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July 6, 2011

Freddie Mac Due Diligence: Environmental/Engineering Best Practices

By Summer Gell

Lenders and Servicers Should Follow These Freddie Mac Best Practices and Updated Guidelines

…for environmental and engineering due diligence to avoid delays and facilitate the due diligence process. Freddie Mac has very specific requirements for environmental and engineering due diligence. Freddie Mac Phase 1 Environmental Site Assessments and Engineering Assessments (also called Property Condition Reports) have to be conducted according to Freddie’s Multifamily Seller/Servicer Guide, which often goes above and beyond standard due diligence requirements.

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About the Authors

Summer Gell

Managing Principal

Summer Gell is a principal at Partner Engineering and Science, Inc. who leverages her almost 30 years of experience and background as an environmental scientist to provide valuable solutions to her clients’ environmental and engineering due diligence needs. Summer is an expert on all things Freddie and Fannie, having worked on hundreds of agency and multifamily deals in recent years. She also serves as the national account manager for several CMBS lenders and life companies. Summer writes and speaks about issues that affect the CRE industry from her boots-on-the-ground perspective.

Get in Touch

Summer Gell
(214) 666-6800
[email protected]

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