Would you purchase a non-residential property without setting foot onsite? Probably not. Similarly, it does not make sense for a lending institution to take title to a non-residential property without conducting sufficient due diligence. Given the current economic conditions, lenders are facing many challenges in loan work environmental due diligence, and risk management.
My colleague Amy Rudegeair, a senior project manager for environmental assessments at Partner Engineering and Science, has co-authored a paper on guidance for best environmental due diligence practices in loan workout situations. To read the full paper, download the link below.
December 04, 2024
Partner Engineering and Science, Inc. is pleased to announce the appointment of Nik Van Vliet as its newest commercial lending specialist, bringing over 17 years of expertise in commercial lending and specialized SBA financing to the organization.
November 19, 2024
New Contamination Rate Data Could Help Banks Better Assess Environmental Risk By Kathryn Peacock, Principal, Partner Engineering and Science, Inc. Originally Published in The RMA Journal Kathryn Peacock’s article, featured […]
November 19, 2024
A Practical Guide to PFAS: From Phase I ESAs to Remediation Following the EPA’s 2024 ruling designating PFOA and PFOS as hazardous substances under CERCLA, managing PFAS risks in environmental […]
