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New SBA SOP 50 10 5(D) Includes Changes to Loan Due Diligence

The 2011 Updates to The SBA’s Sop 50 10 5 (D) Include Some Important Changes The Small Business Administration (SBA) just released its 2011 revisions to one of their Standard […]

Understanding Construction Document & Cost Reviews

Construction Document & Cost Reviews Are Useful Due Diligence Tools for Construction Lenders and Are… …more important than ever in the resuscitating construction market. The jury is still out on […]

San Francisco’s Energy Disclosure/Audit Ordinance

“Existing Commercial Buildings Energy Performance Ordinance” Requires Energy Benchmarking and Audits In February of this year, the San Francisco Board of Supervisors unanimously approved the Existing Commercial Buildings Energy Performance […]

Due Diligence at Foreclosure: What Do Lenders Need to Consider?

Good Pre-Foreclosure Due Diligence Can Help Identify Red Flag Issues with a Property The increased frequency of foreclosures in today’s market is a reality that many lenders have to face […]

NJ Puts On Pressure To Clean Up Sites Through Licensed Site Remediation Professionals

New Jersey Puts Pressure on Responsible Parties to Hire a Licensed Site Remediation Professional to Clean Up The New Jersey Department of Environmental Protection (NJDEP) created the Licensed Site Remediation Professional […]

NYC Benchmarking, Energy Audit, and Retrocomissioning Laws

New York City’s Energy Laws Are in Full Swing and Many NYC Building Owners Are Required to Take Action New York City in December 2009 saw Mayor Bloomberg sign Local […]

When Do You Need to Think About Seismic Risk?

How Do You Know When You Need to Consider Seismic Risk? Several Seismic Zone Maps Can Provide Direction. Most structured finance lenders—CMBS, Fannie Mae, Freddie Mac—and most life companies require […]

Environmental Risk In CMBS 2.0: Know Your Options

When A Phase 1 Environmental Report Identifies An Environmental Concern… …sometimes the recommendation is a Phase 2 Subsurface Investigation but that is not the only option. For commercial mortgage backed […]

Phase 1 Environmental Standards: What Do Users Want?

Revisions to the Phase 1 Environmental Site Assessment Standards Are Under Discussion The scope of work for Phase 1 Environmental Site Assessments is largely defined by ASTM Standard E1527-05 (American Society of Testing and […]

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