Avoiding Risk Exposure and Third-Party Liability
With real property financial transactions there can be potential environmental concerns that present significant risk exposure and third-party liability. Although lenders may have secured creditor liability exemptions through the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and similar state laws, they must demonstrate proper environmental due diligence prior to lending and foreclosing in order to qualify for these exemptions.
Even with a valid liability exemption, the real property may not be worth its appraised value and may be difficult to sell. Small Business Administration (SBA) and United States Department of Agriculture (USDA) loan and grant programs also have strict environmental due diligence requirements that must be followed in order to receive funding. True North is a leading provider of nationwide environmental due diligence services that meet the requirements of conventional, SBA and USDA loan and grant programs.
We believe it is critical to identify environmental concerns during the environmental due diligence process in a timely and cost-effective manner, establish risk control mechanisms appropriate for the current/future use of the real property and manage the exposure to environmental liability for clients.
KEY SERVICES INCLUDE:
- Phase I Environmental Assessments
- Hazardous and Regulated Material Assessment
- Asbestos Inspection and Management
- Phase II Environmental Site Investigations
- NEPA Environmental Assessments
- Environmental Impact Studies
- Property Conditional Assessments
- Merger and Acquisition Support
- Brownfield Redevelopment
- Risk Assessments and Transaction Screening
- Transactional Advisory Services
- Environmental Liability Cost Estimating