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

March 25, 2026
Effective communication is key to successful lender-consultant partnerships—improving clarity, reducing delays, and supporting better deals.

March 11, 2026
In this Globe St. article, Brett Hayes discusses how sellers who complete due diligence before going to market can reduce re-trades and keep deals moving forward.

February 05, 2026
Fannie Mae recently released updates to its Multifamily Property Condition Assessment (PCA) requirements that will have an immediate impact on how PCAs are reported. The revisions include updates to Form 4099- Instructions for Performing a Multifamily Property Condition Assessment, and Form 4099.G - Known Problematic Materials and Property Design Issues. Among the most notable changes are new requirements related to the remediation of aluminum wiring.




