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…sometimes the recommendation is a Phase 2 Subsurface Investigation but that is not the only option. For commercial mortgage backed securities (CMBS) lenders and borrowers alike, the environmental due diligence process is often little more than a formality. The best case scenario is that the Phase 1 Environmental Site Assessment (Phase 1 ESA) is completed, no environmental issues or recognized environmental conditions are identified, and the Phase I becomes just another document in the underwriting file. The other potential outcome is one that elevates the environmental due diligence process from file-filler to potential deal-killer.
Continue reading the GlobeSt blog here.
July 07, 2025
The Spanish government has approved a new set of mandatory fire safety regulations specifically for industrial properties, through Royal Decree 164/2025. This law introduces sweeping changes to how fire prevention systems must be designed, installed, maintained, and audited.
July 03, 2025
In this latest GlobeSt article, Erika Haberlen discusses how tech-enabled solutions can transform your due diligence process and empower your team with data that drives long-term value.
July 02, 2025
More Than Just a Box on the Due Diligence Checklist, Zoning Reports Can Help Protect Collateral Value. By Wes Skinner, CHMM, Principal and National Client Manager, published on June 25, […]
