Call Us: (800) 419-4923
 Call Us: +44 (0)20 3865 7701
 Call Us: (787) 822-8377
 Call Us: (437) 855-4925
Partner Engineering and Science, Inc.
You are here: Home » Resources » Articles » Remedial Cost Estimates as a Critical Component of Securing CMBS Loans

June 10, 2019

Remedial Cost Estimates as a Critical Component of Securing CMBS Loans

By Jenny Redlin, REPA

QUANTIFICATION OF ENVIRONMENTAL RISK IMPROVES RATINGS ACCURACY

We have co-authored an article for the summer edition of CRE Finance World about the importance of remedial cost estimates as a quantitative framework for assessing environmental risk tranches. This is particularly important for securing CMBS loans, which rely on ratings agency asset valuation for investment grade bonds. There has been an increase in the number of CMBS deals forgoing a Phase II ESA in lieu of alternative options such as a holdback or environmental insurance. A remedial cost estimate allows all stakeholders to better assess the potential risk scenarios of environmental contamination on a site, and streamline the securitization process through reduced subjectivity.

To read the full article and what that potential remedial cost estimate would look like, please download the PDF below

Download Here.

About the Authors

Jenny Redlin, REPA

Jenny Redlin, REPA

Chief Experience Officer (CXO)
An original Principal and Chief Experience Officer (CXO), Jenny Redlin, REPA, brings unique expertise and experience as a 20-year environmental and engineering consulting industry veteran. Her mission as CXO is to enhance the client experience across all touchpoints at Partner, ensuring seamless, high-quality service. With her strong environmental science background and a deep understanding of the commercial real estate business process, Ms. Redlin has become the leading expert in all things relating to commercial real estate due diligence. She has gained valuable knowledge and know-how from having been personally involved in the details of thousands of real estate transactions for various client types. She understands the specific needs and scopes of work required for all parties involved in a transaction. Ms. Redlin’s due diligence resume includes advising lenders and real estate investors on a wide gamut of due diligence. This knowledge allows her to offer the most efficient and cost-effective solutions for a wide array of commercial real estate transactions.

Other Resources You Might Like


Let us be your Partner

Learn how we can support your next project or share insights via our newsletter.
Terms and Conditions  |  Privacy Policy   |  Website Terms of Use  |  © 2026 Partner ESI. All rights reserved.
crossmenuarrow-up linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram