (ESA) Report. Our complete and correct Phase I ESAs will afford the purchaser, in most situations, environmental liability protection, known as Bona Fide Prospective Purchaser (BFPP) status, from known or unknown environmental issues at the time of closing. We coordinate environmental due diligence with legal, financial, and insurance institutions to ensure the Phase I ESA will stand up to whoever wants, needs, or requires it. In addition to identifying potential hazardous waste or petroleum issues with your property, our firm can assist with asbestos, mold, and lead-based paint evaluations and sampling.
We provide personalized recommendations based on the findings of the Phase I ESA to ensure continued BFPP status and assist with the property transfer. We are available to speak with lenders, brokers, property owners, and other stakeholders, as needed, to help all parties understand our findings and next steps.
EnviroForensics will let you know as soon as we identify potential issues in the preparation of our Phase I ESA, ahead of issuing the report, to allow you to understand your options ahead of closing. If it is determined that a property is unlikely to have contamination after a Phase I ESA, then additional investigation is not necessary. If RECs are found, it may require a more detailed study and sampling as part of a Phase II ESA investigation. We tailor our Phase II sampling plans to your unique situation and in the event contamination is found, we will still offer solutions to help get deals done.