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You are here: Home » Resources » Articles » Commercial Real Estate Demands an Environmental Risk Policy

November 26, 2012

Commercial Real Estate Demands an Environmental Risk Policy

By Partner ESI

Published in Credit Union Journal

As more credit unions venture into the commercial real estate market, having an environmental risk management policy becomes increasingly important for many reasons, including:

  • Ensuring the CU is not exposed to environmental liabilities, such as being responsible for the cleanup on a foreclosed contaminated property.
  • Avoiding potential losses from not being able to foreclose on a property because it is contaminated.
  • Evaluating whether environmental concerns will reduce the value of the property or affect the borrower’s ability to repay the loan.
  •  Avoiding negative PR involved with a contaminated site.

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About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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