By now, you have already heard the Small Business Administration (SBA) just released the new SOP 50 10 5(K), which includes (among other minor revisions) a couple of notable updates to the environmental policy and a clarification on risk management for construction components above $350,000. These changes will go into effect April 1, 2019.
The impact of these changes will be to further tighten environmental risk and liabilities associated with construction defaults. In general, these changes shouldn’t have a drastic effect on prices, and in some cases, can even help save funds during the underwriting process.
To read the full GlobeSt article detailing the latest SOP changes and key due diligence considerations, click here.

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Ken Sliter will support Partner’s growth in the Owners’ Representation & Capital Programs practice, leveraging his extensive experience.

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Paul D. DeMicco, R.A. LEED AP, Architectural & construction risk leader, joins Partner to expand support for institutional lenders & investors.

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During my 40+ years in business, both as a client and consultant, I’ve made what feels like millions of decisions. In the early years, my decisions had limited consequences, but as I moved up in the industry, decisions became more complex, sometimes even resulting in broad industry impacts. I've spent a lot of time studying decisions in order to try to make the best ones along the way.




